Imperial Brands PLC (LSE:IMB) said it expects full-year results to be in with guidance.
The maker of Lambert & Butler, Winston and Davidoff cigarettes sees full-year net revenue growth of 0-1% on a constant currency basis and adjusted operating profit growth of around 1%.
Adjusted operating profit is set to grow 2% due to reduced losses in its next generation products such as vapours, where it said it is making "good progress".
However, the group expects to report flat first-half net revenue.
First-half leverage (adjusted net debt to EBITDA) is set to improve on a 12-month basis and the company said it is on track to deliver a 12-month leverage of about 2.4 times at the half-year and a further year-on-year improvement in leverage for the full year.
On 15 March, the company told investors it expected "a relatively small impact" on constant currency adjusted operating profit due to Russia's invasion of Ukraine.
Today, Imperial said it continues talks with a local third party about "an orderly transfer" of its Russian assets and operations as a going concern.
The FTSE 100-listed firm will publish its interim results for the six months ended March 31 on May 17.
The stock was trading 2.94% higher at 1,663.50p in morning trades.