H1 update: revenue at constant FX was up +3.5% (adjusted revenue +2.5%) and 15.7% on current FX. Cigarette volumes were down 5.6% on an organic basis (impacted by the increase in tax in Pakistan; excluding Pakistan volumes were down 2.6%). Global Drive Brands volumes were down 1.3% (impacted by Pakistan) with the market share increasing by 50bp. The adjusted operating profit was up +15.8% on reported figures (+3.2% at constant currency), whereas the adjusted operating margin was flat on repor
28 Jul 2017
H1: a good set of results despite the drag from Pakistan
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
H1: a good set of results despite the drag from Pakistan
British American Tobacco p.l.c. (BATS:LON) | 2,384 572.2 1.0% | Mkt Cap: 53,179m
- Published:
28 Jul 2017 -
Author:
Anna Zyniewicz -
Pages:
2
H1 update: revenue at constant FX was up +3.5% (adjusted revenue +2.5%) and 15.7% on current FX. Cigarette volumes were down 5.6% on an organic basis (impacted by the increase in tax in Pakistan; excluding Pakistan volumes were down 2.6%). Global Drive Brands volumes were down 1.3% (impacted by Pakistan) with the market share increasing by 50bp. The adjusted operating profit was up +15.8% on reported figures (+3.2% at constant currency), whereas the adjusted operating margin was flat on repor