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Companies >
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Tobacco >
British American Tobacco p.l.c. >
Research >
Good underlying performance wiped out by strong currency headwinds

  • 25 Feb 2016

Good underlying performance wiped out by strong currency headwinds


British American Tobacco p.l.c. (BATS:LON) | 2,610 652.6 1.0% | Mkt Cap: 59,891m


  • AlphaValue
    • Anna Zyniewicz

    • 2 pages

Tobacco image


 
Tobacco image


BAT released its Q4 and FY results. Cigarette volumes decreased by 0.5% (cons -1.8% and against the industry decline of c. -2.3%) and were up +3.0% in Q4. Total tobacco volumes were down 0.8%. Price/mix was up 5.9%. The FY revenue grew +5.4% on a constant currency basis (cons +4.3%, +9% in Q4) and was down 6.4% on a reported basis due to currency headwinds. The adjusted operating profit was up +4% at constant currency and -7% on a reported basis. Excluding transactional headwinds, the operati ....


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Good underlying performance wiped out by strong currency headwinds


British American Tobacco p.l.c. (BATS:LON) | 2,610 652.6 1.0% | Mkt Cap: 59,891m


  • Published: 25 Feb 2016
  • Author: Anna Zyniewicz
  • Pages: 2
  • AlphaValue


BAT released its Q4 and FY results. Cigarette volumes decreased by 0.5% (cons -1.8% and against the industry decline of c. -2.3%) and were up +3.0% in Q4. Total tobacco volumes were down 0.8%. Price/mix was up 5.9%. The FY revenue grew +5.4% on a constant currency basis (cons +4.3%, +9% in Q4) and was down 6.4% on a reported basis due to currency headwinds. The adjusted operating profit was up +4% at constant currency and -7% on a reported basis. Excluding transactional headwinds, the operati ....



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