TFF Group (Tonnelleries François Frères) has announced a 7.5% rise in net income to 58.4 million euros and a 16% increase in operating income before non-recurring items to 91.8 million for its 2023-24 financial year. Sales rose by 10.6% to 486.5 million euros, 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 0.60 euro per share and, 'approaching the 2024-25 financial year with confidence and prudence', has set new targets of sales of around 500 million euros and 'good profitability ratios'. Copyright (c) 2024 CercleFinance.com. All rights reserved.
