Imperial Tobacco Group PLC (ITYBY: OTC Link) | TRADING UPDATE

TRADING UPDATE

Sep 21, 2011

OTC Disclosure News Service

Bristol, United Kingdom –

 

TRADING UPDATE

 

Imperial Tobacco Group PLC (Imperial Tobacco) confirms that the overall anticipated financial performance and position of the Group for the financial year to 30 September 2011 remains in line with the Board’s expectations.

 

We continue to focus on driving growth through our total tobacco portfolio in EU and non-EU markets. Tobacco net revenues* are expected to be up around 2 per cent with particularly strong performances in our Eastern Europe, Asia-Pacific and Rest of EU regions. Stick equivalent volumes are expected to decline around 2 per cent. Excluding Spain and the impact of a change in timing of a price increase in the UK, Tobacco net revenues are expected to increase by around 3 per cent and stick equivalent volumes to decline by less than 1 per cent.

 

In Spain, recent price increases will benefit our Tobacco and Logistics operations. These benefits will offset the impact of the change in timing of the UK price increase.

 

Imperial Tobacco expects to release its results for the year ending 30 September 2011 on Tuesday 1 November 2011.

 

*At constant currency

 

 

 

Enquiries

Gerry Gallagher (Director of Investor Communications)

Telephone: +44 (0) 117 933 7014

 

Grant Edmunds (Investor Relations Manager)

Telephone: +44 (0) 117 933 7117

 

Alex Parsons (Head of Corporate Communications)

Telephone: +44 (0) 117 933 7241

 

Simon Evans (Group Press Officer)

Telephone: +44 (0) 117 933 7375

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/ITYBY/news?id=35840

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