3 months quarter-to-date 2015 (April-June)
Adjusted operating profit at constant FX grew 16.1%, driven by strong price/mix and GFB shipment volume growth in several key markets. On a reported basis, adjusted operating profit declined 20.9% due to currency fluctuations.
Core revenue at constant FX was up 6.9%, while it declined 13.6% on a reported basis due to currency fluctuations.
Total and GFB shipment volumes were up 0.2% and 6.2%, respectively, as a result of a positive performance in the Benelux markets, Czech Republic, France, Germany, Italy, Kazakhstan, Spain, Turkey and Ukraine. GFB fine cut shipment volume increased 36.6% resulting in total fine cut shipment volume growth of 13.9%.
Year-on-year market share3 increased in the key markets of France, Spain, Taiwan, Turkey and the UK. In Russia, GFB market share continued to grow driven by Winston and LD.