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Business Overview

Our Balanced Geographic Footprint

World map with coloured points indicating each region

Logistics

£964m Distribution Fees¹

£177m Adjusted Profit from Operations¹

Full Logistics Review

Our logistics business is one of the largest in Europe. Its core business is Tobacco Logistics as well as providing other logistics services.

Inside of large warehouse

Packages on a distribution line

Management believes that these non-GAAP measures provide a useful comparison of business performance and reflect the way in which the business is controlled. Definitions are included in our accounting policies within the notes to the financial statements. Reconciliations between adjusted and reported measures are also included in the relevant notes.