Jeremy Garnier

STEF : 2018 results in line with our estimates – stable attributable net profit

>Operating result: € 137.2m (vs € 136.1m est.), i.e. an operating margin of 4.2% - Yesterday evening, the STEF group reported 2018 results in line with our expectations: an operating result of € 137.2m, up 3.7% (vs € 136.1m est. and +2.8%e) for revenues already published of € 3,225.1m (+9.4%). The operating margin therefore came to 4.2% (vs 4.2%e). Attributable net profit edged up 0.8% to € 94.4m (vs € 96m est. and +2.5%e).Increase in profitability in tra...

STEF-TFE is a provider of transport and logistic services for food products requiring specific temperature control within Europe. Co. divides its operation into four segments: Transport in France (transportation of fresh and frozen products, transportation of seafood and organization of international transport activities); Logistics in France or STEF Logistique (logistics for fresh and frozen products for industrial players, mass retail and the food-service industry); STEF International (international activities in Spain, Portugal, Italy, Benelux, Switerland and U.K.); and Maritime activities (maritime services, passengers and freight, and maritime brokerage).


​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Jeremy Garnier

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