Jan 15 2016

Imperial Tobacco’s Cigarette Shipments Down

Published by at 11:14 am under Tobacco companies

Imperial Tobacco’s volume shipments of cigarettes measured as ‘stick equivalents’ throughout the 12 months declined by 3.1 % in comparison to those of the 12 months for the same period.

While declaring its preliminary outcomes for the year to the end of September, the company stated that the underlying drop in shipments, which does not include the effect of its 2014 stock optimization program, constituted 5.6 %.

The underlying shipments of its growth brands, in the meantime, boosted by 7.1 %, mostly for the reason of its brand migration program.

“This was one more prosperous year for Imperial in which we further more toughened the business and enhanced our quality of growth,” stated chief executive, Alison Cooper.

“We gained superb results from our key brands, outperforming the market with volume and share development.

“Our presence was considerably improved by the US purchase and the obtained brands completed well in the ultimate quarter, retaining share. [In June, a branch of Imperial, ITG brands, obtained for around $7.1 billion from subsidiaries of Reynolds American the KOOL, Salem, Winston and Maverick cigarette brands, as well as the blu electronic cigarette brand and other possessions.]

“In other places, we preserved optimistic momentum in numerous key markets and improved our delivery in returns markets. “We noticed additional savings via our cost optimization programme, offering funds for investment and bettering our margins.

“Cash conversion increased by 97 %, promoting sustainable profits for shareholders with an additional 10 % dividend boost. “We proceed to provide against our tactical points and look ahead to building on these great results in the year ahead.”

Imperial revealed also that right after the US purchases, its stand-alone, non-tobacco subsidiary, Fontem Ventures, had concentrated on adding the blu team and merging its procedures in the Netherlands and the US.

‘Sales are at present concentrated on the USA, UK, Italy and France, major markets that between them represent about 80 % of the global e-vapour market,’ it added.

‘The blu brand proceeds to acquire traction in the UK and plans are being integrated to improve its position in the USA. ‘Fontem also persists to concentrate on developing and licensing a variety of patented technologies.

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