While food consumption slowed down in Europe and poor weather negatively impacted sales of ice cream, drinks and meat products, STEF Group maintained a steady growth rate during Q2 2012. In the difficult economic environment of the Iberian Peninsula, the Group registered strong growth in Spain (+8.9%) and in Portugal (+8.8%). This performance is particularly due to the integration in May of a restaurant and catering logistics business in the Lisbon region and to the implementation of flow management contracts in Madrid and Barcelona. Italian operations grew almost 7.5% on a like for like basis and benefited from the growth of international transport between Italy and the rest of Europe. Group’s operations in Benelux countries show a 9.3% growth, thanks to the healthy development of the Transport business.