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The supplier attributes fall in UK and EU tobacco sales to a reduction in overseas travel and duty-free sales
Jump to full article: DFNI (uk), 2009-07-23
Author: Andrew Pentol
Intro: Imperial Tobacco has attributed a fall in tobacco sales in the UK and the rest of the European Union (EU) for the year ending June 2009 to a reduction in foreign travel and lower duty-free sales. Despite the decline, the company said sales for the financial year ending September 2009 remain in line with expectations. . . .
Imperial Tobacco CEO Gareth Davies said: "We have delivered another good performance in our third quarter, driving sales throughout our enlarged geographic footprint and achieving further volume and share growth across our regions. The versatility of our balanced portfolio is enabling us to benefit from growth in value cigarette and fine cut tobacco brands in mature markets, while continuing to develop our mainstream and premium cigarette brands in emerging markets.
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