Correction to British American Tobacco 1Q Trading Update
April 28 2021 - 3:54AM
Dow Jones News
British American Tobacco PLC's revenue grew 3.3% on a constant
currency basis in 2020, above its revised guidance range of 1%-3%.
"British American Tobacco 1Q Revenue Grew 3.3%, Above Revised
Range," at 0634 GMT, incorrectly said that the growth was for the
first quarter. The errors were also repeated in the flash headlines
"British American Tobacco 1Q Constant Currency Revenue Growth 3.3%"
at 0605 GMT and "BAT 1Q Constant Currency Revenue Growth Above
Revised 1%-3% Guidance Range" at 0606 GMT. The correct version
follows:
By Ian Walker
British American Tobacco PLC said Wednesday that the business
has continued to perform well so far this year, accelerating
momentum from the second half of 2020, and it backed its full-year
guidance.
The owner of Camel and Lucky Strike cigarettes, as well as a
range of new categories including vapor and tobacco-heating
products, reiterated that the board is confident for 3%-5% revenue
growth and high single-figure adjusted diluted earnings per share
growth at constant currency post Covid-19.
BAT added that it continues to see strong consumer growth in its
new categories business and is confident to meet its GBP5 billion
revenue target for the business by 2025.
For the year ended Dec. 31, 2020, BAT reported revenue of 25.78
billion pounds ($35.87 billion), a rise of 3.3% on a constant
currency basis, above its revised guidance range of 1%-3%. Adjusted
EPS for 2020 was 215.6 pence.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
April 28, 2021 03:39 ET (07:39 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
OrganiGram (TSX:OGI)
Historical Stock Chart
From Mar 2024 to Apr 2024
OrganiGram (TSX:OGI)
Historical Stock Chart
From Apr 2023 to Apr 2024