Imperial Brands (IMB)

Sector:

Tobacco

Index:

FTSE 100

1,770.00p
   
  • Change Today:
      14.00p
  • 52 Week High: 2,000.00
  • 52 Week Low: 1,580.00
  • Currency: UK Pounds
  • Shares Issued: 867.05m
  • Volume: 1,749,353
  • Market Cap: £15,347m
  • RiskGrade: 154

Imperial Brands FY profit falls after hit from Russia

By Frank Prenesti

Date: Tuesday 15 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Imperial Brands on Tuesday reported a sharp fall in full-year profits as it took a £463m hit from its exit from Russia.
The maker of Gauloises cigarettes said operating profit for the year to September 30 fell 14.7% to £2.68bn as revenues slipped 0.7% £32.5bn on currency volatility .

Tobacco revenues rose 1.3% to £7.59bn and next generation products such as vapes rose a 10.8% to £208m. Reported pre-tax profits fell to £2.6bn from £3.2bn the previous year.

Chief executive Stefan Bomhard said acceleration profit growth next year would be driven by "pricing and operational gearing, improved geographic mix from our priority market focus and cost savings, partially offset by cost inflation and increased next generation product (NGP) investment".

"Performance will be weighted to the second half of the year due to the phasing of NGP investment, the impact of our exit from Russia in April 2022, and the continued unwind of COVID-19 that will all affect the first half."

"As a result, the first half adjusted operating profit is expected to be at a similar level to last year, at constant currency."

The group said it was well placed to cope with wider economic headwinds in the UK and worldwide and that growth in underlying earnings should rise within a "mid-single digit" range over the next three years.

Imperial added that it expected a boost from the weakness of the pound, which would see it benefit from exchange rates on its international earnings, with foreign exchange movements expected to flatter sales and earnings by 5-6% over the year ahead.

The dividend payout was lifted by 1.5% to 141.7p a share in a further boost to investors after it last month announced the launch of its share buyback programme. It will buy back up to £1bn of shares until the end of September next year, bringing total capital returns over 2022-23 to more than £2.3bn.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Imperial Tobacco Market Data

Currency UK Pounds
Share Price 1,770.00p
Change Today 14.00p
% Change 0.80 %
52 Week High 2,000.00
52 Week Low 1,580.00
Volume 1,749,353
Shares Issued 867.05m
Market Cap £15,347m
RiskGrade 154

Imperial Tobacco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.24% above the market average61.24% above the market average61.24% above the market average61.24% above the market average61.24% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
33.71% above the market average33.71% above the market average33.71% above the market average33.71% above the market average33.71% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
96.72% above the market average96.72% above the market average96.72% above the market average96.72% above the market average96.72% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
64.56% below the market average64.56% below the market average64.56% below the market average64.56% below the market average64.56% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 4
Sell 1
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Imperial Tobacco Dividends

  Latest Previous
  Final 3rd Interim
Ex-Div 15-Feb-24 23-Nov-23
Paid 28-Mar-24 29-Dec-23
Amount 51.82p 51.82p

Trades for 28-Mar-2024

Time Volume / Share Price
16:40 395,282 @ 1,769.92p
16:35 810,485 @ 1,770.00p
16:35 2,319 @ 1,770.00p
16:35 3,708 @ 1,770.00p
16:35 895 @ 1,770.00p

Imperial Tobacco Key Personnel

Chair Therese Esperdy
CEO Stefan Bomhard
CFO Lukas Paravicini

Top of Page