Imperial Brands PLC (IMBBY) Presents at 23rd annual dbAccess Global Consumer Conference Transcript
Imperial Brands LON: IMB said it remained on track to meet its full-year targets after reporting first-half growth in tobacco and next-generation products net revenue, while management highlighted one-off headwinds in the U.S. and Australia and continued progress on its Evolve 2030 strategy.
The manufacturer—which houses Davidoff, Gauloises and JPS among its brands—saw revenue growth from in its next-generation products such as vapes.
Tobacco stock Imperial Brands PLC might have underperformed YTD, but the case for an uptick is strong now. High IMBBY valuations earlier in the year, a somewhat discouraging trading update more recently, and a selective smoking ban in the UK have pulled IMBBY stock back. But with market multiples attractive again, the bigger picture for next generation products still being strong, and limited impact from the ban, along with strong continued dividends, work in IMBBY's favor.
The London-listed tobacco company, which houses brands such as Davidoff, Gauloises and JPS, said it expects this growth to accelerate in the second half of the year ending Sept. 30.
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Cigarette maker Imperial Brands on Tuesday named John Rishton as it new Chair, succeeding Therese Esperdy, who will retire from the board in December.
Imperial Brands delivered resilient FY25 results, with strong tobacco performance and double-digit growth in next-generation products, but NGP remains unprofitable. IMBBY continues to reward shareholders with a 5% dividend yield and aggressive buybacks, distributing nearly all free cash flow, though net debt has increased. The 2030 Challenger Strategy drives cost savings and innovation, but concerns remain about NGP profitability and the sustainability of high shareholder distributions.
The S&P 500 has swung wildly from greed to fear amid trade war tensions and a prolonged government shutdown, prompting investors to seek haven assets. The market reached record highs on AI enthusiasm but stoked fears of dotcom-era exuberance, with leaders on Wall Street and the IMF warning of potential market corrections. Consumer staples stocks are among 2025's worst performers. But they have historically outperformed in downturns, offering portfolio diversification and downside protection.
Here is how Imperial Tobacco Group PLC (IMBBY) and L'Oreal SA (LRLCY) have performed compared to their sector so far this year.
Imperial Brands PLC (OTCQX:IMBBY) Barclays 18th Annual Global Consumer Staples Conference 2025 September 4, 2025 10:30 AM EDT Company Participants Stefan Bomhard - CEO & Director Lukas Paravicini - CFO & Director Conference Call Participants Gaurav Jain - Barclays Bank PLC, Research Division Presentation Gaurav Jain Research Analyst Good morning, everyone. Thank you for being here.
Here is how Imperial Tobacco Group PLC (IMBBY) and L'Oreal SA (LRLCY) have performed compared to their sector so far this year.