Imperial Brands Sees 1st Half Profit Around Flat on Year; On Track to Meet Full-Year Guidance
13 4월 2023 - 3:58PM
Dow Jones News
By Kyle Morris
Imperial Brands PLC said Thursday that it is on track to meet
full-year guidance and that first-half adjusted group operating
profit should be similar on year on a constant-currency basis.
The tobacco group said that, excluding the impact of its exit
from Russia, first-half group net revenue is seen at a similar
level to the prior-year period at constant currency, with strong
combustible pricing offset by volume declines as the prior period
benefited from Covid-19-related changes in buying patterns. It sees
a stronger net revenue performance in the second half, driven by
normalization of volume trends.
For the full year, it sees low single-digit constant currency
net revenue growth, in line with expectations.
First-half group adjusted operating profit is expected to be at
a similar level to last year on a constant currency basis.
Aggregate share in its top-five markets at the half year is
anticipated at a similar level to the prior period. The U.S., Spain
and Australia are anticipated to show growing or stable market
share, offsetting declines in Germany and the U.K.
First-half next generation products revenue is expected ahead of
the prior period, driven by strong growth in Europe.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
April 13, 2023 02:43 ET (06:43 GMT)
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