Pall Maker Maker’s Revenue Increased 4%

August 13th, 2013 00:00

British American Tobacco (BAT), Europe’s major cigarette manufacturer, stated that the first-half operating revenue increased 4 % as greater prices compensate dropping consumption.

Pall Mall

Altered revenue from operations rose to £2.94 billion, the London-based company stated in a report these days. That comes close with the £2.95 billion forecast of nine experts. Sales increase, not including currency changes, constituted 4 %, guided by pricing as volume slipped 3.2 %. John Daly will resign from his post as chief operating officer already at the end of this year, according to the company's estimates. “We demonstrated positive results during the 1Q of the year with solid pricing momentum, raised market share and ongoing increase in our worldwide key brands, fortifying the fundamentals for one more year of great results,” Chief Executive Officer Nicandro Durante stated in the report.

The manufacturer of Lucky Strike, Vogue, Dunhill and Pall Mall cigarettes is improving the advancement of alternative nicotine products despite stricter government restrictions on cigarette use. It began selling Vype e-cigarettes online in the UK these days and is looking for endorsement for one more alternative product that could be launched on the market in the coming year.

BAT looks at smoking alternatives “as an essential growing area” representative Richard Burrows stated investors at the yearly conference that took place on April 25. The stock increased 0.6 % to about 3,481.50 pence. The revenue increase was pushed by the Asia-Pacific and Eastern Europe, Middle East and Africa regions, which both raised by 7 % at present rates in the interval, accompanied by a 3 per cent boost in Western Europe and a 1 % decline in the Americas. The manufacturer also obtained a success after pleading against the launch of plain packaging in the UK.
Australia is considered the first country to implement plain cigarette packaging. All cigarettes in the country should be sold in plain packages with the brand name moved to the bottom quarter of the package on a brownish background.

BAT’s Australian division on July 22 questioned the results of a health charity’s study that plain packaging decreases the attractiveness of cigarettes and boosts the wish to quit.

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