FY preliminary update: Tobacco’s net revenue is up +9.7% at constant currencies and +14.7% on a reported basis (FX: +5% positive impact of the weakening pound). FY Tobacco volumes were down 3% (Iraq & Syria impact of -1.5%) but Growth Brands volumes rose +4.3% (and recorded +10.1% revenue growth at constant FX and a +50bp market share gain). By market, Growth markets’ net revenue at constant FX grew +4.3% (+8% excluding Iraq & Syria), whereas Return markets recorded -2.7%
08 Nov 2016
Delivers good FY; launches £300m of investments and phase 2 of cost savings programme
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Delivers good FY; launches £300m of investments and phase 2 of cost savings programme
Imperial Brands PLC (IMB:LON) | 1,806 -18.1 (-0.1%) | Mkt Cap: 15,604m
- Published:
08 Nov 2016 -
Author:
Anna Zyniewicz -
Pages:
3
FY preliminary update: Tobacco’s net revenue is up +9.7% at constant currencies and +14.7% on a reported basis (FX: +5% positive impact of the weakening pound). FY Tobacco volumes were down 3% (Iraq & Syria impact of -1.5%) but Growth Brands volumes rose +4.3% (and recorded +10.1% revenue growth at constant FX and a +50bp market share gain). By market, Growth markets’ net revenue at constant FX grew +4.3% (+8% excluding Iraq & Syria), whereas Return markets recorded -2.7%