Financial highlights - 2003

Total turnover

£9,048m

+ 7.4%

Net turnover¹

£3,641m

+ 9.6%

Group EBITA²

£627m

+ 7.6%

International EBITA²

£340m

+ 13.7%

UK EBITA²

£287m

+ 1.6%

PBTA³

£501m

+ 9.8%

Group cigarette volume

160.2bn

+ 4.9%

International cigarette volume

139.9bn

+ 6.5%

UK cigarette volume

20.3bn

- 5.1%

Adjusted earnings per share⁴

55.5p

+ 8.6%

Proposed total dividend

29.6p

+ 7.4%

1.

Total turnover less duty paid by Group companies.

2.

Total operating profit before amortisation of intangible assets and exceptional charge.

3.

Profit before tax, amortisation of intangible assets and exceptional charge.

4.

Adjusted: before amortisation of intangible assets and exceptional charge (net of tax).

Note:

Amortisation of intangible assets was £83m (2002: £77m) and exceptional charge was £39m (2002: nil).