STEF Group presented its annual results for 2021, showing a EUR3.5bn turnover (up 11.5% when compared to the previous year) and an operating result of EUR154m (up 32%).
The stabilization of the health crisis and the dynamism of consumption in Europe has enabled the Group to record an increase in its operating result in France and internationally. In the second half of the year, however, this was strongly impacted by the rise in the price of electricity, according to a press release. In a geopolitical context with uncertain consequences, the Group remains vigilant for the coming year. This year will be devoted to integrating its new activities in the United Kingdom and preserving its operational profitability in an inflationary environment. The Group will attach particular importance to strengthening the attractiveness of its business lines and building the loyalty of its teams. STEF will also continue to invest in energy transition, representatives add.
“In 2021, the Group improved its economic performance in all its countries and all its activities, thus returning to 2019 levels. The results attest to the solidity of STEF’s operational and financial fundamentals and its ability to invest for the future. The year was marked by external growth operations, with the Group has taken an important step in its development with the acquisition of Langdons in the United Kingdom,” Stanislas Lemor, STEF chairman and CEO said. “Finally, building on the mobilization of its teams and the collaboration with its stakeholders, STEF has formalized its climate commitments in its new Moving Green roadmap focused on sustainable mobility and more virtuous cold production.”