STEF reports 12% revenue growth in third quarter

STEF, a European group specializing in temperature-controlled transport and logistics, reported third-quarter revenues of 1.455 billion euros, representing a 12% increase compared to the same period in 2025. On a constant perimeter and exchange rate basis, revenue grew by 10.4%.

The group's international operations outperformed its French division, with non-French activities seeing a 17.7% revenue increase (13.5% on a comparable basis) to reach 589.9 million euros. The French division grew by 8.8%, while other activities increased by 7.2%.

Growth drivers included new contracts, increased volumes, and network development across several regions. Specific contributions were noted in Belgium due to summer international flows, the United Kingdom through hospitality volume increases, and Spain via growth in frozen, fresh, and retail segments. In Italy, growth was supported by additional volumes and favorable calendar effects. The results also include the impact of the acquisition of Christian Cavegn in Switzerland, which contributed 19.5 million euros in revenue.