Report
Jeremy Garnier

TFF Group : Q1 2023-24 sales in line with our expectations - brisk momentum confirmed

>Q1 2023-24 sales totalled € 125.6m (vs € 125m est.), up 15% (+18% l-f-l) - TFF Group this morning reported Q1 2023-24 sales (May-July) in line with our expectations at € 125.6m (vs € 125m est.), reflecting growth of 15%. This increase comprises organic growth of 18%, a negative currency effect of 3.2% and a slight scope effect of 0.2%. Wine & spirits reflect a favourable trend – minor acquisition in oak products - Favourable momentum is confirmed for...
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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