July-September 2012 (net change versus prior year)
GFB shipment volume grew 1.4% driven by Russia, Kazakhstan and other CIS+ markets, as well as Turkey, in spite of the challenging business environment, notably in Western Europe, affecting industry volume.
Total shipment volume grew 0.7% including the effect of the acquisitions of HCTF and Gryson.
GFB shipment volume growth and strong pricing resulted in 1.0% increase in core revenue.
At constant rates of exchange, core revenue grew 9.8% and core revenue per thousand cigarettes increased 9.0%.
January-September 2012 (net change versus prior year)
Total shipment volume grew across all clusters amid a challenging business environment, driven by GFB growth and acquisitions. In European countries, our total shipment volume grew 1.2%. GFB shipment volume grew 5.1% driven by Russia, Turkey, Kazakhstan and other CIS+ markets.
Core revenue increased 4.6%, driven by strong pricing and volume growth.
At constant rates of exchange, core revenue grew 12.1% and core revenue per thousand cigarettes increased 9.2%.
Year-on-year market share grew in the key markets of Turkey, Spain, Italy, France and Taiwan.