Vape sales spike for Rizla and Golden Virginia maker Imperial Brands
November 19, 2024 by independent.co.uk
Vape sales spike for Rizla and Golden Virginia maker Imperial Brands
Imperial Brands saw a 26% surge in e-cigarette sales, reaching £8.2 billion revenue with growing popularity of vape products like Blu. Traditional cigarettes still dominate sales despite a decrease in smokers. Their next generation products (NGPs) division showed a 43% decrease in losses. The company expects slow growth in tobacco and NGP revenue for the upcoming year. The rise in vaping helped boost overall operating profit by 4.6%. Despite increasing anti-smoking regulations and taxes worldwide, Imperial Brands aims to challenge the industry with its vape products. Analysts predict a positive outlook, but acknowledge vaping remains a loss-making sector for now.
November 19, 2024 by barrons.com
Tobacco Group Imperial Brands Strikes Higher Profit
British tobacco company Imperial Brands reported a 12% increase in annual profit, reaching £2.6 bil…
November 19, 2024 by cityam.com
Imperial Brands’ bet on e-cigarettes and ‘next generation’ products bears fruit
Imperial Brands reported a revenue drop but saw growth in e-cigarettes. Net revenue from tobacco an…
12.90% of the adult population are current smokers. There are approximately 7.2 million current smokers in United Kingdom 14.60% of men are current smokers but only 11.20% of women.
SOURCE: GSTHR
