Imperial Tobacco Group PLC Preliminary Results for the twelve months ended 30 September 2012
Sales Growth Momentum
High quality growth through Total Tobacco
- Tobacco net revenue up 4 per cent; stick equivalent volumes declined 2.7 per cent
- Excellent tobacco net revenue growth across our portfolio
- + 13 per cent key strategic brands: Davidoff; Gauloises Blondes; West and JPS
- + 13 per cent fine cut tobacco
- + 10 per cent premium cigars
- + 46 per cent snus
High margin profits
- Tobacco adjusted operating margin maintained at 42 per cent
- 8 per cent adjusted earnings per share growth
- Strategic investments driving quality growth
Maximising shareholder returns
- Returns to shareholders increased by 41 per cent in the year to £1.5 billion
- Full year dividend up 11 per cent; ongoing increase in payout ratio to 52.5 per cent
- £528 million shares bought; annualised £500 million share buyback ongoing
Spanish goodwill
- Non-cash impairment of £1.2 billion due to further deterioration in Spanish economic indicators; Spanish adjusted operating profit up 6 per cent
