TFF Group reports a 149% increase in net income for the first half of 2022-23, to 38.7 million euros, as well as a 5.5 point improvement in recurring operating margin to 19.2%, on sales up 62.3% to 232.6 million.

In addition to a positive currency effect and significant external growth with the contribution of Tonnellerie Remond over six months, sales were supported by organic growth of 45.1% with volume and price effects.

The better-than-expected euro-dollar parity and good visibility on the cooperage group's markets for the second half of the year have led it to raise its annual sales target to €390 million.

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