BATs Performing Well so Far This Year; Backs 2022 Guidance
28 Abril 2022 - 8:34AM
Dow Jones News
By Ian Walker
British American Tobacco PLC said Thursday that it has continued
to perform well so far this year, and backed its full-year
guidance.
The FTSE 100 cigarette maker--which houses the Kent, Dunhill and
Lucky Strike brands--said the board expects to report revenue
growth of 2% to 4%, and mid-single figure constant currency
adjusted earnings per share this year, as guided for last month.
Growth second-half weighted, it said.
On March 11 BATs started to transfer its Russian business after
declaring that it was no longer sustainable in the current
environment. It also lowered guidance for the year to reflect the
continuing uncertainty related to Russia and Ukraine.
The company said Thursday that its medium term guidance remains
unchanged. It expects to deliver 3%-5% constant currency group
revenue growth, and high-single figure EPS growth by 2025. In
addition the board has targeted 5 billion pounds ($6.27 billion) of
new category revenue by 2025.
Shares at 1059 GMT were up 4.50 pence, or 0.1%, at 3,333.50
pence.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
April 28, 2022 07:19 ET (11:19 GMT)
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