Imperial Brands reiterates full-year guidance but warns of “more uncertain geopolitical and macro environment” amid Middle East conflict


Imperial Brands reiterates full-year guidance but warns of “more uncertain geopolitical and macro environment” amid Middle East conflict

Tobacco and next generation products giant Imperial Brands has reiterated its full-year guidance, with the listed business making a “positive start” to its 2030 transformation.

The company said its guidance was for low-single low-single-digit tobacco and double-digit NGP net revenue growth, three to five per cent group adjusted operating profit growth and at least high-single-digit earnings per share growth, all at constant currency, along with at least £2.2bn in free cash flow.

However, the group warned the conflict in the Middle East has resulted in a “more uncertain geopolitical and macro environment”. 

While it said there had been no material business impact to date, the potential future impact during the second half remains uncertain, adding it continues to monitor the situation.

The company reported a good start to its 2030 strategy, with strong momentum behind its execution and its transformation towards becoming a “more consumer-centric, data led, agile and efficient challenger”. 

During the first half, Imperial Brands began the implementation of our new long-term partnership with Capgemini and took further action to focus on its supply chain footprint, while continuing the rollout of its enterprise IT applications.

Bristol-headquartered Imperial Brands will announce its interim results for the six months ended 31 March 2026 on 12 May 2026.



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