BAT released its Q1 statement. Volumes were up +2.4% on an organic basis (+3.6% including acquisitions) vs. consensus at 0.9%. The Global Drive Brands posted a strong +10.5% in volumes and gained +20 bps in market share. Revenue was up +7.5% on constant FX and +1.7% at current FX. The price mix stood at +4%. The group confirmed its FY outlook: good earnings growth on constant FX.
27 Apr 2016
Q1 better than expected
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Q1 better than expected
British American Tobacco p.l.c. (BATS:LON) | 2,368 213.2 0.4% | Mkt Cap: 52,833m
- Published:
27 Apr 2016 -
Author:
Anna Zyniewicz -
Pages:
2
BAT released its Q1 statement. Volumes were up +2.4% on an organic basis (+3.6% including acquisitions) vs. consensus at 0.9%. The Global Drive Brands posted a strong +10.5% in volumes and gained +20 bps in market share. Revenue was up +7.5% on constant FX and +1.7% at current FX. The price mix stood at +4%. The group confirmed its FY outlook: good earnings growth on constant FX.