H1 update: revenue at constant FX and representative basis was up +1.9% (in line with consensus). On reported figures, sales were up +56.9% (including Reynolds). At constant FX and representative basis: cigarette volumes were down 3.1% whereas THP volumes were up 855% (which translates into the overall combustible volumes of -2.1%). Vapour device volumes were up +16.5%. The revenue from the strategic portfolio (strategic cigarettes, NGP, oral) was up +8.5% at constant FX and representative ba
26 Jul 2018
H1 looks good, will test THP in the US
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H1 looks good, will test THP in the US
British American Tobacco p.l.c. (BATS:LON) | 2,408 409.3 0.7% | Mkt Cap: 53,793m
- Published:
26 Jul 2018 -
Author:
Anna Zyniewicz -
Pages:
3
H1 update: revenue at constant FX and representative basis was up +1.9% (in line with consensus). On reported figures, sales were up +56.9% (including Reynolds). At constant FX and representative basis: cigarette volumes were down 3.1% whereas THP volumes were up 855% (which translates into the overall combustible volumes of -2.1%). Vapour device volumes were up +16.5%. The revenue from the strategic portfolio (strategic cigarettes, NGP, oral) was up +8.5% at constant FX and representative ba