on STEF (EPA:STF)
STEF 2025 Half-Year Results: Impact of Exceptional Events
The STEF Group announced its results for the first half of 2025 on September 4. Revenue reached €2,474.1 million, representing a 6.4% increase compared to the previous year. However, operating profit fell by 47.6% to €55.9 million.
This decline is mainly due to exceptional events: a VAT regularization in Italy, increased tax pressure in France, and costs related to the integration of acquisitions in the Benelux. While France showed improvement thanks to new contracts, Italy was penalized by a provision of €31 million.
The Group remains optimistic about the future with the acquisition of Christian Cavegn AG in Switzerland, pursuing its ambition for European leadership.
R. E.
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