JAPAN
JTI volume gains 2.4 per cent

Japan Tobacco International (JTI) cigarette shipment volume rose 2.4 per cent in the three months ending 31 Dec, driven by a 4 per cent increase in key brands, the company announced.

Turkey, Russia, the Caucasus region and Uzbekistan were strong contributors to the rise in key brand volume. Winston, Camel, Mild Seven and LD are among JTI’s global flagship brands. Oct-Dec sales rose 8 per cent to just below USD 3 billion (EUR 2.2 billion).
In the domestic market, JT said volume rose more than 10 per cent in the nine months to 31 Dec. Market share in the final month of the year was slightly above 60 per cent. Domestic sales rose 10.2 per cent in the April-Dec period to JPY 502.8 billion (EUR 4.1 billion). The brand change from Mild Seven to Mevius, which started in Japan and will become global, is going smoothly, the company said.
“Our tobacco businesses performed strongly,” said JT Chief Executive Officer Mitsuomi Koizumi. “Internationally, we have continued to deliver a robust performance amid a challenging environment, demonstrating the soundness of our strategic focus on top line growth and broadening the earnings base. In Japan, our market share has recovered steadily,” from effects of the earthquake in 2011. (ci)

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