An announcement from Imperial Brands ( (GB:IMB) ) is now available.
Imperial Brands PLC has unveiled its 2030 strategy during a Capital Markets Day event, aiming to drive sustainable growth and long-term value creation for shareholders. The strategy focuses on maintaining market share in its five largest tobacco markets and expanding its next generation products business. The company plans to enhance its organizational capabilities, foster a high-performance culture, and streamline operations to achieve growth in net revenue, EPS, and free cash flow. An annual ‘evergreen’ share buyback is also announced to enhance shareholder returns. The strategy is expected to deliver low-single-digit growth in tobacco revenue and double-digit growth in NGP revenue, with group adjusted operating profit growing at 3-5% annually.
More about Imperial Brands
Imperial Brands PLC is a major player in the tobacco industry, focusing on combustible tobacco products and next generation products (NGP). The company operates in key markets such as the United States, Germany, United Kingdom, Spain, and Australia, which account for a significant portion of its profits. Imperial Brands is committed to developing differentiated brands and maintaining a high-performance, data-led organization.
YTD Price Performance: 9.42%
Average Trading Volume: 2,544,911
Technical Sentiment Signal: Sell
Current Market Cap: £22.58B
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