Total and GFB shipment volumes increased 7.1% and 10.7%, respectively, driven by continued market share momentum, contributions from recent acquisitions and favorable comparisons due to trade inventory adjustments in the quarter. Excluding these favorable factors, underlying total and GFB shipment volumes grew.
In fine cut, total and GFB shipment volumes grew 17.3% and 32.8%, respectively.
The strong GFB performance in both cigarettes and fine cut was primarily driven by Winston, Camel and LD.
Year-on-year market share increased in the key markets of France, Italy, Spain, Taiwan and the UK. In Russia, GFB market share continued to grow driven by LD.
Core revenue at constant FX increased 13.8%, and 4.2% on a reported basis, driven by volume growth, robust price/mix and recent acquisitions.
Adjusted operating profit at constant FX grew 21.1% driven by strong top-line growth. On a reported basis, adjusted operating profit declined 2.1% due to negative currency impacts.