Friday 9 December 2016

Smokers lighting up again after downturn adjustment

Published 26/10/2011 | 09:04

THE world's second largest tobacco company today said the number of smokers cutting back in the economic downturn was moderating.

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British American Tobacco (BAT), which has more than 300 brands, said cigarette volumes were down 0.6pc year-on-year at 523bn in the nine months to September 30, compared to a 1pc drop last year.

The group said its four core brands - Lucky Strike, Pall Mall, Kent and Dunhill - were up 8pc, despite excise-driven price increases and the threat of illegal trade.

Nicandro Durante, BAT chief executive, said: "While the challenging economic conditions continued to impact consumers in some markets, other markets are showing signs of recovery."

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