By Ian Walker

 

British American Tobacco PLC said Wednesday that first-quarter revenue grew 3.3% on a constant currency basis, above its revised guidance range of 1%-3%, 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, added 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.

For the year ended Dec. 31, 2020, BAT reported revenue of 25.78 billion pounds ($35.87 billion) and adjusted EPS of 215.6 pence.

BAT said 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.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

April 28, 2021 02:49 ET (06:49 GMT)

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