Imperial Brands stock trades at EUR 28.91 as H1 EPS rises 5.30 percent

Published on 09/30/2026 at 10:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Imperial Brands stock was trading at EUR 28.91 on September 30, 2026, with half year adjusted EPS up 5.30 percent to GBp 127.70. Management kept 3.00 percent to 5.00 percent profit growth guidance.

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Imperial Brands stock was trading at EUR 28.91 at Lang & Schwarz on September 30, 2026 at 10:08 a.m. CEST, up 0.42 percent from the prior close of EUR 28.79. The tobacco group enters the final stretch of fiscal 2026 with first half adjusted EPS up 5.30 percent to GBp 127.70.

Half year growth stays positive

According to Parqet, Imperial Brands reported currency-adjusted net revenue growth of 1.80 percent in the first half of fiscal 2026. Adjusted operating profit increased 0.60 percent on the same currency-adjusted basis, while the company reported 12-month free cash flow of GBP 2.60 billion and operating cash conversion of 98.00 percent.

The sharper 5.30 percent EPS increase compared with 0.60 percent adjusted operating profit growth points to the contribution from pricing, share buybacks and financial efficiency. Next-generation products were the faster-growing part of the portfolio, with revenue up 7.50 percent in the first half of fiscal 2026, according to the same half year summary.

Guidance meets analyst upside

Management confirmed fiscal 2026 guidance for adjusted operating profit growth of 3.00 percent to 5.00 percent, with the earnings improvement expected in the second half of the year. That outlook gives the market a defined checkpoint ahead of the annual results scheduled for November 17, 2026, according to MarketScreener.

MarketBeat lists a Moderate Buy consensus with an average price target of GBp 3,433.33. The target is 38.66 percent above the Lang & Schwarz price of EUR 28.91, but the comparison uses different currencies and is therefore not a direct return calculation.

London price and valuation

At the LSE, Imperial Brands was trading at GBp 2,467 on September 30, 2026 at 9:15 a.m. BST. The finance snapshot places its 52-week range at GBp 2,431.00 to GBp 3,632.04 and its market capitalization at GBP 18.8 billion on the same date.

At Lang & Schwarz, the stock was trading at EUR 28.91 on September 30, 2026 at 10:08 a.m. CEST, up 0.42 percent versus the Lang & Schwarz prior close of EUR 28.79 on September 29, 2026. The 0.42 percent move is modest, while the half year figures provide the more substantial near-term test for the investment case.