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Imperial Tobacco's sales in most EU countries have fallen, partly due to fewer duty-free tobacco purchases
Jump to full article: Times Of London (uk), 2009-07-23
Author: Catherine Boyle
Intro: Imperial Tobacco, the FTSE 100 company, said today that the reduced level of foreign travel has hurt its sales in Spain - although it has helped UK sales.
Sales of cigarettes in Spain were down by about 4 per cent in the year to the end of June, as travel sales - in airport duty-free shops and in popular resorts for British people - declined and the recession-hit Spanish traded down to roll-your-own cigarettes, according to the maker of Lambert & Butler and Gauloises cigarettes.
However, the rate of market decline in the UK slowed slightly to 1 per cent as there were fewer purchases of British brands abroad. The UK fine-cut tobacco market also grew as more smokers decided to roll their own cigarettes.
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