Gallaher Group Plc
Investor Relations

IR Best Practice Website Awards 2003 - Winner of the Most Improved IR Website Award

Financial highlights - 2004

Results for the year ended 31 December 2004

Total turnover

£9,553m

+ 5.6%

Net turnover(1)

£3,985m

+ 9.5%

Group EBITA(2)

£651m

+ 3.9%

Tobacco EBITA(2)

£585m

+ 5.4%

International EBITA(2)

£349m

+ 2.9%

UK EBITA(2)

£302m

+ 5.2%

PBTA(3)

£529m

+ 5.8%

Group cigarette volume

170.6bn

+ 6.5%

International cigarette volume

150.4bn

+ 7.5%

UK cigarette volume

20.2bn

- 0.4%

Adjusted earnings per share(4)

58.9p

+ 6.1%

Proposed total dividend

31.5p

+ 6.4%


1.

Total turnover less duty paid by Group companies.

2.

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

3.

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

4.

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

Note:

Amortisation of intangible assets was £83m (2003: £83m) and exceptional charges were £17m (2003: £39m).

Financial highlights