Home > Uncategorized > Ifa Magazine Imperial Tobacco’s annual revenues decline • Ifa Magazine

Ifa Magazine Imperial Tobacco’s annual revenues decline • Ifa Magazine

Ifa Magazine Imperial Tobacco’s annual revenues decline • Ifa Magazine.

Imperial reported its latest results this week, but while the financial press focused on revenue and profit, with cost-cutting programmes boosting the latter, the fact of a SEVEN PERCENT decline in volumes was barely mentioned.  Imperial is not  alone in seeing volume declines, as tobacco control measures and the rapid increase in use of E-cigs are really biting on the core business.  if this pattern continues, cost-cutting can only go on so long.

If governments begin to take up the recent suggestions to cap wholesale prices of tobacco and cigarettes to address the monopoly position of many companies in developed markets , thus reducing company profitability sharply, then these companies will cease to be attractive investments.

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