TFF Group: Revenue Decline in Q1 2026/2027

The TFF Group announced revenues of €56.9 million for the first quarter of fiscal year 2026/2027, a decrease of 36.4% compared to the previous year. This decline is occurring within a global context of massive destocking and increased selectivity in demand for alcoholic beverages. Geopolitical uncertainties are hindering investment, particularly impacting sales in the United States.

The group's Wine division generated €35 million, a decrease of 32.9%, impacted by weak US demand and adverse weather conditions in Europe. The Spirits division, meanwhile, suffered a decline of 41.2%, primarily due to the slowdown in the US spirits market.

Despite these challenges, TFF Group created the subsidiary TFF Upcycling to diversify its activities by valorizing used wine barrels, thus strengthening its vertical integration and innovation strategy.