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Imperial Brands PLC Registered (ITB.SG)

Stuttgart - Stuttgart Delayed Price. Currency in EUR
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15.53-0.36 (-2.27%)
At close: 4:50PM CET
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  • Will The ROCE Trend At Imperial Brands (LON:IMB) Continue?
    Simply Wall St.

    Will The ROCE Trend At Imperial Brands (LON:IMB) Continue?

    There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...

  • Coronavirus saw people swapping e-cigarettes for tobacco, helping boost sales
    Yahoo Finance UK

    Coronavirus saw people swapping e-cigarettes for tobacco, helping boost sales

    Cigarette company Imperial Brands’ full-year results have revealed a change of the habits of smokers, with a shift from e-cigarettes to tobacco.

  • Imperial Brands Forecasts Return to Profit Growth This Year
    Bloomberg

    Imperial Brands Forecasts Return to Profit Growth This Year

    (Bloomberg) -- Imperial Brands Plc forecast a return to profit growth this fiscal year as tobacco prices remain strong and its vaping business reduces its losses.Operating profit should rise at a low- to mid-single-digit percentage growth rate on an adjusted and organic basis in the 12 months through September 2021, the maker of West cigarettes said. Adjusted operating profit fell 4.8% in the most recent fiscal year, in line with analysts’ estimates.Key InsightsThe ability to raise prices on tobacco is helping Imperial navigate the pandemic. The maker of Kool cigarettes raised prices by 6.7%, especially in the U.S., Australia, Germany and the U.K. Still, some shifts by smokers to cheaper products means the net impact was a 3.9% boost.The maker of Blu vaping products will need to find ways to revive sales of its cigarette alternatives -- seen broadly as key future growth drivers -- after revenue in that category slumped 27%, falling further behind larger competitors. Imperial managed to reduce the loss a bit in the second half, but reaching break-even will take more time.New Chief Executive Officer Stefan Bomhard is conducting a strategic review and plans to update investors on his plans to revive the tobacco and smoking substitute businesses on Jan. 27.Market ReactionThe shares fell 2% as of 8:01 a.m. London time Tuesday. They have gained 3.4% in the past month.Get MoreSee the details.Read the statement.(Updates with shares)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.