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STEF
STEF (STF) investor relations material
STEF Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 TU earnings summary22 Jan, 2026
Executive summary
Revenue for Q4 2025 reached €1,347.1M, up 7.1% year-over-year (+5.4% like-for-like), in a mixed market environment.
Full-year 2025 revenue totaled €5,119M, a 6.6% increase year-over-year (+4.7% like-for-like), achieving the €5B strategic target one year ahead of plan.
Recent acquisitions contributed 28% of Q4 revenue growth, notably Christian Cavegn AG in Switzerland and TDL Fresh Logistics in Belgium.
Segment performance
In France, Fresh Flows saw volume growth in October; Frozen segment stable despite high warehouse occupancy; GMS segment growth slowed but remained positive.
Foodservice continued to grow, driven by new clients and sector momentum, though the market is maturing.
In Belgium, growth was supported by international flows despite a sluggish domestic market.
The Netherlands experienced a sharp revenue decline due to the loss of a retail client.
Swiss revenue doubled post-acquisition, aided by strong market dynamics and retail partnerships.
Spain and Portugal posted strong growth, with Portugal benefiting from a new logistics platform; Italy saw dynamic December growth in Ambient Food.
Significant events and developments
Achieved €5B revenue target a year ahead of the 2021–2026 strategic plan.
Announced a new governance model with a CEO and two operational managing directors, effective after the April 2026 AGM, as part of leadership transition.
Organic growth outlook for 2026?
How new governance impacts future strategic plan?
Mitigation for Netherlands retail client loss?
Partial view of Summaries dataset, powered by Quartr API
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Next STEF earnings date
H2 202513 Mar, 2026
STEF
Next STEF earnings date
H2 202513 Mar, 2026
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Frequently asked questions
STEF SA, formerly known as STEF-TFE SA, is a France-based company specializing in the transportation and logistics of temperature-controlled products, including fresh, frozen, and thermo-sensitive goods. The company provides a comprehensive range of services that encompass transport, logistics, and packaging, supported by its IT solutions through STEF Information et Technologies (STEF IT). Additionally, STEF operates a Real Estate Division through IMMOSTEF and offers energy services via Blue EnerFreeze. The firm caters to various sectors such as the agri-food industry, e-commerce businesses, local authorities, and restaurant chains. The company is headquartered in Paris, Ile-de-France, and its shares are listed on the Euronext Paris.
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