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Imperial Brands Trading Statement

Practical discussions about equity High-Yield Portfolios (HYP) for income
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idpickering
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Imperial Brands Trading Statement

#42455

Postby idpickering » March 30th, 2017, 5:16 pm

Imperial Brands PLC today issues the following trading update ahead of its close period on 1 April 2017.


We confirm we are on track to meet earnings expectations for the half year results at both constant currency and reported exchange rates.



As we announced in November, we are driving an even sharper focus behind our four strategic priorities to further strengthen the business. To support this, we are investing an additional £300m in 2017 behind our Growth and Specialist Brands and in key markets to drive revenue growth over the medium-term. We have also codified our Market Repeatable Model, a consistent 'go to market' approach for winning in market, which is being embedded across our footprint and determines our investment priorities. The early results of our investment programme are encouraging, with improved market share trends in many of our priority markets.



First half revenues and earnings per share are expected to be up strongly at actual exchange rates, driven by the benefit of currency translation. We expect a currency translation benefit on net revenue and profit of about 13-14%, at current exchange rates."

http://www.investegate.co.uk/imperial-b ... 00069605A/

One of my mainstays in my HYP, and alongside British American Tobacco, they form 10.3% in capital value of the 26 share HYP.

Regards,

Ian.

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Re: Imperial Brands Trading Statement

#42502

Postby nk104 » March 30th, 2017, 9:08 pm

Just keeps delivering doesn't it. And a dividend tomorrow too.

idpickering
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Re: Imperial Brands Trading Statement

#42525

Postby idpickering » March 31st, 2017, 6:39 am

nk104 wrote:Just keeps delivering doesn't it. And a dividend tomorrow too.


It certainly does. I've no intention of selling, if ever. Same can be said about BATS too, on both accounts.

Ian.


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