I went home, made a cup of tea and settled down, with my cigarettes at my side, to read it
and AME 2,3 Reported profit from operations up 265% (with reported operating margin up 28.4 ppts to 39.0%), largely due to the movement in the Canadian settlement provision Adjusted profit from operations 1,2,3 up 2.3%, adjusted operating margin 1,2,3 at 44.0% (flat vs FY24) Reported diluted EPS up 157% to 349.1p, with adjusted diluted EPS 1, 2,3 up 3.4% Confident in sustainably delivering mid-term growth algorithm, 2026 performance expected at the lower end of the range On track to reduce leverage 3 to within 2.0-2.5x by end 2026, supported by continued strong cash conversion Dividend growth of 2.0% to 245.04p and a 1.3 billion share buy-back in 2026 Change in Group Revenue: Change in Profit from Operations: Change in Group diluted EPS: Notes 1
even with the factory seal, youre looking at a general timeline of six months to a year before things get noticeably less enjoyable
Mitchells influence can be felt on Buzz too as well as that of Sheryl Crow, Liz Phair and Fleetwood Mac
Machine can be switched between normal and slim cigarettes