Q2 figures: revenue was up by 9% driven by a positive FX effect of 8.6% (in local currencies sales were marginally higher than last year). The operating profit excluding JVs and associates increased by 8.6% whereas the operating margin was down by 10bp. By division, other tobacco products (including cigars and chewing tobacco) recorded an impressive +40.5% in sales (10% in local currency) and +220bp in the operating margin being driven by good local performance in the US, additionally support
17 Jul 2015
Q2 driven by strong cigars coupled with a positive currency effect
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Q2 driven by strong cigars coupled with a positive currency effect
- Published:
17 Jul 2015 -
Author:
Anna Zyniewicz -
Pages:
2
Q2 figures: revenue was up by 9% driven by a positive FX effect of 8.6% (in local currencies sales were marginally higher than last year). The operating profit excluding JVs and associates increased by 8.6% whereas the operating margin was down by 10bp. By division, other tobacco products (including cigars and chewing tobacco) recorded an impressive +40.5% in sales (10% in local currency) and +220bp in the operating margin being driven by good local performance in the US, additionally support