While Altria’s results at the beginning of the week did not reassure, BAT reported pleasing H1 results. The numbers were in line with the group’s guidance and beat consensus estimates on the major metrics. While the cigarette volume fell, the strong pricing drove up the top-line and profitability.
01 Aug 2019
Top-line beat, pushed up by strong pricing
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Top-line beat, pushed up by strong pricing
British American Tobacco p.l.c. (BATS:LON) | 2,310 392.8 0.7% | Mkt Cap: 51,549m
- Published:
01 Aug 2019 -
Author:
Laura Parisot -
Pages:
3
While Altria’s results at the beginning of the week did not reassure, BAT reported pleasing H1 results. The numbers were in line with the group’s guidance and beat consensus estimates on the major metrics. While the cigarette volume fell, the strong pricing drove up the top-line and profitability.