(AOF) – TFF revealed its half-year results for the 2023-2024 financial year, resulting in a net result of 40.77 million euros, an improvement of 5.2% compared to the first half of 2022-2023. Ebitda, established at 61.77 million euros, was up 18.7% and turnover, at 264.26 million euros, up 13.6%. The Wine division generated a turnover of 127.9 million euros, up 3.5%, while the Alcohol division jumped 25% to 136.3 million euros.
“The half-year performances are notable. We still anticipate growth of more than 10% over the financial year – depending on exchange rate variations – with increasing operational profitability, and we remain just as agile and ambitious, building on the investments made in our markets” , declared Jérôme François, chairman of the management board, quoted in a press release.
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Rail investment plan
The French railway industry is in second place in Europe and third place worldwide. This industry displays a trade surplus, which generates more than 100,000 jobs in France. The announcement of the future plan for French rail transport provides in particular for the regeneration and modernization of the network, the average age of which is 30 years in our territory. This age is much higher than that of countries like Germany (17 years) and Switzerland (15 years). An annual investment increasing from 2.8 billion euros to nearly 4 billion euros should make it possible to maintain the entire network in good condition.