BAT (BATS LN, HOLD, T/P 3900p) reported a better than expected 6.1% organic, currency adjusted sales growth rate in the first quarter of 2016 compared with 1.7% in the same period last year and +5.4% in the whole of 2015. This was ahead of both 4% market expectations (source: Bloomberg) and the +2.4% reported by its chief international competitor Philip Morris International (PM US, N/R). These data all refer to constant exchange rates.
26 Apr 2016
Strike rate unusually brisk in Q1
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Strike rate unusually brisk in Q1
British American Tobacco p.l.c. (BATS:LON) | 2,346 0 0.0% | Mkt Cap: 52,320m
- Published:
26 Apr 2016 -
Author:
Chris Wickham -
Pages:
3
BAT (BATS LN, HOLD, T/P 3900p) reported a better than expected 6.1% organic, currency adjusted sales growth rate in the first quarter of 2016 compared with 1.7% in the same period last year and +5.4% in the whole of 2015. This was ahead of both 4% market expectations (source: Bloomberg) and the +2.4% reported by its chief international competitor Philip Morris International (PM US, N/R). These data all refer to constant exchange rates.