European specialist for cold logistics, STEF, has announced a turnover increase of 7.2% in the third quarter, despite lower food consumption and poor summer weather conditions that weighted on the consumption of seasonal products (ice creams, meat products).
In accordance with its external growth strategy, the Group has strengthened its position in Northern Europe with the acquisition of the Dutch Speksnijder Transport company on September 1st, which contributed EUR1.3m over the period.
The turnover of the British companies divested in January had contributed €2.4 million during the 3rd quarter of 2013.
“Our business in the Iberian peninsula benefits from the economic recovery and from adjustment of its business model in Transport, which is focusing on medium-sized clients. Italy remains on a dynamic growth and continues to accompany the development of major food manufacturers. The acquisition of a new business in the Trentino region strengthens our network in north-eastern Italy. Benelux rose sharply during this quarter, due to the acquisition of Speksnijder Transport in the Rotterdam region (Netherlands),” said company representatives in a statement.