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

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Imperial Brands : Posts FY17 Pretax Profit Rise

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11/07/2017 | 09:07am CET

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 8 692 M
EBIT 2018 3 583 M
Net income 2018 2 015 M
Debt 2018 11 945 M
Yield 2018 6,17%
P/E ratio 2018 13,82
P/E ratio 2019 12,84
EV / Sales 2018 4,72x
EV / Sales 2019 4,62x
Capitalization 29 113 M
Chart IMPERIAL BRANDS
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Imperial Brands Technical Analysis Chart | IMB | GB0004544929 | 4-Traders
Technical analysis trends IMPERIAL BRANDS
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 37,6  GBP
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
Alison J. Cooper Chief Executive Officer & Executive Director
Mark D. Williamson Non-Executive Chairman
Oliver Reginald Tant Chief Financial Officer & Executive Director
Walter Prinz Director-Manufacturing, Research & Development
Matthew Robert Phillips Executive Director & Chief Development Officer
Sector and Competitors
1st jan.Capitalization (M$)
IMPERIAL BRANDS-13.93%38 466
PHILIP MORRIS INTERNATIONAL12.19%159 421
BRITISH AMERICAN TOBACCO7.83%151 019
SWEDISH MATCH11.15%6 913
ESSENTRA10.30%1 767
PHILIP MORRIS CR, A.S.--.--%1 430