The FY 2023 performance was solid. Pricing was paramount to offset volume declines. The adjusted operating profit margin was up by 150bps, a sign that the strategic plan implemented following the arrival of the new CEO, Stefan Bomhard, is starting to yield results. We expect the consensus for FY 2024 to be revised upwards. The healthy balance sheet might allow a new buyback program during FY 2024
14 Nov 2023
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Imperial Brands PLC (IMB:LON) | 1,813 -290.1 (-0.9%) | Mkt Cap: 15,665m
- Published:
14 Nov 2023 -
Author:
Davide Amorim -
Pages:
3
The FY 2023 performance was solid. Pricing was paramount to offset volume declines. The adjusted operating profit margin was up by 150bps, a sign that the strategic plan implemented following the arrival of the new CEO, Stefan Bomhard, is starting to yield results. We expect the consensus for FY 2024 to be revised upwards. The healthy balance sheet might allow a new buyback program during FY 2024