The STEF Group, European leader in transport and logistics of temperature-controlled food products, published results for the first half of 2026, revealing a strong recovery in profitability. Revenue reached 2,687.1 million euros, growth of 8.6% compared to the same period in 2025. Operating profit almost doubled, rising from 55.9 to 102.9 million euros, raising the operating margin from 2.3% to 3.8%. The group's net profit rose 253.1%, going from 15.8 to 55.9 million euros.
Chairman and CEO Stanislas Lemor stated that the first half confirms the robustness of the company's trajectory, with operating profit returning to normal levels after being strongly impacted by exceptional items in the previous year. Growth was primarily driven by organic growth.
In STEF France, revenue grew favorably, supported by market share consolidation in transport activities, good occupancy rates in Frozen Products, and the commissioning of new facilities. In STEF International, revenue once again exceeded the symbolic one billion euro mark, with operating profit recovering sharply, going from a negative result of 8.7 million euros to a profit of 39.5 million euros.
Free cash flow turned positive, going from -24.5 million euros to +42.3 million euros. The net investment program decreased from 140.0 to 123.9 million euros. In a difficult economic context and with volatile consumption, the Group states that it will accelerate the development of the strategic plan for 2027-2031, with the aim of anticipating market changes and consolidating its competitive position in the coming years.
