TFF Group/€TFF

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About TFF Group

TFF Group is primarily involved in the manufacturing and distribution of products related to the wine and spirits industry. The company specializes in the production of wooden barrels used for the aging of wines and alcoholic beverages, crafting other wooden products, and providing services for wineries and distilleries. Established in 1910, TFF Group has expanded its product offerings to include alternative products like stainless steel and concrete tanks. Headquartered in France, the company operates in various international markets, leveraging its extensive expertise in wood craftsmanship. TFF Group's strategic positioning capitalizes on its long-standing history and specialized knowledge in cooperage, offering valuable products to wine producers requiring aging solutions.
Ticker
€TFF
Sector
Materials
Primary listing
PAR
Employees
1,288
Headquarters
Saint-Romain-en-Viennois, France
Website
www.tff-group.com

TFF Group Metrics

BasicAdvanced
€290M
32.95
€0.41
0.41
€0.50
3.73%

Bulls say / Bears say

Despite the slump, TFF generated €59.7m of free operating cash flow and reduced net debt by €28.8m in 2025/26. This gives it more room to absorb weak demand while keeping investment and costs under control. (Quartr, TFF Group)
There are early signs that the Bourbon cycle could turn: US exports rose in March and accelerated through April to June, while TFF expects the gradual reopening of distilleries to restore its delivery pace from the third quarter. A recovery in customer destocking could therefore provide operating leverage. (MarketScreener, TFF Group)
The launch of TFF Upcycling creates a new channel for recovering and selling used barrels. It broadens the offer, supports vertical integration and could deepen relationships with wine estates while core barrel demand is weak. (TFF Group)
The downturn has accelerated: first-quarter revenue fell 36.4%, with Wine down 32.9%, Spirits down 41.2% and Bourbon down 46%. Management expects another year of falling revenue and results in 2026/27. (TFF Group, MarketScreener)
TFF is exposed to a difficult US drinks market, where high inventories, slower distillery production, tariffs and a weak dollar are delaying customers’ barrel purchases. A possible decline in the 2026 European wine harvest adds another supply-side risk. (Reuters, TFF Group)
Earnings resilience has weakened sharply: 2025/26 revenue fell 26.5%, EBITDA fell 40.4% and net profit fell 71.1% to €9.2m. The proposed dividend cut from €0.50 to €0.40 signals that management is prioritising financial flexibility over shareholder distributions. (Quartr, TFF Group)
Data summarised monthly by Lightyear AI. Last updated on 23 Sept 2026.

TFF Group Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

TFF Group Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.