Imperial Brands (formerly Imperial Tobacco) released its Q1 trading update: tobacco's net revenue at constant FX grew +16.6% (+10% on reported figures). On an organic basis (excluding FX and the US acquisition), tobacco's net revenue grew +2%, or +4.3% excluding the negative impact of Iraq and Syria. Total tobacco volumes were down 3% and -9% on an organic basis (-4% attributed to Iraq and Syria). Growth markets reported net revenue down 2.5% (+7.2% excluding Syria & Iraq driven by the bl
11 Feb 2016
Q1 looks good
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Q1 looks good
Imperial Brands PLC (IMB:LON) | 1,716 0 0.0% | Mkt Cap: 14,827m
- Published:
11 Feb 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Imperial Brands (formerly Imperial Tobacco) released its Q1 trading update: tobacco's net revenue at constant FX grew +16.6% (+10% on reported figures). On an organic basis (excluding FX and the US acquisition), tobacco's net revenue grew +2%, or +4.3% excluding the negative impact of Iraq and Syria. Total tobacco volumes were down 3% and -9% on an organic basis (-4% attributed to Iraq and Syria). Growth markets reported net revenue down 2.5% (+7.2% excluding Syria & Iraq driven by the bl