FY update: sales are up +6.9% at constant FX (cons. +6.3%, Q4: +3.3%) and +12.6% at current FX (helped by weaker sterling). Group cigarette volume was up +0.2% (cons. +0.8%, Q4: -1.9%) with a 0.8% decline on an organic basis outperforming the industry, which was down by around 3%. Price mix was above 6%. Global Drive Brand (GDB) portfolio volume was up 7.5% with the market share increasing 100bp (GDB now accounts for 49% of the group’s cigarette volume). The operating profit was up +4.1
23 Feb 2017
Rolls out NGP, sees another good year of performlance at constant FX
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Rolls out NGP, sees another good year of performlance at constant FX
British American Tobacco p.l.c. (BATS:LON) | 2,310 392.8 0.7% | Mkt Cap: 51,549m
- Published:
23 Feb 2017 -
Author:
Anna Zyniewicz -
Pages:
3
FY update: sales are up +6.9% at constant FX (cons. +6.3%, Q4: +3.3%) and +12.6% at current FX (helped by weaker sterling). Group cigarette volume was up +0.2% (cons. +0.8%, Q4: -1.9%) with a 0.8% decline on an organic basis outperforming the industry, which was down by around 3%. Price mix was above 6%. Global Drive Brand (GDB) portfolio volume was up 7.5% with the market share increasing 100bp (GDB now accounts for 49% of the group’s cigarette volume). The operating profit was up +4.1