Imperial Brands maintains 2026 targets despite Middle East risk

ReutersApr 14, 2026 6:12 AM

April 14 (Reuters) - Imperial Brands IMB.L said on Tuesday it expects at least high-single-digit annual earnings per share growth, helped by tobacco pricing and smoking alternatives, though Middle East tensions could impact second-half performance.

Chief executive Lukas Paravicini is pursuing a five-year strategy to expand Imperial Brands' smoking alternatives business while maintaining its traditional tobacco operations, carrying forward targets set by his predecessor.

The maker of Winston, Davidoff, and Gauloises cigarettes expects low-single-digit growth in its tobacco business and double-digit net revenue growth in next-generation products at constant currencies, alongside annual profit growth of 3%-5% in 2026.

Though it anticipates some modest market share reduction across its top five markets.

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