HALF-YEAR RESULTS 2023
8 SEPTEMBER 2023
1 | HALF-YEAR RESULTS 2023 - 08/09/2023 |
Connecting Food Market Players
CONTENTS
1.
2.
3.
4.
CONTEXT AND HIGHLIGHTS
FINANCIAL PERFORMANCE
OPERATIONAL PERFORMANCE
OUTLOOK
2 | HALF-YEAR RESULTS 2023 - 08/09/2023 |
Connecting Food Market Players
1 CONTEXT AND
HIGHLIGHTS
3 | HALF-YEAR RESULTS 2023 - 08/09/2023 |
Connecting Food Market Players
DETERIORATION OF THE
ECONOMIC ENVIRONMENT
- Food inflation affects consumption and leads to a scaling back of transported volumes
- The steep increase of interest rates impacts the economy's dynamism
4 HALF-YEAR RESULTS 2023 - 08/09/2023
Connecting Food Market Players
SALE OF THE MARITIME
DIVISION
- Scope of the sale:
- La Méridionale (former CMN), operating the commercial brand's activity
- SIGMA (Pelagos ship)
- AMC, chartering company
- CMM, La Méridionale's ship handling company
- Transaction price: €119m, of which
- Equity acquisition: €35m
- STEF's current account refund (net cash): €84m
- Impact on the result and the balance sheet:
- +€15.6m income from the transferred activities
- Group positive free cash-flow for H1 (+€115m)
5 HALF-YEAR RESULTS 2023 - 08/09/2023
Connecting Food Market Players
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Disclaimer
STEF SA published this content on 08 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2023 13:36:02 UTC.