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1、IMPERIALBRANDSPLCINTERIMRESULTSFORTHESIXMONTHSENDED31MARCH2017INVESTINGINQUALITYGROWTHANDDELIVERINGSUSTAINABLERETURNSDeliveringagainstourstrategy•Resultsinlinewithexpectationswithadditionalinvestmentprogrammeontrack•Investmentsarestrengtheningsharetrendsinmanyprioritymarkets,supportingqualitygrowth
2、•StrongresultsfromGrowthandSpecialistBrands,whichnowgenerate60.4%oftobacconetrevenue•Excellentprogresswithcostoptimisationandreducingbusinesscomplexity•Focusoncapitaldisciplinedelivering99.6%cashconversionand10%dividendgrowthAlisonCooper,ChiefExecutive,commented“We’redeliveringencouragingimprovemen
3、tsinsharetrendsinmanyofourprioritymarketsaftersignificantlysteppingupinvestmentbehindourstrategyandqualitygrowth.ThevolumeandsharegainsweachievedwithourGrowthBrandsintheperiodwereparticularlypleasing.OurperformanceisunderpinnedbytherolloutofourMarketRepeatableModel,whichprovidesaneffectiveandconsis
4、tentapproachfordeliveringsustainablequalitygrowthinmarkets.Wearedeployingthismodeline-vapourandbelieveitcanalsobesuccessfullyappliedtodrivegrowthinotherconsumeradjacencies.Asexpected,firsthalfrevenueandprofitwereimpactedbytheconsiderableincreaseininvestment.Inachallengingindustryenvironment,wearede
5、liveringagainstourstrategyandremainontracktomeetfullyearearningsexpectationsatconstantcurrency.Cashconversionremainsstrongandwearedeliveringanotherdividendincreaseof10%.”HeadlineFinancialsOverview–AdjustedBasisHalfYearResultChangeConstant20172016ActualCurrency1TotaltobaccovolumebnSE126.3133.9-5.7%G
6、rowthBrandvolumebnSE73.070.7+3.2%Tobacconetrevenue£m3,7163,399+9.3%-5.5%Tobaccoadjustedoperatingprofit£m1,6671,577+5.7%-8.1%Logisticsadjustedoperatingprofit£m8268+20.6%+4.4%Totaladjustedoperatingprofit£m1,7401,637+6.3%-7.6%Adjustedearningspersharepence121.9113.0+7.9%-5.9%Dividendpersharepence51.747
7、.0+10.0%Adjustednetdebt£m(13,927)(13,710)Overview–ReportedBasisHalfYearResultChange20172016ActualRevenue£m14,29812,806+11.7%Operatingprofit£m9021,002-10.0%Basicearningspersharepence70.730.4+132.6%Seepage4fo
