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  • Author Topic: Cigarette sales cool at Imperial Brands  (Read 12 times)

    cigspriced

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    Cigarette sales cool at Imperial Brands
    « on: 02 August 2020, 11:38:46 AM »
    Guidance for the maker of Gauloises and Winston cigarettes remains on track for the full year but management admitted in a trading update that sales in thefirst half had been "driven primarily by a deterioration in industry volumes following strong industry volumes last year" [You are not allowed to view links. Register or Login].

    Imperial said that for the half-year ending in March, the selling price of its cigarettes and the mix of sales from various price points was flat on the prior year [You are not allowed to view links. Register or Login].

    Management announced in November a plan to invest £300m in 2017 inits "growth and specialist brands divisions". The former divisionincludesDavidoff andLambert Butler cigarettes [You are not allowed to view links. Register or Login], while the latter includes premium cigars and e-cigarettes.

    "The early results of our investment programme are encouraging [You are not allowed to view links. Register or Login], with improved market share trends in many of our priority markets," Imperialsaid.

    The investment is predominantly being made in the first half, resulting in lower revenue and profit on a constant currency basis [You are not allowed to view links. Register or Login], but the second half is expected to be stronger.

    In January Imperial backed down in the face of a shareholder rebellion against plans for major pay hikes for its top bosses.

    Imperial had planned an increase in the maximum bonus payable to chief executive Alison Cooper, from three-and-a-half times her base salary to a pot four-and-a-half times its size [You are not allowed to view links. Register or Login].
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