TFF Group, officially known as Tonnellerie Francois Freres SA, is a France-based corporation renowned for its manufacture and distribution of oak barrels, primarily utilized for the conservation and transportation of liquids. The company's operations span across four main sectors: stave milling, cooperage, cask manufacturing, and oak wine-aging products. It stands out in the market for its offering of various oak products designed for oenology—where wine is exposed to wood in different forms—and has carved a niche in the alcohol maturing and aging market. The company is headquartered in Saint-Romain, France, and its shares are listed on the Euronext Paris.

TFF Group

TFF Group (TFF) Q1 24/25 TU Summary | Quartr

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Revenue fell 11.4% year-over-year, with further declines expected amid cautious market conditions.

Q3 24/25 TU

Q1 revenue fell 26.5% year-over-year, with further declines and profitability erosion expected.

Q1 25/26 TU

Revenue dropped 25.6% year-over-year, but margin targets remain above 10%.

Q3 25/26 TU

Q1 revenue dropped 36.4% year-over-year, with further declines expected for 2026/2027.

Q1 26/27 TU

Revenue and profit declined sharply, but net debt and cash flow improved amid market headwinds.

H2 25/26

Revenue and profit declined sharply, but cost controls preserved margins and reduced debt.

H1 25/26

Revenue and profit fell across all segments, with further contraction expected next year.

H2 24/25

Double-digit revenue and profit growth led by bourbon, with stable wine performance.

H2 23/24

Sales and profit fell sharply; outlook remains challenging amid ongoing market headwinds.

H1 24/25

### Executive summary
- Consolidated revenue for Q1 2024/2025 was €121.5 million, down 3.3% year-over-year and 5.5% like-for-like, reflecting a transitional period after a record post-COVID year.
- The quarter was impacted by a return to normal market levels, economic uncertainty, and adverse weather conditions affecting the alcoholic beverage sector.

### Financial highlights
- Q1 consolidated revenue: €121.5 million, a 3.3% decrease compared to Q1 2023/2024.
- Full-year 2024 turnover reported at €486.5 million.
- Net profit for 2024 was €58.4 million.

### Outlook and guidance
- Revenue for fiscal year 2024/2025 is expected to fall below €500 million, lower than initial targets.
- Profitability levels may decline due to a temporarily unfavorable environment, with markets seeking a new equilibrium.
- The group is preparing for a transitional year, focusing on managing production capacities and costs to preserve profitability and enable a rebound in 2025/2026.

TFF Group (TFF) Q1 24/25 TU earnings summary

Q1 24/25 TU earnings summary

Executive summary

Financial highlights

Outlook and guidance

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