British American Tobacco Backs 2022 Guidance
09 Junho 2022 - 3:50AM
Dow Jones News
By Jaime Llinares Taboada
British American Tobacco PLC on Thursday reiterated 2022
guidance for revenue and earnings growth.
The FTSE 100 tobacco group maintained full-year
constant-currency guidance of revenue growth at 2% to 4%, and
mid-single-digit adjusted diluted earnings-per-share growth, with
operating cash conversion of more than 90%.
Applying current foreign-exchange rates, BAT said that this
would translate into an adjusted EPS tailwind of 2% for the first
half and 5% for the full year.
The company said its first-half results will reflect a strong
prior-year comparator in the U.S. and the sale of its business in
Iran last year.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
June 09, 2022 02:35 ET (06:35 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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