BAT FY revenues rise on higher prices; strong cigarette sales
British American Tobacco
2,402.50p
11:30 28/03/24
0.57%
13.50p
British American Tobacco on Thursday reported a rise in annual revenue as it said it expected another year of high single figure adjusted constant currency earnings growth.
FTSE 100
7,955.57
11:20 28/03/24
n/a
n/a
FTSE 350
4,384.01
11:20 28/03/24
n/a
n/a
FTSE All-Share
4,336.96
11:29 28/03/24
n/a
n/a
Tobacco
26,981.13
11:19 28/03/24
0.54%
143.97
The maker of Luck Strike cigarettes said revenue rose 5.7% to £25.88bn on the back of higher prices and a strong performance from its traditional tobacco business and new products.
Pre-tax profit fell to £7.91bn compared with £8.35bn. The company said it expected adjusted revenue growth at constant rates of exchange in a range of 3% - 5%.
BAT said it anticipated global industry cigarette and tobacco-heating products volume in 2020 to fall around 4%.