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Imperial Brands increases its 2018 interim dividend by 10%

Investment Tools Ltd.
Imperial Brands increases its 2018 interim dividend by 10%

Imperial Brands 2018 interim results

Marketing investment delivering further share growth in Growth Brands and priority markets

Total volumes continue to outperform industry; Growth Brand organic volumes up 1.6% and share up 100 bps

Significant progress in NGP: roll-out of myblu and proprietary innovation in vapour and heated tobacco

Adjusted results reflect difficult prior year trading environment; improving Q2 price/mix supports H2 growth

Reported operating profit includes the impact of the administration of the UK distributor Palmer & Harvey

Dividend growth of 10%, supported by cash conversion of 111%; expect 95% at FY

Strategic focus highlights capital reallocation opportunities, targeting proceeds of up to £2 billion

Companies mentioned

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