TFF Group: rolls out the barrel with FY earnings up 7.5%
(CercleFinance.com) - TFF Group (Tonnelleries François Frères) rolls out the barrel, announcing a 7.
5% rise in net income to E58.4m and a 16% increase in operating income before non-recurring items to E91.8m for 2023-24.
Sales rose by 10.6% to E486.5m, with organic growth of 12.4% driven by the alcohol division (+24.8%), which accounted for 57% of the business mix, boosted by strong growth in bourbon activities.
TFF Group will propose a stable dividend of E0.60 per share and, approaching the 2024-25 financial year with confidence and prudence, has set new targets of sales of around E500m and 'good profitability ratios'.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
5% rise in net income to E58.4m and a 16% increase in operating income before non-recurring items to E91.8m for 2023-24.
Sales rose by 10.6% to E486.5m, with organic growth of 12.4% driven by the alcohol division (+24.8%), which accounted for 57% of the business mix, boosted by strong growth in bourbon activities.
TFF Group will propose a stable dividend of E0.60 per share and, approaching the 2024-25 financial year with confidence and prudence, has set new targets of sales of around E500m and 'good profitability ratios'.
Copyright (c) 2024 CercleFinance.com. All rights reserved.