Nov 05, 2019 / 09:00AM GMT
Alison J. Cooper - Imperial Brands PLC - CEO & Executive Director
Good morning and welcome to our preliminary results presentation. I'm joined by Oliver Tant, Chief Financial Officer; Matthew Phillips, our Chief Development Officer. Mark Williamson, our Chairman, is also with us. And in the front row, we have Dominic Brisby, Director for Americas, Africa, Asia and Australasia; and Joerg Biebernick, Director for Europe.
There is no doubt this has been a challenging year. Results have been mixed. We performed well in places but underperformed in others, and that's disappointing. However, I think it's important to step back and consider 2019 in context.
Our Tobacco business has grown revenue by just over 1% and profits by around 2%, driven by a strong U.S. performance and resilience in Europe. This is in spite of a tough trading environment for our AAA division and a difficult year from a share perspective in 2 of our most profitable markets, Germany and the U.K.
Our tobacco value-creation model is very much intact. Tobacco continues to produce high-margin sales growth. And we
Full Year 2019 Imperial Brands PLC Earnings Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot