Join our community of smart investors

British American Tobacco aims for growth from new products

The tobacco company expects revenue growth from new categories like vapour to reach between 30 per cent and 50 per cent by the full year
British American Tobacco aims for growth from new products

British American Tobacco (BATS) expects to deliver revenue growth in its new categories, including tobacco heating products and vapour, around the mid-range of its 30 per cent to 50 per cent guidance this financial year. Revenue growth from these products was said to be “approaching” this guidance range during the first half, after trading had been hurt by regulatory uncertainty in the US and the unwinding of high inventories at the end of last year. But sales are expected to accelerate in the second half with new product launches.

IC TIP: Buy at 2936p

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in