Full year forecast – Imperial Brands chooses to stick

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British tobacco company Imperial Brands reported higher sales in line with analysts ‘ estimates on their complete yearly forecast on Wednesday following growth in its e-cigarette business.

The Gauloises cigarette manufacturer reported adjusted half-year net revenues rose 2.5% in constant currency to £3.66 billion ($4.78 billion).

Income per share was adjusted at 115.6 pence.

According to a consensus, analysts expected revenue of 3.66 billion on average and adjusted earnings per share of 112.9 pence.

The company stated that it was on track for revenue growth, adjusted income per share and the conversion of cash according to its full year expectations. It expects revenue growth to range from 1 to 4 percent at or above the upper end.

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