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BRIEF-Imperial Brands says on track to meet FY expectations
September 29, 2016 / 6:16 AM / a year ago

BRIEF-Imperial Brands says on track to meet FY expectations

Sept 29 (Reuters) - Imperial Brands Plc

* Trading statement

* At current exchange rates, we expect currency translation to benefit full year earnings by c. 4-5 pct

* Full year impact of currency transaction on earnings remains at around 3 pct for full year

* Have delivered strong growth in reported tobacco net revenue for year driven by us acquisition and benefit of currency translation

* Full year trend for total tobacco volumes and operating profit margin is broadly in line with first half

* Our cost optimisation programme is on track to deliver targeted savings and cash conversion remains strong

* In returns markets, our priority has remained on managing share and profit; benefit from price increases has been offset by a combination of adverse mix

* On track to meet full year expectations at both constant currency and reported exchange rates Source text for Eikon: Further company coverage:

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