On the 30th of January, Imperial Tobacco Group Plc. informed that the first-half profit would decline because of black market sales and the deepening crisis in Europe. Along with the announcement on the half-year profit outlook, the Europe’s second-biggest tobacco company revealed that Robert Dyrbus had resigned from his position.
Imperial Tobacco Group PLC has informed that it expects its tobacco revenue to grow this year due to price rises. According to a statement released by the company, Imperial Tobacco Group PLC, which is the fourth-largest tobacco group in the world, suffered in recession-hit Spain and tough market in Poland and Ukraine as well. Yet the company still relies on emerging markets growth as well as prices increases to offset consumer demand, which has lately become stagnant.