BATs Sees Trading in Line, Expects Strong Market-Share Growth
June 12 2018 - 1:54AM
Dow Jones News
By Oliver Griffin
British American Tobacco PLC (BATS.LN) said Tuesday that it
continues to see trading in line with views, expecting strong
market-share growth on the back of its global drive brands.
The maker of Dunhill and Lucky Strike cigarettes said growth in
both adjusted revenue and adjusted profit are expected to be
weighted toward the second half of the year as the impact from
significant events will affect the comparison with the first half
of 2017.
The company warned that if exchange rates are unchanged it
expects they will have a negative effect of 8% on operating profit
in the first half of 2018 and 6% for the full year.
BATs said it continues to aim to more than double revenue from
next-generation products, such as vapor and heated tobacco
products, to substantially more than 1 billion pounds ($1.34
billion) by the end of 2018.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
June 12, 2018 02:39 ET (06:39 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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