Imperial Tobacco sees revenue rise

rial

rial Tobacco expects revenues to be up around four per cent over the past year to end of September, with strong sales in Eastern Europe, Africa and the Middle East and Asia Pacific boosting profits.

The British group, which sells over 340bn cigarettes annually of brands such as Davidoff, Gauloises, JPS and West, expects volume to decline by up to three per cent, largely due to market weakness in Ukraine and Poland, as well as sanctions in Syria.

The cigarerre maker said brands such as Davidoff and Gauloises were expected to see strong volume and revenue gains, as they continued to represent a rising proportion of the group's overall cigarette volumes.

Imperial confirmed its financial position was in line with its expectations ahead of its annual results due to be published on 30 October.