Tobacco giant Imperial Brands has said it is on track to deliver “a similar level” of profit and revenue as last year, despite the impact of its exit from Russia.
Bosses at the Bristol-headquartered company said it had produced a “resilient performance” in the first half of its current financial year, achieving a “stable” share in its five top markets, amid “robust” tobacco pricing. It added that it had stepped up the the rollout of its ‘next generation’ vaping products.
The board of the FTSE 100 firm - the maker of Gauloises and Davidoff cigarettes - said the trading was “in line” to meet its expectations of “low single-digit constant currency net revenue growth” in 2023, adding it expected operating profit growth to “accelerate” over the next three years. Last year Imperial Brands posted operating profits of £2.6bn - a 14.7% drop on 2021.
-copy-29e15046.jpeg?w=600)
