Core revenue at constant rates of exchange1 increased 2.1%, driven by an improved price/mix effect, more than compensating for a volume decline of 6.4%.
Year-on-year market share2 continued to grow in most key markets, including France, Italy, Spain, Taiwan, Turkey and UK.
During this period, total3 and GFB shipment volume results were affected mostly by industry contraction and trade inventory adjustments mainly in the Middle East.
Total shipment volume declined 6.4%, but grew in France, Spain, Taiwan and Turkey. This decline was partially offset by fine cut performance growing 36.2% (11.5% organically).
GFB shipment volume decreased 4.5%, but grew in market share in the key markets of Russia, Taiwan and Turkey.