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Imperial Tobacco sales growth in Emerging markets
After the advantageous settlement of several of outstanding issues with different tax agencies across the EU,[link widoczny dla zalogowanych], the established duty rate for 2011 and following years is suggested to be nearly 24.5%. Moreover, according to the report, Imperial Tobacco is set to do a tax provision release of almost £200 million.
Imperial’s sales growth resulted from solid performances in emerging markets, such as African and Asian countries. Davidoff sales added more than 10%,[link widoczny dla zalogowanych], with very strong growth in Ukraine, Saudi Arabia, and Russia. West sales increased approximately 3% mainly due to growth in Russia and a several Eastern European markets.
In the USA, cigarette market volumes declined 4%, in line with the long term trend and ther group’s share was 3.9%.
In the Rest of the World market,[link widoczny dla zalogowanych], sale volumes grew by 4% in the quarter,[link widoczny dla zalogowanych], mainly thanks to the growth in the Middle East and Asia.
Imperial Tobacco’s CEO Alison Cooper stated that the company has made a good start in 2011,[link widoczny dla zalogowanych], as the key global brands added 7% with Gauloises Blondes,[link widoczny dla zalogowanych], Davidoff and West performing greatly,[link widoczny dla zalogowanych], especially in emerging markets. The fine cut tobacco showing a strong performance in the EU region and cigar volumes as well going up in several emerging markets, and mainly in the Middle East.