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IMB Imperial Brands Plc

1,770.00
14.00 (0.80%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Imperial Brands Plc LSE:IMB London Ordinary Share GB0004544929 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  14.00 0.80% 1,770.00 1,774.50 1,775.00 1,776.50 1,756.50 1,760.00 2,345,051 16:35:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cigarettes 32.48B 2.33B 2.6392 6.72 15.65B

Imperial Brands PLC Trading Statement (9605A)

30/03/2017 7:00am

UK Regulatory


Imperial Brands (LSE:IMB)
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TIDMIMB

RNS Number : 9605A

Imperial Brands PLC

30 March 2017

IMPERIAL BRANDS PLC

Pre-Close Trading Update

30 March 2017

Imperial Brands PLC today issues the following trading update ahead of its close period on 1 April 2017.

We confirm we are on track to meet earnings expectations for the half year results at both constant currency and reported exchange rates.

As we announced in November, we are driving an even sharper focus behind our four strategic priorities to further strengthen the business. To support this, we are investing an additional GBP300m in 2017 behind our Growth and Specialist Brands and in key markets to drive revenue growth over the medium-term. We have also codified our Market Repeatable Model, a consistent 'go to market' approach for winning in market, which is being embedded across our footprint and determines our investment priorities. The early results of our investment programme are encouraging, with improved market share trends in many of our priority markets.

First half revenues and earnings per share are expected to be up strongly at actual exchange rates, driven by the benefit of currency translation. We expect a currency translation benefit on net revenue and profit of about 13-14%, at current exchange rates.

As expected, the phasing of the GBP300m increased investment is biased to the first half, resulting in lower revenue and profit on a constant currency basis, with a stronger second half performance. First half revenues are driven primarily by a deterioration in industry volumes following strong industry volumes last year, while price/mix is flat on last year, as previously guided.

Our guidance for full year earnings is unchanged.

The half year results to 31 March 2017 will be announced on 3 May 2017.

ENDS

 
 Investor Contacts             Media Contacts 
                 +44 (0)7970                  +44 (0)7967 
 Peter Durman     328 903      Alex Parsons    467 241 
                 +44 (0)117                   +44 (0)7967 
 Matt Sharff      933 7396     Simon Evans     467 684 
 

Cautionary Statement

Certain statements in this announcement constitute or may constitute forward-looking statements. Any statement in this announcement that is not a statement of historical fact including, without limitation, those regarding the Company's future expectations, operations, financial performance, financial condition and business is or may be a forward-looking statement. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected or implied in any forward-looking statement. These risks and uncertainties include, among other factors, changing economic, financial, business or other market conditions. These and other factors could adversely affect the outcome and financial effects of the plans and events described in this announcement. As a result, you are cautioned not to place any reliance on such forward-looking statements. The forward-looking statements reflect knowledge and information available at the date of this announcement and the Company undertakes no obligation to update its view of such risks and uncertainties or to update the forward-looking statements contained herein. Nothing in this announcement should be construed as a profit forecast or profit estimate and no statement in this announcement should be interpreted to mean that the future earnings per share of the Company for current or future financial years will necessarily match or exceed the historical or published earnings per share of the Company. This announcement has been prepared for, and only for the members of the Company, as a body, and no other persons. The Company, its Directors, employees, agents or advisers do not accept or assume responsibility to any other person to whom this announcement is shown or into whose hands it may come and any such responsibility or liability is expressly disclaimed.

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTGUGDXSDXBGRG

(END) Dow Jones Newswires

March 30, 2017 02:00 ET (06:00 GMT)

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