Report
Jeremy Garnier

TFF Group : Good H1 results in line with our forecasts

>Sales of € 264.3m, up 13.6% (+17.1% l-f-l) / underlying operating profit of € 53.2m (underlying operating margin of 20.1%, +90bp) - Yesterday evening, TFF Group published H1 results in line with forecasts: i/ sales were € 264.3m (vs € 263m est.) up 13.6% (organic growth of 17.1%, negative forex effect of 3.8% and a slightly positive scope effect at 0.3% thanks to the acquisitions of Biossent and Goulard) and underlying operating profit of € 53.2m (vs € 51.3m est.), i...
Underlying
TFF Group

Tonnellerie Francois Freres S.A.. TFF Group, formerly Tonnellerie Francois Freres SA, is a France-based company that manufactures and distributes oak barrels that are used to conserve and transport liquids. The Company has four core businesses: stave milling, cooperage, cask manufacturing and oak wine-aging products. Tonnellerie Francois Freres SA also offers oak products for oenology, where the wine is put in contact with wood in varied forms, and has developed products for the alcohol maturing and aging market, especially the whisky market. The Company offers four brands of barrels: Exclusif, Privilege, Classique and Horizon. As of December 31, 2011, Tonnellerie Francois Freres SA operated through its subsidiaries, including: Sogibois, Bouyoud, Treuil, Francois Inc, Classic Oak New Zealand, Demptos Napa, among others. The Company has operating units in France, the United States, Spain, Hungary, South Africa, China, New Zealand, Australia and Ireland. In May 2016, the Company acquired metal manufacturer SAS Lejeune.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jeremy Garnier

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