Imperial Brands PLC (LSE:IMB)
£ 26.09 -0.24 (-0.91%) Market Cap: 21.81 Bil Enterprise Value: 30.40 Bil PE Ratio: 8.73 PB Ratio: 4.06 GF Score: 57/100
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Full Year 2024 Imperial Brands PLC Earnings Call Transcript

Nov 19, 2024 / 09:00 AM GMT
Release Date Price: £24.75 (+3.08%)

Key Points

Positve
  • Imperial Brands PLC (IMBBF) reported a 4.6% growth in net revenue, driven by strong performance in both tobacco and next-generation products (NGP).
  • The company achieved a 10.9% growth in earnings per share, supported by rising profits and a share buyback program that retired 11% of share capital since 2022.
  • Imperial Brands PLC (IMBBF) has seen significant growth in its NGP segment, with revenue up in all three regions and categories, leading to reduced losses.
  • The company has successfully stabilized or grown market share in its five priority markets, demonstrating effective brand strengthening and sales execution.
  • Imperial Brands PLC (IMBBF) has committed to returning £10 billion to shareholders through buybacks and dividends over the five-year strategy period, reflecting strong cash generation and shareholder focus.
Negative
  • The US market remains challenging due to market volume declines, although these were offset by strong pricing.
  • Despite improvements, the NGP business still represents a single-digit percentage of overall net revenue, indicating room for growth compared to larger competitors.
  • The company faces potential headwinds from foreign exchange translation, expected to be a 1-2% headwind to profit.
  • There is ongoing pressure in the Australian market due to high excise taxes and increased illicit trade, impacting the legal market size.
  • Imperial Brands PLC (IMBBF) acknowledges that the benefits of its transformation are still to come, indicating that full potential has not yet been realized.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IMB.L - Imperial Brands PLC
Full Year 2024 Imperial Brands PLC Earnings Call
Nov 19, 2024 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning to everyone and welcome to our results presentation for FY24 and especially, I want to thank all of you coming here on this very snowy London day. So it's great to see you. But I also want to say a warm welcome to any of the people who are watching us online.

And as usual, I would like to draw your attention to this disclaimer before I introduce the team and outline the agenda for today.

I'm joined by Lucas Parein, who you hopefully know by now. And Peter Durman, our head of Investor Relations and I will start by highlighting some key points from today's strong results.

Then Loers will outline our financial performance and give our outlook for the coming fiscal year.

And then I
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