Stef Group posted sales of 886.9 million euros in the third quarter of 2019, an increase of 6.3% over the same period last year.
Internationally, the group’s sales stood at 226.5 million euros, a year-on-year increase of 10.6%.
“Italy and the Iberian Peninsula confirm their role as locomotive with growing turnover of 7.7% in Italy, 7.7% in Spain and 18.6% in Portugal. The economic environment remains favorable in these last two countries, but there is a slowdown in food consumption in Italy”, the group said in a statement.
In France, the company earned 520.4 million euros in the third quarter of the year, a gain of 4.8% over the same period last year.
“The growth in our turnover in the third quarter is in line with the excellent start of the year by the Group. It demonstrates the effective implementation of our strategic priorities and the robustness of our business model. The Group faces with confidence the last months of the year, during which transportation and logistics activities are traditionally strong”, celebrates Stanislas Lemor, President and General Manager of Stef Group.
In the first nine months of the year, the company posted sales of 2.6 billion euros.