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Evening Standard
Evening Standard
Business
Michael Hunter

Russian withdrawal hits Imperial Brands but annual profit stays near £3 billion

Imperial has reopened its Kyiv factory that makes the Davidoff cigarette brand

(Picture: Getty Images)

Imperial Brands, the maker of John Player Special and Gauloises cigarettes, has taken a hit from its withdrawal from Russia, reporting drop of almost 15% in annual profit, which still came in at almost £2.7 billion.

It claims to be the only major tobacco company to have fully withdrawn from the country after Moscow’s invasion of Ukraine, where it has reopened its Kyiv factory, which makes Davidoff cigarettes and employs 600 people.

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