IMPERIAL BRANDS PLC
20 March 2018
SALE OF OTHER TOBACCO PRODUCTS IN USA
Imperial Brands announces the disposal of a range of other tobacco products including roll your own brands, tubes, tips, cigarette papers and other accessories in the USA. This disposal simplifies our portfolio in the USA, enabling us to further sharpen our focus on driving revenue growth in the USA from our core US tobacco brands and next generation products.
Chief Executive, Alison Cooper, commented:
"We are clear on our strategic priorities and focus for growth and are proactively actioning capital reallocation opportunities to generate additional shareholder value. The disposal of our US OTP business is an example arising from the ongoing review of our assets.
"In next generation products, we are focused on delivering an exceptional consumer experience and we are investing behind an exciting innovation pipeline. Our product and market launch programmes are on track with the recent launches of myblu in the USA and the UK, with additional markets coming on stream in the next few months. In tobacco, our investment focus continues to deliver share gains in our Growth Brands and priority markets."
ENDS
Notes: The profit on disposal was already assumed in the 'non-operating income' referred to in our AGM update of 7 February 2018.
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Investor Contacts |
Media Contacts |
Peter Durman |
+44 (0)7970 328 903 |
Alex Parsons |
+44 (0)7967 467 241 |
Matt Sharff |
+44 (0)117 933 7396 |
Simon Evans |
+44 (0)7967 467 684 |
Mat Slade |
+44 (0)117 332 2504 |
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Cautionary Statement
Certain statements in this announcement constitute or may constitute forward-looking statements. Any statement in this announcement that is not a statement of historical fact including, without limitation, those regarding the Company's future expectations, operations, financial performance, financial condition and business is or may be a forward-looking statement. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected or implied in any forward-looking statement. These risks and uncertainties include, among other factors, changing economic, financial, business or other market conditions. These and other factors could adversely affect the outcome and financial effects of the plans and events described in this announcement. As a result, you are cautioned not to place any reliance on such forward-looking statements. The forward-looking statements reflect knowledge and information available at the date of this announcement and the Company undertakes no obligation to update its view of such risks and uncertainties or to update the forward-looking statements contained herein. Nothing in this announcement should be construed as a profit forecast or profit estimate and no statement in this announcement should be interpreted to mean that the future earnings per share of the Company for current or future financial years will necessarily match or exceed the historical or published earnings per share of the Company. This announcement has been prepared for, and only for the members of the Company, as a body, and no other persons. The Company, its Directors, employees, agents or advisers do not accept or assume responsibility to any other person to whom this announcement is shown or into whose hands it may come and any such responsibility or liability is expressly disclaimed.
