Imperial Brands (IMB)

Sector:

Tobacco

Index:

FTSE 100

2,509.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 2,521.00p
  • 52 Week Low: 1,666.00p
  • Currency: UK Pounds
  • Shares Issued: 839.52m
  • Volume: 2,640,918
  • Market Cap: £21,064m
  • RiskGrade: 154
  • Beta: 0.48

Imperial unveils £1.1bn buyback ahead of FY results

By Benjamin Chiou

Date: Thursday 05 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Tobacco giant Imperial Brands on Thursday announced a new bumper share buyback and said it was on track to hit forecasts this year.
The company said it will buy back £1.1bn in shares between 6 October 2023 and the end of September 2024, representing 8% of its share capital and a 10% increase on last year's buyback.

"This commitment forms part of an ongoing, multi-year buyback programme that will deliver a material reduction in the capital base over time, which, together with our progressive dividend policy, will provide an ongoing source of shareholder returns," Imperial said.

In a pre-close trading update for the fiscal year ended 30 September, the Lambert & Butlers and Golden Virginia maker said strong tobacco pricing has driven constant currency net revenue and adjusted operating profit growth.

On a constant currency basis, the company expects low single-digit growth in revenues even when accounting for its now-exited Russian business which contributed to the top line last year.

Group adjusted operating profit growth will come in at the lower end of the mid-single digit range, as previously guided to.

During the second half, Imperial said it saw an acceleration in growth in next generation product (NGP) revenues - heated tobacco, vapes and tobacco-free oral nicotine pouches - driven by strong growth in Europe.

Imperial said it has improved its market share across its top-five markets, marking three consecutive years of improved market share performance following several years of decline. Similar to the first half, the second half saw market share growth in the US, Spain and Australia, more than offsetting declines in Germany and the UK.

Meanwhile, gearing has improved, with net debt to EBITDA leverage expected to be around 2.0 for the year, slightly better than 2.0-2.5 range guided to at the half-year stage.

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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 2,509.00p
Change Today -5.00p
% Change -0.20 %
52 Week High 2,521.00p
52 Week Low 1,666.00p
Volume 2,640,918
Shares Issued 839.52m
Market Cap £21,064m
Beta 0.48
RiskGrade 154

Imperial Tobacco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
81.57% above the market average81.57% above the market average81.57% above the market average81.57% above the market average81.57% 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
91.88% above the market average91.88% above the market average91.88% above the market average91.88% above the market average91.88% 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
61.4% below the market average61.4% below the market average61.4% below the market average61.4% below the market average61.4% 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 5
Neutral 3
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 20-Feb-25 28-Nov-24
Paid 31-Mar-25 31-Dec-24
Amount 54.26p 54.26p

Trades for 21-Nov-2024

Time Volume / Share Price
16:14 0 @ 2,505.00p
16:14 0 @ 2,505.00p
16:14 0 @ 2,505.00p
16:14 0 @ 2,505.00p
16:14 0 @ 2,505.00p

Imperial Tobacco Key Personnel

Chair Therese Esperdy
CEO Stefan Bomhard
CFO Lukas Paravicini

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