BAT reported FY19 results close to the consensus and our estimates given it had provided an update in late November. No surprises in the FY20 outlook either, while FCF remains resilient. No change in the New Category products revenue target (£5bn in 2023/24), which is quite reassuring in the current destabilised environment.
27 Feb 2020
Pleased with the FY19 and outlook
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Pleased with the FY19 and outlook
British American Tobacco p.l.c. (BATS:LON) | 2,348 -328.8 (-0.6%) | Mkt Cap: 52,387m
- Published:
27 Feb 2020 -
Author:
Laura Parisot -
Pages:
3
BAT reported FY19 results close to the consensus and our estimates given it had provided an update in late November. No surprises in the FY20 outlook either, while FCF remains resilient. No change in the New Category products revenue target (£5bn in 2023/24), which is quite reassuring in the current destabilised environment.