Winston Brand Boosted Imperial Tobaccos Shipments

January 13th, 2016 00:00

Imperial Tobacco entire tobacco volume dropped by 3.1 % to 285 billion stick equivalents during the 12 months ended September 2015 however operating revenue increased by 2.4 %, the company stated.

tobacco

The underlying volume decrease, which does not take into account the effect of the company’s 2014 stock optimization programme, constituted 5.6 %. “Iraq and Syria accounted for about 10bn sticks, over half of our underlying volume drop, which also consists of about 2 % positive effect from the purchase in the US, which added 5bn sticks,” Chief Financial Officer, Oliver Tant, stated in a presentation of the primary results.

Adjusted operating revenue raised by 2.4 % at GBP 3.05 billion (EUR 4.3 billion) in comparison to GBP 2.98 billion (EUR 4.18 billion) registered in 2014. Tobacco net profit dropped by 2.6 % to GBP 6.3 billion although at regular currency rates, it would have obtained 4.3 %.

Shipping volume of key brands, which involve such cigarette brands as Davidoff, Gauloises Blondes, JPS, West, Fine, News, USA Gold and Lambert & Butler have raised by 10.7 % to 145 billion stick equivalents in the fiscal year within 12 month to September 2015.

The company states its purchase of US assets, which also include cigarette brands like Winston, Salem and Kool, in June this year have increased growth. In the US market, tobacco net profit elevated by around 39.4 % or GBP 200 million, from GBP 507 million to GBP 707 million. “We produced great final results from our growth brands, outperforming the market with volume and share growth,” Chief Executive, Alison Cooper, added. "Our presence was considerably improved by the US purchase and the acquired brands demonstrated great results in the final quarter, preserving share.”

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