on TONNELERIE FRANCOIS FRERES (EPA:TFF)
TFF Group: Revenue down in Q3 2025/2026
The TFF Group recorded revenues of €243.4 million for the first nine months of fiscal year 2025/2026, a decrease of 25.6% compared to the previous year. This downward trend is occurring against a backdrop of a weak dollar and geopolitical instability.
For the wine division, revenue decreased by 12.7% to €132.3 million. The wine market held up in some regions, despite the impact of poor harvests and tariffs in the United States. The spirits division experienced a more significant decline of 36.8% to €111.1 million, despite adaptation efforts in the United States and Scotland.
The group maintains its objectives for 2025/2026, forecasting a 25% contraction for the year with an operating margin of over 10%.
R. P.
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