BAT 9M earnings update: Revenue at constant FX grew +8.1% and 10.2% at current FX (pound weakness). Cigarette volumes were up +2.2% and +0.9% on an organic basis (some deceleration in Q3). The price/mix stood at over 5%. Global Drive Brands volumes were up +9.8% (weaker Q3). The group’s market share was up +40bp (better Q3). The group highlighted its very good performance of next generation products (with a 35% UK market share and further geographic expansion). Following FX movements, t
21 Oct 2016
9M: Q3 volumes decelerate, launches offer for Reynolds
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9M: Q3 volumes decelerate, launches offer for Reynolds
British American Tobacco p.l.c. (BATS:LON) | 2,312 0 0.0% | Mkt Cap: 51,594m
- Published:
21 Oct 2016 -
Author:
Anna Zyniewicz -
Pages:
2
BAT 9M earnings update: Revenue at constant FX grew +8.1% and 10.2% at current FX (pound weakness). Cigarette volumes were up +2.2% and +0.9% on an organic basis (some deceleration in Q3). The price/mix stood at over 5%. Global Drive Brands volumes were up +9.8% (weaker Q3). The group’s market share was up +40bp (better Q3). The group highlighted its very good performance of next generation products (with a 35% UK market share and further geographic expansion). Following FX movements, t