Who Owns Stef Company?

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Who Really Owns STEF Company?

Ever wondered who steers the ship at STEF, the European giant in temperature-controlled logistics? Understanding Stef SWOT Analysis can be very useful. STEF's ownership structure is more than just a list of names; it's a roadmap to its strategic decisions and market dominance. Unraveling the threads of its ownership reveals the forces shaping its future.

Who Owns Stef Company?

Delving into "Who Owns Stef Company?" is crucial for anyone seeking to understand its operational priorities and long-term vision. This exploration will examine the evolution of STEF's ownership, from its founders to its current major shareholders and executives. Discover how the company's unique ownership structure influences its resilience and strategic direction in the competitive European logistics market. Learn about the Stef SWOT Analysis.

Who Founded Stef?

The story of Stef Company ownership begins in 1920. It was established as the Société Française de Transports et Entrepôts Frigorifiques, a subsidiary of the PLM railway company. This initial setup was crucial for importing frozen meat, a key task during World War I, highlighting its early role in ensuring food supplies.

In 1938, the company shifted ownership, becoming part of the French national railway company, SNCF. This change positioned Stef within a larger, state-owned entity that controlled most of the French rail network at the time. This period set the stage for future developments.

The transformation of Stef’s ownership took a significant turn in 1987. Through a management buyout, the company gained independence from SNCF. This move marked a crucial shift towards the employee and management ownership model that characterizes Stef today. The specifics of the early equity splits from 1920 are not publicly available, but the 1987 buyout was a pivotal moment.

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Key Ownership Milestones

The evolution of Stef Company's ownership reflects its strategic adaptation and growth. The company's structure has changed significantly over the years. Here are some key points:

  • 1920: Founded as a subsidiary of PLM, focusing on frozen meat transport.
  • 1938: Acquired by SNCF, the French national railway company.
  • 1987: Management buyout from SNCF, establishing an employee and management ownership model.
  • Current: The company is privately held, with a significant portion owned by its employees and management. Details on the current ownership structure are not always publicly disclosed, as it is not a public company.

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How Has Stef’s Ownership Changed Over Time?

The ownership structure of the company has evolved significantly since its privatization and subsequent listing on the stock market in 1998. Understanding who owns the company is crucial for investors and stakeholders alike. A key characteristic of the company's ownership is the substantial insider holding, with approximately 73% of the capital held by its management and employees. This ownership structure reflects a commitment to long-term strategic goals.

The company's history includes a pivotal moment in 1987, when the company was bought out. This event set the stage for the current ownership dynamics. The employee shareholding plan (FCPE), involving over 12,000 employees, further solidifies employee involvement. This structure distinguishes the company from many competitors in the logistics sector. If you're interested in learning more about the competitive environment, you can check out the Competitors Landscape of Stef.

Shareholder Percentage of Equities (as of June 12, 2025) Notes
Atlantique Management SA 31.27% Major shareholder
Natixis Investment Managers International SA 18.35% Significant institutional investor
Lemor Family 13.82% Family influence
Société du Personnel de la Financière de l'Atlantique 10.09% Employee-related
Fidelity Management & Research Co. LLC 6.36% Institutional investor

As of May 20, 2025, the share price was €126.00 per share. Institutional ownership includes JISAX - International Small Company Fund Class NAV and JAJDX - International Small Company Trust NAV, holding a combined total of 530 shares. The Lemor family's stake, exceeding 20% in total, highlights their significant influence, with Stanislas Lemor, the current Chairman and CEO, being the son of Francis Lemor, who led the 1987 buyout. This structure ensures strategic stability and a long-term focus.

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Key Takeaways on Stef Company Ownership

The company's ownership is characterized by high insider holdings and significant employee participation.

  • Atlantique Management SA is a major shareholder.
  • The Lemor family holds a substantial stake, influencing the company's direction.
  • Employee shareholding plans foster a sense of ownership and commitment.
  • Institutional investors also hold significant positions.

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Who Sits on Stef’s Board?

