Reported diluted EPS of 249.0p down 5.4%, impacted by a number of adjusting items discussed below;
Adjusted diluted EPS of 323.8p up 9.1%, or 321.6p up 8.4% at constant rates;
Cigarette and THP volume share1 increased by 20bps, with value share2 up 30bps in key markets;
New Categories revenue grew 36.9% or 32.4% to £1,214m at constant rates with strong growth in all categories, despite the slowdown in US vapour. Excluding US vapour, New Categories revenue grew 39% at constant rates;
Reported revenue of £25,877m (up 5.7%);
Adjusted revenue of £25,827m (up 6.2%), or £25,683m on a constant currency basis (up 5.6%);
Reported profit from operations of £9,016m down 3.2% driven by adjusting items of £2,114m (2018: £1,034m) partly due to the charges incurred in respect of Canada (Quebec), Quantum (simplification programme), other smoking and health litigation including Engle in the US, Russia (excise dispute) and Indonesia (goodwill impairment), the majority of which are non-cash items;
Adjusted profit from operations of £11,130m (up 7.6%), an increase of 6.6% on a constant currency basis;
Reported operating margin declined 320 bps to 34.8%, largely due to the adjusting items;
Adjusted operating margin up 50 bps with significantly increased investment in New Categories;
At constant rates of exchange, the US delivered a strong year with adjusted revenue up 4.4%, value share up 30 bps and adjusted profit from operations up 6.4%;
Operating cash flow conversion was 97%, with adjusted cash generated from operations down 16.3% (on a constant currency basis). Normalising for the timing of the 2018 MSA payment, ACGFO increased 1.2%;
Free cash flow after dividends of £1,921m drove deleveraging of 0.5x to 3.5x (0.4x at constant rates); and
Dividend up 3.6% to 210.4p, in line with our commitment to a 65% pay-out ratio of adjusted diluted EPS.
De hecho no me extrañaría que con la gente encerrada en casa y los niveles de ansiedad subiendo aumentara el consumo de tabaco. Otra cosa son las cotizaciones, que caen como las demás.
A fecha de hoy estoy como tú y me quedo más tranquilo (ya se sabe, mal de muchos… )
Pensaba que era por haber acudido al drip. Siempre que lo hago tardan un poco más en aparecer las acciones nuevas, pero veo que esta vez hay más afectados y se lo están tomando con calma.
Saludos