Results for January 1 – September 30, 2015 on a Like-for-Like basis
Revenue grew 0.7% due to robust price/mix and the appreciation of the US Dollar against the Japanese Yen in the international tobacco business and growth in the pharmaceutical and the processed food businesses, offset by negative local currency movements against the US Dollar in the international tobacco business.
Adjusted operating profit at constant FX increased 11.6%. This was mainly driven by robust price/mix in the international tobacco business. On a reported basis, adjusted operating profit declined 2.6%, affected by unfavorable local currency movements against the US Dollar.
Profit from continuing operations2 declined 5.2% due to a decrease in operating profit, but was partly offset by lower income taxes. Profit attributable to owners of the parent, which combines profits from continuing and discontinued operations, grew 21.5% due to the gains relating to the transfer of shares the Company held in its subsidiaries conducting vending machine operations.
The International Tobacco Business delivered strong results at constant FX with adjusted operating profit growing 13.3% in US Dollars, driven by a robust price/mix and positive GFB performance. On a reported basis adjusted operating profit declined 21.4% due to ongoing local currency fluctuations against the US Dollar. In Japanese Yen, adjusted operating profit decreased 7.7%, partially offset by the appreciation of the US Dollar.
The Japanese Domestic Tobacco Business showed 5.1% growth in adjusted operating profit due to the price/mix effect and the effects of the measures to strengthen the competitiveness of the Japanese domestic tobacco business.