Highlights (change versus prior year)
April-June 2013
Core revenue, at constant rates of exchange, grew 5.8% driven by strong price/mix, compensating for the volume decline.
Core revenue grew 3.8%, on a reported basis.
GFB shipment volume remained flat underpinned by growth in Russia, in the Caucasus markets, Kazakhstan and a number of markets in the North & Central Europe cluster while industry contraction in many markets continued. Total shipment volume declined 3.9% despite market share gains in several markets and fine cut growth of 24.6%.
January-June 2013
Core revenue, at constant rates of exchange, grew 4.1% driven by strong price/mix.
Core revenue increased 2.0%, on a reported basis.
Total and GFB shipment volume declined 5.1% and 2.3% respectively. This was mainly due to continued industry contraction across a number of key markets and one-off trade inventory adjustments in the first quarter.
Year-on-year market share continued to grow in most key markets including France, Italy, Spain, Taiwan, Turkey, and the UK. In Russia, share of value continued to grow.