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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 reached €2,687.1m, up 8.6% year-over-year, driven by strong organic growth and recent acquisitions.
Operating income rose to €102.9m, up 84.1% from H1 2025, reflecting normalization after prior exceptional charges.
Net income Group share surged to €55.9m, 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.
International activities now represent 46% of group revenue, with strong contributions from Italy, Spain, Portugal, Benelux, and Switzerland.
Financial highlights
Turnover rose to €2,687.1m, up 8.6% year-over-year, with 7.1% like-for-like growth.
Operating income increased to €102.9m, up 84.1% from H1 2025.
Net income Group share surged to €55.9m, a 253.1% increase year-over-year.
EBITDA reached €244.4m, up 13% year-over-year.
Free cash flow improved from -€24.5m in H1 2025 to positive €42.3m.
Outlook and guidance
Vigilance maintained due to uncertain geopolitical, economic, and financial environment.
Focus for H2 2026 on integrating recent acquisitions, especially in Benelux, and launching the 2027–2031 strategic plan.
Continued transformation in digitalization, automation, AI, and energy transition.
Preparation underway for the 2027–2031 strategic plan to anticipate market changes and strengthen competitive position.
- 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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