STEF (STF) Q3 2024 TU earnings summary

Executive summary

• Q3 2024 turnover reached €1,217 million, up 10.0% year-over-year, with like-for-like growth of 4.4%.

• Over half of the sales increase was driven by external growth.

Financial highlights

• STEF France turnover rose 3.8% to €605.3 million, with a 4.3% like-for-like increase.

• STEF International turnover surged 25.2% to €466.5 million, with a 7.8% like-for-like increase.

• Group business lines grew 12.1% to €1,075.8 million, while Foodservice sales declined 3.7% to €141.7 million.

Outlook and guidance

• The group will closely monitor economic indicators and tax changes in France for Q4 2024.