Groupe Stef: sales up but profits down sharply

(CercleFinance.com) - Groupe Stef has reported H1 sales of E2,325m, up 6.
7% y-o-y.

Meanwhile, EBIT reached E106.6m (-5.8%), leaving net income, group share, at E68m, down 28.3%. FCF contracted sharply, from +E115.1m to -E94.5m.

The group's net debt rose from E1bn to E1.3bn, reflecting the group's investment strategy.

Stef intends to pursue a targeted investment policy, with particular attention to investments in the energy transition, and is "confident" in the solidity of its value-creation model.


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