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BATS British American Tobacco Plc

2,360.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
British American Tobacco Plc LSE:BATS London Ordinary Share GB0002875804 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2,360.00 2,362.00 2,363.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cigarettes 27.72B -14.37B -6.4241 -3.68 52.85B

British American Tobacco Confident of Fiscal Year 2017 Earnings Growth

13/12/2017 7:50am

Dow Jones News


British American Tobacco (LSE:BATS)
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From Apr 2019 to Apr 2024

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By Adam Clark

 

British American Tobacco PLC (BATS.LN) said Wednesday that trading in the second half of 2017 has proceeded in line with its expectations and that it remains confident of recording solid full-year earnings growth.

BATS expects to report organic operating profit growth for the second half, after benefiting from the phasing of shipments in key markets, although this will be offset by a more difficult pricing environment in some markets, it said.

The company added that its full-year earnings per share will benefit from a currency translation tailwind of 5% and that its integration of Reynolds American Inc. is on track.

BATS forecasts that volumes in the tobacco industry as a whole will fall 4% in 2017, but that it will outperform the industry due to continued market share growth.

 

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

 

(END) Dow Jones Newswires

December 13, 2017 02:35 ET (07:35 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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