Edition:
United States

Tobacco

Page 1

Universal Corporation Q4 loss per share $1.64

4:15pm EDT

May 23 (Reuters) - Universal Corp :Universal corporation reports annual results.Q4 earnings per share $1.28 excluding items.Q4 loss per share $1.64.Q4 revenue $650 million.Universal corp says "as we move into fiscal year 2018, we are forecasting that global flue-cured tobacco production outside of china will increase by about 9%".

Egypt's Eastern Co signs deal with Al Mansour International Distribution Co

Thursday, 27 Apr 2017 03:56am EDT

April 27 (Reuters) - Eastern Co Sae :Signs deal with International Al Mansour International Distribution Co to manufacture cigarette under brand name 'target' for 2 years.Each co will get 50 percent profit of product sales.Expects to sell 26,000 cartons till end of 2017, targets 80,000 cartons during 2018.Says sale price per pack to be EGP 12.95.

Egypt's Eastern Co to launch new cigarette brand

Thursday, 27 Apr 2017 02:30am EDT

April 27 (Reuters) - Eastern Co ::To launch new cigarette brand 'cleopatra box gold' at a consumer price of EGP 12.75.

Philip Morris International - files for potential debt shelf size not disclosed

Tuesday, 14 Feb 2017 11:45am EST

Philip Morris International Inc :Philip Morris International Inc - file for potential debt shelf; size not disclosed - sec filing.

Reynolds American Inc Q4 results press release

Thursday, 9 Feb 2017 06:58am EST

quarter earnings press release::.

Altria becomes significant shareholder in Anheuser-Busch InBev

Tuesday, 11 Oct 2016 08:30am EDT

Altria Group Inc : Altria becomes significant shareholder in Anheuser-Busch InBev; revises 2016 full-year earnings guidance . Altria Group Inc - expansion of its $1 billion share repurchase program to $3 billion to be completed by end of Q2 of 2018 . Altria Group Inc- revises 2016 full-year earnings per share (EPS) guidance to reflect reporting lag . Altria Group Inc- Altria is receiving a total of approximately $5.3 billion in pre-tax cash . Altria Group Inc - Altria revises its guidance for 2016 full-year adjusted diluted EPS from a range of $3.01 to $3.07 to a range of $2.98 to $3.04 . Altria Group Inc - Altria now owns 185.1 million restricted shares of Anheuser-Busch InBev, representing a 9.6% economic and voting interest . Altria - expects to record total estimated pre-tax gain in its reported earnings of about $13.7 billion, or 4.55/share, all of which will be recorded in Q4 . Altria Group Inc says altria maintains its long-term financial goals of growing adjusted diluted EPS at an average annual rate of 7% to 9% . Altria Group Inc - maintaining a target dividend payout ratio of approximately 80% of adjusted diluted EPS . Altria Group Inc - will use equity method of accounting for its investment in Ab InBev . FY2016 earnings per share view $3.05 -- Thomson Reuters I/B/E/S . Altria - timing lag from accounting method change will not affect co's cash flows or quarterly dividends per share.

Philip Morris says now expects FY earnings per share in range of $4.53 to $4.58

Thursday, 29 Sep 2016 03:00am EDT

Philip Morris International Inc : Philip Morris International Inc. Hosts Investor Day; Revises For Currency, And Narrows, 2016 Full-Year Reported Diluted EPS Forecast . Sees FY 2016 earnings per share $4.53 to $4.58 . Forecast does not include any share repurchases in 2016 . Expects its currency-neutral adjusted diluted eps in Q3 of 2016 to be flat to slightly up versus Q3 of 2015 . Revises for currency only, and narrows, its 2016 FY reported diluted eps forecast to a range of $4.53 to $4.58 . For full-year 2016, PMI forecasts a total cigarette industry volume decline of 2.0%-2.5%, excluding China and U.S. . For FY 2016, sees cigarette shipment volume, excluding China and U.S, to decline in line with Aug YTD decline of 3.9%. . PMI increases its full-year 2016 anticipated capital expenditures by an $100 million to $1.2 billion .FY 2016 earnings per share view $4.49 -- Thomson Reuters I/B/E/S.

Imperial Brands says on track to meet FY expectations

Thursday, 29 Sep 2016 02:00am EDT

Imperial Brands Plc : Trading statement . At current exchange rates, we expect currency translation to benefit full year earnings by c. 4-5 pct . Full year impact of currency transaction on earnings remains at around 3 pct for full year . Have delivered strong growth in reported tobacco net revenue for year driven by us acquisition and benefit of currency translation . Full year trend for total tobacco volumes and operating profit margin is broadly in line with first half . Our cost optimisation programme is on track to deliver targeted savings and cash conversion remains strong . In returns markets, our priority has remained on managing share and profit; benefit from price increases has been offset by a combination of adverse mix .On track to meet full year expectations at both constant currency and reported exchange rates.

Scandinavian Tobacco to close down two factories

Thursday, 22 Sep 2016 02:00am EDT

Scandinavian Tobacco Group A/S : Says accelerates optimisation and efficiency programme by 1 year . Plans to accelerate cost savings . Intends to reduce number of production sites in group from 14 to 12 . To close down factories in Nykøbing Falster, Denmark, and Wuustwezel, Belgium . Intends to achieve planned cost savings of 140 million Danish crowns ($21.07 million) annual in run rate compared to 2014 on a like-for-like basis by end of 2017 . Working capital reduction target of 500 million crowns by end of 2018 compared to end of 2014 remains unchanged . Intended close down of two factories will result in impairments costs of about 65 million crowns .Says announcement has no impact on company's financial guidance for 2016.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary