YEAR 2008 - SDF

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Public limited company with share capital of € 13.515.649 Head office: 93, boulevard Malesherbes, 75008 Paris 999 990 005 RCS PARIS Tel: 01 40 74 28 28 - Fax: 01 45 63 97 33 www.stef-tfe.com
CONTENTS ANNUAL REPORT <strong>2008</strong> T H E E U R O P E A N S P E C I A L I S T I N C O L D L O G I S T I C S Management bodies Chairman's message Key figures Management report Economic environment Market trends Group business The TFE Transportation Unit The Tradimar Transportation Unit The STEF Logistics Unit The European Affairs Unit Other activities, including CMN The Agrostar IT Systems Unit Sustainable development Group risks Consolidated financial statements Parent company's results The Board of Directors Outlook for 2009 Consolidated financial statements Consolidated balance sheet and income statement Variation in consolidated shareholders’ equity Table of cashflows Notes to the consolidated financial statements Statutory Auditors' report Chairman's Report on Internal Control 2 3 4 5 a 47 5 6 8 10 12 13 15 19 20 21 32 34 37 38 47 47 48 50 51 53 88 90
Page 1: 2 0 0 8 A N N U A L R E P O R T
Page 5 and 6: CHAIRMAN'S MESSAGE ANNUAL REPORT 20
Page 7 and 8: GENERAL CONTEXT GROUP ENVIRONMENT E
Page 9 and 10: GROUP ENVIRONMENT MARKET TRENDS IN
Page 11 and 12: THE GROUP AS A WHOLE IS STRUCTURED
Page 13 and 14: GROUP BUSINESS THE TRANSPORTATION U
Page 15 and 16: GROUP BUSINESS THE LOGISTICS UNIT T
Page 17 and 18: GROUP BUSINESS EUROPEAN AFFAIRS Eur
Page 19 and 20: GROUP BUSINESS EUROPEAN AFFAIRS POR
Page 21 and 22: GROUP BUSINESS OTHER ACTIVITIES MAR
Page 23 and 24: GROUP BUSINESS SUSTAINABLE DEVELOPM
Page 35 and 36: GROUP RISKS MARKET RISKS Interest r
Page 37 and 38: THE GROUP CONSOLIDATED FINANCIAL ST
Page 39 and 40: THE GROUP PARENT COMPANY'S RESULTS
Page 41 and 42: THE GROUP THE BOARD OF DIRECTORS on
Page 43 and 44: THE GROUP THE BOARD OF DIRECTORS CO
Page 45 and 46: THE GROUP THE BOARD OF DIRECTORS Ch
Page 47 and 48: THE GROUP THE BOARD OF DIRECTORS CO
Page 49 and 50: THE GROUP OUTLOOK FOR 2009 2009 sta
Page 51 and 52: Consolidated financial statements A
Page 53 and 54:
Consolidated financial statements T
Page 55 and 56:
Notes to the consolidated financial
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CHAIRMAN’S REPORT concerning the
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CHAIRMAN’S REPORT RULES AND GUIDE
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CHAIRMAN’S REPORT These regional
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CHAIRMAN’S REPORT the subsidiarie
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100 ANNUAL REPORT 2008 For further
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YEAR 2008 - SDF

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