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STEF (STF) investor relations material
STEF H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 rose 8.6% year-over-year to €2,687.1 million, driven by strong organic growth and contributions from both France and international operations, including recent acquisitions.
Operating income increased to €102.9 million, up 84.1% from H1 2025, reflecting normalization after exceptional items and improved international performance.
Net income (Group share) surged to €55.9 million, a 253.1% increase year-over-year, with EPS at €4.42 (basic).
New governance structure, organized around France and International, is now fully operational to support strategic priorities and operational excellence.
Continued investment in digitalization, automation, and energy transition, while integrating acquisitions and preparing the 2027–2031 strategic plan.
Financial highlights
Revenue: €2,687.1 million (+8.6% year-over-year; +7.1% like-for-like).
Operating income (EBIT): €102.9 million (+84.1% year-over-year).
Net profit: €55.9 million (+253.1% year-over-year).
EBITDA reached €244.4 million, up 13% year-over-year.
Free cash flow improved from -€24.5 million in H1 2025 to €42.3 million.
Outlook and guidance
Vigilance maintained due to uncertain geopolitical, economic, and financial environment, with focus on sustaining growth and integrating acquisitions.
Preparation underway for the 2027–2031 medium-term plan, emphasizing digital, automation, AI, and energy transition.
Continued efforts in Benelux to achieve sustainable profitability.
- Q1 2025 revenue up 5.1% to €1,197.2M, led by acquisitions and strong international growth.STF
Q1 2025 TU - Turnover grew 10% to €1,217 million, led by international gains and external growth.STF
Q3 2024 TU - Turnover rose 7.7% in Q2 2025, led by international growth and Foodservice gains.STF
Q2 2025 TU - Q4 2025 revenue grew 7.1% year-over-year, surpassing strategic targets ahead of schedule.STF
Q4 2025 TU - Q2 revenue up 7.7% to €1,185.9M, led by international growth and acquisitions.STF
Q2 2024 TU - Q2 2026 revenue grew 11% to €1,417.7m, led by new customers, acquisitions, and site launches.STF
Q2 2026 TU - Revenue up 6.4%, but net income down 76.7% amid tax and integration headwinds.STF
H1 2025 - Revenue up 7% to €2.33B, but profit and margins fell as costs and debt increased.STF
H1 2024 - Revenue up 8.1% to €4.8B, but EBIT and net income fell 18% as margins tightened.STF
H2 2024
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