BRISTOL (dpa-AFX) - Imperial Brands Plc (IMB.L, IMBBF.PK, IMBBY.PK), on Thursday, announced that it is on track to report full-year results in line with expectations and its guidance of low single-digit constant currency net revenue growth.
Over the next three years, the company continues to expect operating profit growth to accelerate to a mid-single digit CAGR at constant currency.
Excluding the impact of the company's exit from Russia last year, its first-half Group net revenue is expected to be at a similar level to last year at constant currency, with strong combustible pricing offset by temporarily increased volume declines against a prior period which benefited from COVID-related changes in buying patterns.
Further, Imperial Brands expects a stronger net revenue performance in the second half, supported by a normalisation of volume trends and price increases taken during the first half.
At current exchange rates, translation foreign exchange is expected to be a c. 6.5 per cent tailwind on first-half earnings per share and a c. 2.5-3.5 per cent tailwind on full-year earnings per share.
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