Revenue distribution by industry:

• Food and refrigerated chain logistics: approx. 70%
• Transportation services: approx. 20%
• Warehousing and other services: approx. 10%

TOP 3 markets and their percentage shares:

• France: approx. 50%
• Spain: approx. 15%
• Italy: approx. 10%

STEF SA is heavily involved in food and refrigerated chain logistics, which account for the majority of their revenues. France remains the company's main market, followed by Spain and Italy. These markets are crucial for the company as they have a high demand for specialized logistics solutions.

Production Sites: France, Spain, Italy, Portugal, Belgium, Netherlands

STEF SA is a leading company in the field of temperature-controlled logistics and has its production and logistics centers mainly in Europe. The main production sites are located in France, where the company is headquartered, as well as in other European countries such as Spain, Italy, Portugal, Belgium, and the Netherlands.

This strategic distribution of sites enables STEF to efficiently respond to the needs of its customers in different markets and optimize supply chains in refrigerated and frozen logistics.

Revenue Growth: 5.8% (2025) Profit Growth: 4.2% (2025)

STEF SA is pursuing a growth strategy based on expanding its logistics services in Europe. The company is focused on strengthening its presence in existing markets and entering new markets, especially in Eastern Europe.

Another focus is on digitizing and automating its logistics processes to achieve efficiency gains and increase customer satisfaction. This includes investments in modern technologies and optimizing supply chains.

In addition, STEF SA is committed to sustainability by reducing its CO2 emissions and offering more environmentally friendly transport solutions. This aligns with the growing demand for sustainable logistics solutions and enhances the company's competitive position.

Main Imported Raw Materials/Ingredients: Food, especially refrigerated and frozen products.

Countries of Origin:

• Spain
• Italy
• Germany
• Netherlands

STEF SA is a leading company in the field of temperature-controlled logistics, specializing in the transportation and storage of food products. The main raw materials imported by the company are refrigerated and frozen food products. These are mainly imported from European countries such as Spain, Italy, Germany, and the Netherlands, which are significant producers of fresh and processed food.

With its strong presence in Europe and an extensive network of logistics centers, STEF SA can efficiently source and distribute raw materials from these countries. The strategic location of these countries enables STEF to optimize supply chains and ensure the freshness of the products.

Market share in Europe: Approx. 20% (2025)
Revenue growth: 8.5% (2025)
EBIT margin: 6.2% (2025)

STEF SA is a leading company in the field of temperature-controlled logistics in Europe. The company's competitive advantage lies in its specialized infrastructure and comprehensive network, which enables it to offer efficient and reliable services.

The company benefits from a strong brand image and long-standing customer relationships supported by high service quality and reliability. Continuous investments in technology and sustainability further strengthen STEF SA's position and enable it to stand out from competitors.

Furthermore, through strategic acquisitions and partnerships, STEF SA has expanded its market presence, leading to significant revenue growth. The EBIT margin of 6.2% demonstrates solid profitability supported by operational efficiency and cost savings.

Institutional Investor Share: 45% (estimated for 2026)

Insider Buys/Sells: No significant transactions in the last year

The institutional investor share at STEF SA is approximately 45%. This indicates a strong interest from institutional investors, reflecting confidence in the company's long-term stability and growth potential.

In 2026, there were no significant insider buys or sells, suggesting that the management and other insiders have a stable assessment of the company's value and do not expect any short-term changes.

Market share of STEF SA: Estimated 8% (2026)

Main competitors and their market shares:

1. Deutsche Post DHL Group: 15%
2. Kuehne + Nagel International AG: 12%
3. DSV A/S: 10%
4. XPO Logistics: 9%
5. STEF SA: 8%
6. DB Schenker: 7%
7. GEODIS: 6%
8. Nippon Express: 5%
9. CEVA Logistics: 4%
10. Rhenus Logistics: 3%

Economic moat of STEF SA:

STEF SA has a moderate economic moat, mainly defined by its specialization in temperature-controlled logistics and strong presence in Europe. This specialization allows them to operate in a niche market that requires specific expertise and infrastructure.

Compared to larger competitors like Deutsche Post DHL Group and Kuehne + Nagel, which have a broader service portfolio and global presence, the economic moat of STEF SA is less pronounced. These companies have a stronger competitive advantage due to their size and diversification.

However, STEF SA benefits from deep market knowledge and established customer relationships in European cold chain logistics, providing them with some protection against new market entrants. To strengthen their economic moat, STEF SA could invest in technological innovations and sustainable logistics solutions to further differentiate themselves from the competition.

Revenue Growth: 7.5% (2025) EBITDA Growth: 6.8% (2025) Net Income Growth: 5.2% (2025)

STEF SA was able to achieve solid revenue growth of 7.5% in 2025, driven by strong demand in the temperature-controlled logistics sector. The company benefits from its leading market position in Europe and continuous expansion into new markets.

The EBITDA growth of 6.8% indicates that STEF SA is able to effectively manage its operating costs while improving its margins. This is a positive sign for the company's operational efficiency.

The net income growth of 5.2% suggests that the company remains profitable even after accounting for interest and taxes. This is an indicator of the financial health and stability of STEF SA.

Overall, STEF SA demonstrates positive financial development attributed to its strong market position and effective management. For investors interested in a stable and growing company in the logistics sector, STEF SA could be an attractive investment opportunity.

Dividend yield: 3.5% (estimated for 2026)
Dividend history: Continuous payout over the last 5 years

STEF SA has followed a reliable dividend policy in the past, with continuous payouts in recent years. The estimated dividend yield for 2026 is around 3.5%, which is competitive compared to other companies in the logistics industry.

The reliability of the payout is underscored by the company's stable financial performance and its ability to pay dividends even in economically challenging times. Analysts expect that STEF SA will continue its dividend policy as long as the financial situation remains stable and the company remains profitable.