127,2 M€, + 5%

To periods and sectorsb - Wine businesses:

Wine businesses: €91,8 million, - 1,3% like for like over 9 months

Third quarter activity was down 13.4% on a like for like basis due to the combined effects of a historically small French harvest and an Australian harvest that has come later than in 2013.

U.S. businesses grew at a rate of more than 10% over the period, although the third quarter has not kept pace with growth in the first half, mainly due to a negative base effect, the end of the season having been exceptionally extended last year.

- Whisky businesses: €35,4 million, + 24,9% like for like over 9 months

Still defying expectations, these businesses continue to grow at a solid pace and with good prospects for the fourth quarter.

Confirmed targets

This year’s American market looks promising, although it must be kept in mind that this is a market that is crucial for our fourth quarter activity and that the harvest remains dependent on climatic conditions.
After a worse-than-expected negative currency impact of more than €4 million , the Group’s activity is slightly below expectations over the nine month period. However TFF Group confirms that its target for this year’s consolidated sales remains close to €170 million.