A-Brands

Imperial Brands Reports 3.9% Rise In FY Revenue, Appoints New Chairman

By Donna Ahern
Imperial Brands Reports 3.9% Rise In FY Revenue, Appoints New Chairman

British tobacco company Imperial Brands posted slightly higher-than-expected full-year sales on Tuesday and appointed Thérèse Esperdy to succeed Mark Williamson as chairman.

The maker of Winston and Gauloises cigarettes said revenue from tobacco and next-generation products rose 3.9% to £7.99 billion (€9.25 billion) on a constant-currency basis.

Analysts on average were expecting revenue of £7.93 billion (€9.18 billion), a company-supplied consensus showed.

The fourth-largest tobacco company, which announced last month that its long-time CEO Alison Cooper was stepping down, reported adjusted earnings per share of 273.3 pence.

News by Reuters, edited by Donna Ahern, Checkout. Click subscribe to sign up for the Checkout print edition.

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