ITG released its FY results. Tobacco's net revenue at constant FX rose by 4.3% and was down 2.6% on a reported basis (-6.9% FX effect). By market, Growth markets' underlying net revenue was down 2.5% (+4.5% excluding Iraq and Syria), whereas Return markets recorded +2.8% in underlying net revenue. The US (reported separately from Growth markets) recorded +39.4% in underlying net revenue following the completion of the acquisition of assets from Reynolds American. FY15 volumes were down 3% and
03 Nov 2015
FY results in line with expectations; US offsets the Iraq and Syria drag
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FY results in line with expectations; US offsets the Iraq and Syria drag
Imperial Brands PLC (IMB:LON) | 1,775 248.5 0.8% | Mkt Cap: 15,391m
- Published:
03 Nov 2015 -
Author:
Anna Zyniewicz -
Pages:
2
ITG released its FY results. Tobacco's net revenue at constant FX rose by 4.3% and was down 2.6% on a reported basis (-6.9% FX effect). By market, Growth markets' underlying net revenue was down 2.5% (+4.5% excluding Iraq and Syria), whereas Return markets recorded +2.8% in underlying net revenue. The US (reported separately from Growth markets) recorded +39.4% in underlying net revenue following the completion of the acquisition of assets from Reynolds American. FY15 volumes were down 3% and