STEF : Strong Q3 revenue, a shade ahead of our expectations
>Q3 revenue up 6.7% to € 886.9m (vs € 873m estimated) - STEF reported yesterday evening € 886.9m in Q3 revenue (vs € 873m estimated), up 6.7% (vs 5% estimated). The consolidation effect excluded (+0.7% vs +0.5% estimated) tied to the acquisition of Transports Galliard and Netko (STEF Raalte) at the start of the year, organic growth would work out at 6% (vs 4.5% estimated). In the first nine months, revenue came in at € 2,552.7m (vs € 2,538.8m estimated), up 6.9% (+4.7...STEF-TFE is a provider of transport and logistic services for food products requiring specific temperature control within Europe. Co. divides its operation into four segments: Transport in France (transportation of fresh and frozen products, transportation of seafood and organization of international transport activities); Logistics in France or STEF Logistique (logistics for fresh and frozen products for industrial players, mass retail and the food-service industry); STEF International (international activities in Spain, Portugal, Italy, Benelux, Switerland and U.K.); and Maritime activities (maritime services, passengers and freight, and maritime brokerage).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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