British American Tobacco Sees Good Performance in 1st Half 2019
June 12 2019 - 1:55AM
Dow Jones News
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 adriano.marchese@dowjones.com
(END) Dow Jones Newswires
June 12, 2019 02:40 ET (06:40 GMT)
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