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TFF ups turnover forecast to more than €210m

04.07.2017 − 

On publishing figures for the third quarter of the 2016/2017 financial year (30 April), French Tonnellerie François Frères (TFF) Group increased its turnover forecast to over €210m. In presenting the half-year figures, TFF assumed total turnover for the whole 2016/2017 financial year of over €200m, after the 2015/16 financial year had achieved revenues of €194.99m.

In the first nine months of the financial year, TFF achieved year-on-year growth in turnover of 12.2% to €168.0m. Adjusted for acquisitions made during the course of 2016, turnover was up by 7.4%. TFF had on 1 November 2016 taken over US-American Barrels Unlimited (BUI). French Lejeune and French Idelot Père et Fils have also been part of the group since May 2016. In addition, in May 2016, through its Scottish subsidiary Speyside Cooperage TFF had commissioned production operations for bourbon barrels in Jackson (Ohio, USA), which also contributed to growth in turnover.

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