24 jul: Aktier/tendens: Nervøst marked, men måske et nøk op
24 jul: Obligationer/åbning: Stort set uændret åbning
24-07-2012 08:31:00

Imperial Tobacco Revenue Rises But Volumes Fall

Relateret indhold

By Simon Zekaria

LONDON--Imperial Tobacco Group PLC (IMT.LN) Tuesday posted a rise in revenue, boosted by price increases, but strong demand in emerging markets wasn't enough to avert a fall in volumes.

The world's No. 4 global tobacco group by sales said it is trading in line with expectations, posting a 3% rise in tobacco revenue in the nine months to June 30 on a constant currency basis.

Still, total stick volumes, which combine cigarette and fine-cut tobacco, fell 3% in the same period. For the beleaguered Spanish market, the decline was 11%.

"Challenging conditions persist in some markets, but we have a strong record of delivering growth in this environment and remain in a good position to continue maximizing value for shareholders," said Chief Executive Alison Cooper.

Imperial is building its position in developing economies such as Eastern Europe, Africa, the Middle East and Asia to offset a slowdown in developed markets, where consumers are struggling with tough economic conditions.

Smokers in developed markets are switching to low-cost brands as tax increases, spending cuts, unemployment and inflationary pressures squeeze discretionary spending, particularly in Europe.

The trend is also affecting Imperial's rivals. Market leader Philip Morris International Inc. (PM) last week reported a 3.8% fall in second-quarter net profit, attributed partly to weaker volumes in debt-laden Europe. And in March, British American Tobacco PLC (BATS.LN) recorded a slight fall in full-year volumes, even as profit went up. BAT is due to report its first-half earnings on Wednesday.

Like its peers, Bristol, England-based Imperial has offset soft volumes with price increases in selected markets to maintain and build profit margins.

The company's first-half net profit, reported in May, was hit by higher taxation and one-off finance items. It is targeting a full-year dividend payout ratio ahead of adjusted earnings-per-share growth.

Imperial Tobacco shares closed Monday at 2,449 pence, valuing the company at GBP24.3 billion.

Write to Simon Zekaria at simon.zekaria@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

July 24, 2012 02:31 ET (06:31 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Dong-topchef om salg af oliedivision: Den samlede pris er rigtig fin

24-05-2017 16:33:25
Flere iagttagere har kaldt salgsprisen for Dongs olie- og gasforretning lav, men hos energiselskabet selv mener man, at prisen er rigtig god, når man ser på det samlede regnestykke.Sådan lyder det fra Dongs administrerende direktør, Henrik Poulsen, efter at selskabet onsdag har gjort klar til et salg til den britiske kemikoncern Ineos.- Vi har fået en rigtig fin pris for forretningen. Vi har fået ..

Nordex-Acciona/dir: Har rigtig godt momentum i USA

24-05-2017 12:06:06
Den tyske vindmølleproducent Nordex, der for nylig overtog Acciona Windpower, har USA som et af nøglemarkederne, hvor selskabet venter at kunne fortsætte væksten fra et travlt 2017.- Vi har et rigtigt godt momentum i markedet, og i år kommer vil til at installere tæt ved 800 megawatt i USA siger Thomas Donoghue, som er salgschef for Nordex-Acciona på det nordamerikanske marked, til Ritzau Finans p..

Aktier/åbning: Salg af oliebiks sender Dong op i lyserødt marked

24-05-2017 09:07:05
Lige da alt så ud til at være ganske fredeligt før åbningen af det danske aktiemarked onsdag før den lange weekend, strøg Dong i fokus med nyheden om, at olie- og gasforretningen bliver solgt til kemivirksomheden Ineos.Dong satte forretningsdelen til salg i efteråret, og Dong har selv flere gange sagt, at et frasalg var ventet i løbet af 2017. Prisen kan løbe op i 8,7 mia. kr. og ændrer ikke ved 2..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Relaterede aktiekurser

Philip Morris Internatio.. 119,83 0,3% Stigning i aktiekurs
British American Tobacco.. 5.587,69 1,7% Stigning i aktiekurs
Philip Morris Intl 105,45 0,7% Stigning i aktiekurs
Philip Mrrs Int-Wi 111,20 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
28. maj 2017 16:36:41
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20170517.1 - EUROWEB7 - 2017-05-28 16:36:41 - 2017-05-28 16:36:41 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x