Satisfying FY18 results for a company in a decreasing industry. The FY18 numbers were actually much helped by the total inclusion of Reynolds American. However, the lack of details concerning the FY19 guidance failed to stem our concerns on the medium-long term outlook.
28 Feb 2019
Outlook concerns
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Outlook concerns
British American Tobacco p.l.c. (BATS:LON) | 2,408 0 0.0% | Mkt Cap: 53,786m
- Published:
28 Feb 2019 -
Author:
Laura Parisot -
Pages:
3
Satisfying FY18 results for a company in a decreasing industry. The FY18 numbers were actually much helped by the total inclusion of Reynolds American. However, the lack of details concerning the FY19 guidance failed to stem our concerns on the medium-long term outlook.