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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Imperial Brands    IMB   GB0004544929

IMPERIAL BRANDS (IMB)
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Imperial Brands : Posts FY17 Pretax Profit Rise

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11/07/2017 | 09:07am CEST

By Adam Clark

Imperial Brands PLC (IMB.LN) said Tuesday that its fiscal 2017 pretax profit rose on the back of reduced finance costs and net revenue growth that topped analysts' forecasts.

The tobacco company made a profit of 1.86 billion pounds ($2.44 billion) for its financial year ended Sept. 30, up from GBP907 million the year before after benefiting from substantially lower finance costs.

Stripping out such costs, Imperial Brands' operating profit increased to GBP2.28 billion from GBP2.23 billion.

Net tobacco revenue--deducting duty and similar items--amounted to GBP7.76 billion, up from GBP7.17 billion in fiscal 2016. Consensus forecasts had seen revenue of GBP7.70 billion.

The company said that increased investment impacted its current-year revenue and profit figures, but that it sees improved sales going forward from both tobacco and next-generation products.

Imperial Brands expects to roll out e-vapor launches and consumer trials of heated-tobacco products in the current financial year.

In fiscal 2017, total tobacco volume fell 4.1% to 265.2 billion stick-equivalents--a measure of the amount of tobacco in a single cigarette. However, Imperial Brands said its growth brands increased sales by 5.5%, with an 80-basis-point improvement in market share.

Imperial Brands declared a full-year dividend per share of 170.7 pence, up from 155.2 pence. The company said it continues to target growth in constant-currency revenue and in earnings per share within its medium-term guidance.

Write to Adam Clark at [email protected]; @AdamDowJones

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Financials ( GBP)
Sales 2018 8 524 M
EBIT 2018 3 657 M
Net income 2018 1 787 M
Debt 2018 11 915 M
Yield 2018 7,81%
P/E ratio 2018 11,24
P/E ratio 2019 10,28
EV / Sales 2018 4,09x
EV / Sales 2019 4,00x
Capitalization 22 914 M
Chart IMPERIAL BRANDS
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Imperial Brands Technical Analysis Chart | IMB | GB0004544929 | 4-Traders
Technical analysis trends IMPERIAL BRANDS
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 31,8  GBP
Spread / Average Target 33%
EPS Revisions
Managers
NameTitle
Alison J. Cooper Chief Executive Officer & Executive Director
Mark D. Williamson Chairman
Oliver Reginald Tant Chief Financial Officer & Executive Director
Walter Prinz Director-Group Manufacturing, R&D
Matthew Robert Phillips Executive Director & Chief Development Officer
Sector and Competitors
1st jan.Capitalization (M$)
IMPERIAL BRANDS-24.12%31 953
PHILIP MORRIS INTERNATIONAL-20.80%130 995
BRITISH AMERICAN TOBACCO-25.18%118 784
SWEDISH MATCH15.63%8 045
ESSENTRA-17.73%1 603
TURNING POINT BRANDS INC-1.28%398