ITG released its 9M update. Net revenue at constant FX grew by +2% (consensus at 2.6%), -4% on a reported basis and 0% on an underlying basis. Total tobacco volumes were down 3% (consensus at -2%) on a reported basis and down by 6% on an underlying basis (partially due to the political and security situation in Iraq). Growth Brands recorded a solid performance with volumes +10% on an underlying basis and 14% on reported figures. It also increased its market share by 100bp. Specialist brands'

19 Aug 2015
9M update: on track to deliver FY guidance

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9M update: on track to deliver FY guidance
Imperial Brands PLC (IMB:LON) | 2,974 0 0.0% | Mkt Cap: 24,489m
- Published:
19 Aug 2015 -
Author:
Anna Zyniewicz -
Pages:
2 -
ITG released its 9M update. Net revenue at constant FX grew by +2% (consensus at 2.6%), -4% on a reported basis and 0% on an underlying basis. Total tobacco volumes were down 3% (consensus at -2%) on a reported basis and down by 6% on an underlying basis (partially due to the political and security situation in Iraq). Growth Brands recorded a solid performance with volumes +10% on an underlying basis and 14% on reported figures. It also increased its market share by 100bp. Specialist brands'