Imperial Tobacco has blamed supply chain problems and touch market conditions in Eastern Europe and the US for a fall in first-half volumes.
The Lambert & Butler maker predicted a 4% fall in cigarettes volumes for the past six months in its latest trading statement.
But the company said its cut tobacco business – which includes the Golden Virginia brand – had notched up volume growth of 10% for the period.
It cited the UK, Germany and central Europe as markets that had performed well.
Imperial will release full results for the past six months on 27 April.
Read more
Tobacco sector in last gasp legal challenge (27 February 2010)
Tobacco giant seeks review of vending ban (13 February 2010)
Imperial slams plans for plain cigarette packaging (2 February 2010)
Are the fmcg giants making the grade? (16 January 2010)
No comments yet