Tobacco net revenue is set for low-single-digit growth, while double-digit growth from Next Generation Products implies a material second half acceleration, helped by acquisitions during the period.
A £1.5bn buyback has been announced for the current financial year, in-line with last year’s payout. Net debt to EBITDA (cash profit) is expected to remain at the lower end of the 2-2.5x target range.
The shares rose 2.1% in early trading.
Our view
HL view to follow.
Imperial Brands key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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