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Pall Mall and Dunhill Volumes Raised by 4.7 %

Published on February 3rd, 2016 00:00

British American Tobacco (BAT) year to date revealed that profits declined by 6.5 % at present exchange rates caused by “considerable actions” in key trading currencies, the company explained in its interim management report. Removing from the total the currency effect, the company documented a 4.2 % boost in year to date revealed profit, with Chief Executive Nicandro Durante stating that the Group executed well in the 3Q and that he continues to be self-confident in providing revenue growth at consistent rates of exchange.

Whilst Group volumes for the 9 months to September,30 dropped by around 1.8 % to 487 billion sticks , 3Q shipments have increased by 0.4 % as the Group’s five global drive brands documented a 9.5 % volume development within the three months to September,30.

Up to now this year, all of the Group’s five global drive brands have viewed volume boosts. Pall Mall and Dunhill volumes have raised by 4.7 %, Kent by 2.4 %, Lucky Strike by 3.4 %, and Rothmans by 43.2 %. Volume boosts made it easier to compensate decreases in Russia, South Korea, Spain, and Malaysia.“The trading conditions continue to be complicated most of all due to the sluggish than anticipated recovery in the global economy, ongoing tension on consumer disposable income throughout the world and substantial currency headwinds. If exchange rates remain similar for the rest of the year the Group would have negative transactional and translational foreign exchange rate influences to operating revenue of around 6 % and 12 per cent respectively,” the company explained.