Imperial Brands PLC (OTCPK:IMBBY)
$ 23.645 -0.035 (-0.15%) Market Cap: 20.39 Bil Enterprise Value: 31.66 Bil PE Ratio: 7.45 PB Ratio: 2.79 GF Score: 72/100

Full Year 2019 Imperial Brands PLC Earnings Call Transcript

Nov 05, 2019 / 09:00AM GMT
Release Date Price: $22.53 (+0.63%)
Alison J. Cooper
Imperial Brands PLC - CEO & Executive Director

Good morning and welcome to our preliminary results presentation. I'm joined by Oliver Tant, Chief Financial Officer; Matthew Phillips, our Chief Development Officer. Mark Williamson, our Chairman, is also with us. And in the front row, we have Dominic Brisby, Director for Americas, Africa, Asia and Australasia; and Joerg Biebernick, Director for Europe.

There is no doubt this has been a challenging year. Results have been mixed. We performed well in places but underperformed in others, and that's disappointing. However, I think it's important to step back and consider 2019 in context.

Our Tobacco business has grown revenue by just over 1% and profits by around 2%, driven by a strong U.S. performance and resilience in Europe. This is in spite of a tough trading environment for our AAA division and a difficult year from a share perspective in 2 of our most profitable markets, Germany and the U.K.

Our tobacco value-creation model is very much intact. Tobacco continues to produce high-margin sales growth. And we

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot