British American Tobacco Sees Good Performance in 1st Half 2019

Date : 06/12/2019 @ 7:55AM
Source : Dow Jones News
Stock : British American Tobacco P.L.C. (BTI)
Quote : 36.3  -0.65 (-1.76%) @ 4:59AM

British American Tobacco Sees Good Performance in 1st Half 2019

British American Tobacco (LSE:BATS)
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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


(END) Dow Jones Newswires

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

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

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