Imperial Brands sees annual earnings in line with expectations
Imperial Brands
2,352.00p
16:45 14/11/24
0.21%
5.00p
Tobacco company Imperial Brands said it was on track to deliver earnings in line with expectations and low single-digit constant currency net revenue growth.
FTSE 100
8,071.19
16:49 14/11/24
n/a
n/a
FTSE 350
4,459.02
16:38 14/11/24
n/a
n/a
FTSE All-Share
4,417.25
16:54 14/11/24
n/a
n/a
Tobacco
32,562.08
16:38 14/11/24
0.72%
232.03
The company on Thursday said strong combustible pricing was offset by temporarily increased volume declines against a prior period which benefited from Covid-related changes in buying patterns.
“We expect a stronger net revenue performance in the second half, supported by a normalisation of volume trends and price increases taken during the first half. As expected, our exit from Russia will result in first-half Group net revenue being slightly below last year on a constant currency basis,” Imperial said.
Reporting by Frank Prenesti for Sharecast.com