Imperial Brands’ (IMB LN, BUY, T/P 5100p) interim results were in line with both our own and market expectations. Moreover, the company reconfirmed its expectations for the full year. Tobacco net revenue was in line with VUMA onsensus at £3.7bn (-5.5.% in constant currency). Volume fell 5.7% to 126bn sticks, which was slightly below both Whitman Howard and consensus. There is an analyst meeting and webcast at 9.00am today
03 May 2017
Smoke still rising
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Smoke still rising
Imperial Brands PLC (IMB:LON) | 1,773 452.1 1.5% | Mkt Cap: 15,320m
- Published:
03 May 2017 -
Author:
Chris Wickham -
Pages:
4
Imperial Brands’ (IMB LN, BUY, T/P 5100p) interim results were in line with both our own and market expectations. Moreover, the company reconfirmed its expectations for the full year. Tobacco net revenue was in line with VUMA onsensus at £3.7bn (-5.5.% in constant currency). Volume fell 5.7% to 126bn sticks, which was slightly below both Whitman Howard and consensus. There is an analyst meeting and webcast at 9.00am today