Imperial Tobacco Financial Analysis
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Imperial Tobacco
Index
S.No.
Particulars
Page No.
IMPERIAL TOBACCO Company Profile
Key management personal and shareholding distributions
Share Holding Distributions
FINANCIAL PERFORMANCE ANALYSIS
Comparative Profit and Loss Growth Analysis
Comparative Balance Sheet Analysis
Financial Ratios Analysis
SHARE MARKET INFORMATION
Dividends
Imperial Tobacco Direct Competitor Comparison
Valuation Ratio Comparison with Industry And Sector
Statistical/ Technical Analysis
Risk Analysis
Final comment
1.Company Profile
Address:
PO Box 244 Upton Road
Bristol BS99 7UJ United Kingdom
Web Site:
www.imperial-tobacco.com
Index:
FTSE 100 | STOXX 600
Market Place(s) :
Frankfurt | Amsterdam | Virt-x | London | Virt-x | New York
Number Of Shares :
677,483,000
Sector:
Agro-food
Industry:
Tobacco
Sub-Industry:
Tobaccos, Cigars and Cigarettes
Imperial Tobacco Group is the world number four in the cigarette manufacture and distribution sector. Its brands are divided into several ranges so as to reach a wide a market as possible. They include Embassy and Regal, Davidoff (so-called “luxury” cigarettes), SuperKings and John Player Specials (mid-priced), and Lambert & Butler (more cheaply priced).However the groups business does not focus solely on cigarettes. Imperial Tobacco also produces cigars, pipe tobacco brands, and is also the world leader in hand-rolling tobacco with the Drum brand. Not to mention RIZLA, making the firm a giant in the cigarette paper market too.Thus dominating the tobacco market, Imperial Tobacco pursues an aggressive expansion strategy. Other than its large European market, the group has taken over the Horizon, John Brandon and Peter Stuyvesant brands, which has taken it into the Australian and New Zealand markets, and bought out Tobaccor, the second biggest cigarette producer in Sub-Saharan Africa, giving it a firm foothold on the African continent and in Madagascar.Finally, Imperial Tobacco acquired the licence to distribute Marlboro (Philip Morris group) in the United Kingdom and in 2002 it took over the German cigarette firm (the worlds fourth biggest manufacturer) Reemtsma, thus strengthening its position in Central and Eastern Europe.
IDENTITY CARD
ISIN:
GB0004544929
Reuters Code:
IMT.L
Local Code :
Auditor:
PricewaterhouseCoopers
Number of employees:
14,486 ( 30/09/2006 )
14,910 ( 30/09/2005 )
The following graphs show the Group’s current debt maturity profile:
The following table shows the Group’s current short- and long-term solicited credit ratings.
Imperial Tobacco Group PLC
Rating agency
Short term
Long term (outlook)
Fitch Ratings
BBB
(rating watch negative)
Moody’s
—
Baa3
(under review for possible downgrade)
Standard and Poor’s
BBB
(credit watch negative)
KEY MANAGEMENT PERSONNEL and SHARE HOLDING DISTRIBUTIONS
The Board of Imperial Tobacco Group PLC, which meets at least five times a year, currently comprises a Non-Executive Chairman, six Non-Executive Directors and four Executive Directors, with a clear separation of the roles of Chairman and Chief Executive to ensure an appropriate balance of power and authority.
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Iain Napier
•
Chairman
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Gareth Davis
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Chief Executive
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Robert Dyrbus
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Finance Director
•
Graham Blashill
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Group Sales and Marketing Director
•
Alison Cooper
•
Corporate Development Director
•
Pierre Jungels
•
Senior Independent Director
IT Group started their share rolling buyback program on 23 February 2005. On 8 February 2007 they announced that the share buyback program has been temporarily suspended following the agreement to buy Commonwealth Brands for US$1.9 billion (ÐЈ974 million).There is a summary of share buyback information below.
Summary
Number of shares
Value excluding transaction costs
Shares in issue prior to commencement of buyback programme
729,200,921
Shares bought back
Year ending 30 September 2005
(13,515,000)
199,346,856
Year ending 30 September 2006
(32,489,000)
553,085,010
Year