The current Board of Directors of the company plays a vital role in steering its strategic direction and ensuring proper governance. The board is led by Stanislas Lemor, who serves as both Chairman and Chief Executive Officer. Other board members include Ahkim Benhamouda, Sophie Breuil, Jean-Charles Fromage, Estelle Hensgen-Stoller, Bernard Jolivet, Murielle Lemoine, Ruxandra Ispas, Dominique Rambaud, and Maxime Vandoni. Additionally, François de Cosnac represents Atlantique Management on the board.

This diverse group of individuals brings a wealth of experience and expertise to the company, contributing to its oversight and decision-making processes. The composition of the board reflects a commitment to maintaining strong corporate governance practices.

Board Member Title Affiliation
Stanislas Lemor Chairman and CEO
Ahkim Benhamouda Director
Sophie Breuil Director
Jean-Charles Fromage Director
Estelle Hensgen-Stoller Director
Bernard Jolivet Director
Murielle Lemoine Director
Ruxandra Ispas Director
Dominique Rambaud Director
Maxime Vandoni Director
François de Cosnac Director Atlantique Management

The company's ownership structure significantly influences its voting dynamics. With a substantial portion of the capital, approximately 73%, held by management and employees, the company's shareholders and management likely exert considerable control. As of May 31, 2025, there were 12,850,000 shares outstanding. The total theoretical voting rights amounted to 22,814,931, with 22,610,294 exercisable voting rights. This suggests a potential dual-class share structure or similar mechanism. The Lemor family's stake, exceeding 20%, further solidifies their influence. The governance framework is detailed in documents like the Board of Directors Statutes (2024) and the Code of Conduct (2023). This structure ensures decisions are often aligned with the long-term interests of management and employee shareholders. For more insights, you can explore the Target Market of Stef.

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Key Takeaways on Stef Company Ownership

The company's ownership is largely held by its management and employees, giving them significant control. This insider ownership influences the company's strategic decisions and governance.

  • The Board of Directors, led by Stanislas Lemor, oversees the company's operations.
  • The Lemor family holds a significant stake, influencing major decisions.
  • The voting rights structure may indicate a dual-class share arrangement.
  • The company's governance is guided by its Board of Directors Statutes and Code of Conduct.

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What Recent Changes Have Shaped Stef’s Ownership Landscape?

In the past few years, the company has shown a strategic focus on strengthening its core temperature-controlled logistics business. This has been achieved through significant acquisitions and a refocusing of its operations. Key acquisitions include TransWest in Belgium in October 2023 and Bakker Logistiek in the Netherlands, finalized at the start of 2024. Additionally, in December 2024, the acquisition of TDL Group's Fresh Logistics business was completed. These moves reflect an industry trend toward consolidation to achieve greater scale and efficiency.

Financially, the company demonstrated strong performance in 2024, with an 8.1% increase in revenue and a 13.5% rise in EBITDA, despite economic challenges. The net income for 2024 was €157.2 million. The company maintains its policy of distributing one-third of its net profit as dividends, with a proposed payout of €4.15 per share for the 2024 financial year, to be voted on at the Annual General Meeting on April 30, 2025. For more information on the company's strategic approach, consider reading about the Growth Strategy of Stef.

A notable trend in the company's ownership profile is the consistent high level of insider ownership. Over the last 10 years, insider ownership has increased from approximately 68% to 72% at the time of writing, with 73% of the capital currently owned by management and employees, including an 18% stake through an employee shareholding plan. This high insider ownership supports the company's valuation and is seen as a unifying tool and a driver of economic performance. The company's annual accounts for the 2024 financial year, including management reports and auditor reports, are available online, reinforcing transparency.

Icon Who Owns Stef Company?

The company's ownership is characterized by a high level of insider ownership. Management and employees hold a significant portion of the company's capital.

Icon Stef Company Shareholders

The majority of shares are held by management and employees. This structure is unique in the logistics sector.

Icon Stef Company Executives

The company's executives play a key role in the high level of insider ownership. They are significantly invested in the company's success.

Icon Stef Company Management

The management team's substantial ownership stake aligns their interests with the company's long-term performance. This structure aims to drive economic performance.

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