Imperial Tobacco boosts revenue in Russia due to price hike
MOSCOW. Aug 19 (Interfax) - Imperial Tobacco Group Plc for the 9M of the 2015 financial year (ended on June 30) has cut sales of tobacco products to 207.4 billion units from 213.3 billion units a year earlier.
Revenue from sales of tobacco products fell to 4.43 billion pounds sterling from 4.63 billion pounds a year earlier.
The company did not disclose the sales performance in Russia, but noted that its revenue for the 9M "continued growth" thanks to price formation, and also due to a shift in consumer demand to the segment held by the Maxim brand. In total growing markets demonstrated a decline of 3% due to the worsening situation in Iraq and also the growth of the illegal market in Vietnam after the introduction of requirements for warning labels on cigarette packages.
Imperial Tobacco operates in 160 countries and is headquartered in Great Britain. Its brands include Davidoff, Gauloises Blondes and West. The company also has local brands on the Russian market: Maxim, Zolotoye Koltso, Valkanskaya Zvezda and Stolichniye.
In Russia, the company owns LLC Imperial Tobacco Sales and Marketing (Moscow), LLC Imperial Tobacco Volga (Volgograd) and CJSC Imperial Tobacco Yaroslavl. According to the SPARK-Interfax database, Imperial Tobacco Sales and Marketing, a wholesale tobacco retailer, had revenue of 33.3 billion rubles in 2014 and net profit 1.67 billion rubles.