This post was originally published on this site
British American Tobacco PLC on Thursday reiterated 2022 guidance for revenue and earnings growth.
The FTSE 100 tobacco group
BTI,
BATS,
maintained full-year constant-currency guidance of revenue growth at 2% to 4%, and mid-single-digit adjusted diluted earnings-per-share growth, with operating cash conversion of more than 90%.
Applying current foreign-exchange rates, BAT said that this would translate into an adjusted EPS tailwind of 2% for the first half and 5% for the full year.
The company said its first-half results will reflect a strong prior-year comparator in the U.S. and the sale of its business in Iran last year.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
