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BATS British American Tobacco Plc

2,433.00
32.00 (1.33%)
10 May 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
  32.00 1.33% 2,433.00 2,433.00 2,434.00 2,447.00 2,409.00 2,409.00 5,573,444 16:29:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cigarettes 27.72B -14.37B -6.4241 -3.79 54.41B

British American Tobacco Sees Good Performance in 1st Half 2019

12/06/2019 7:55am

Dow Jones News


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

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By Adriano Marchese

 

British American Tobacco PLC (BATS.LN) said Wednesday that business continues to perform well in the first half of fiscal 2019 and that it is on track to deliver a good performance for the full year.

The tobacco company said that revenue on a constant-currency basis is expected to be in the mid-to-upper half of its long-term guidance range of 3% and 5%. It also said that adjusted operating profit growth are in line with its guidance, but didn't provide any further figures. Additionally, BATS expects to deliver high single-figure adjusted diluted earnings-per-share growth at constant currency.

BATS said that deleveraging remains on track, and that the business expects to deliver free cash flow after dividends of 1.5 billion pounds ($1.9 billion) for the full year.

The company also said that it intends to consolidate its new category portfolio into fewer brands.

 

Write to Adriano Marchese at adriano.marchese@dowjones.com

 

(END) Dow Jones Newswires

June 12, 2019 02:40 ET (06:40 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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