Imperial Brands said it expects its adjusted operating profit for fiscal 2024 to be close to the middle of its mid-single digit range and its revenue to grow in the low-single digits.

The FTSE 100 tobacco group—which houses Davidoff, Gauloises and JPS among its brands—said Tuesday it sees its performance in the year ahead to be weighted to the second half on the phasing out of its pricing and investments in its next-generation products. It expects its first-half operating profit to grow at low-single digits at constant currency.