British American Tobacco (BAT) forecasts low single-digit declines in first-half underlying revenues and adjusted profits, but remains on track for full-year guidance.
British American Tobacco (BAT) expects low single-digit declines in its first-half underlying revenues and adjusted profits, but is on track to deliver on its full-year guidance. The company's growth is driven by phased innovation in its New Categories division and benefits from US commercial actions. BAT anticipates low single-digit growth in revenue and adjusted profit on an organic, constant-currency basis for the year, with growing momentum in the second half.
June 04, 2024
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