Jump to full article: Imperial Tobacco (uk), 2008-04-24
Intro: Imperial Tobacco Group PLC (Imperial) announces that it has today filed the accounts of its wholly owned subsidiary, Altadis, for the year ended 31 December 2007 with the Spanish Mercantile Registry.
. . .
The Cigarette Division grew significantly during the year with strong positive performances in Spain, Morocco and the Middle East. . . .
The performance of the Cigar Division was impacted by the weakness of the US dollar. At constant exchange rates, economic sales rose by 2% and EBITDA by 1%.
In the USA, product launches and additional advertising and promotion expenditure to address Q1 sales declines showed positive results later in the year in spite of challenging market trends.
Sales of Cuban cigars grew by 6% in dollar terms with improvements in both mature and emerging markets.
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