STEF (STF) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 revenue increased by 5.1% year-over-year to €1,197.2 million, with like-for-like growth at 2.8%.

• External growth accounted for nearly 55% of the revenue increase, mainly from recent acquisitions.

• Revenue in France stagnated due to weak food consumption and lower volumes, while international operations saw sharp growth.

Financial highlights

• STEF France revenue rose 0.6% to €580.2 million, with like-for-like growth at 0.9%.

• STEF International revenue grew 10.9% to €464.3 million, with like-for-like growth at 4.2%.

• Other segments contributed €152.7 million, up 6.2% year-over-year.

• Group business lines revenue increased 4.8% to €1,048.2 million; Foodservice sales rose 6.9% to €149.0 million.

Outlook and guidance

• The next revenue update is scheduled for Q2 2025, to be published on 17 July after trading.