April-June 2012 (net change versus prior year)
Core revenue grew 2.5%, driven by strong pricing and total and GFB shipment volume growth.
At constant rates of exchange, core revenue grew 11.8% and core revenue per thousand cigarettes increased 8.6%.
Total shipment volume grew 1.5% organically, and 2.8% including the effect of the acquisition of Haggar Cigarette & Tobacco Factory Ltd. (HCTF) in Sudan, driven by the CIS+ and Rest-of-the-World clusters. GFB shipment volume grew 5.2% driven by the CIS+ cluster, notably Russia and several emerging markets, as well as Turkey.
January-June 2012 (net change versus prior year)
Core revenue increased 6.6%, driven by strong pricing and GFB shipment volume growth.
At constant rates of exchange, core revenue grew 13.4% and core revenue per thousand cigarettes increased 9.3%.
Total shipment volume grew across all clusters. GFB shipment volume grew 7.2% driven by Russia, Spain, Italy and Turkey.
Year-on-year market share grew in most key markets, including Turkey, Spain, Italy, Canada and France.