British American Tobacco p.l.c. (BTI) Reports Q2 EPS of 200.30p

British American Tobacco p.l.c. (NYSE: BTI) reported Q2 EPS of 200.30p. Revenue for the quarter came in at GBP12.34 billion.

Full-Year 2024 Guidance

– Global tobacco industry volume expected to be down c.2% with continued weakness in U.S., France and Sudan, offset by an improving
outlook in Türkiye and Mexico.
– Low-single figure organic constant currency revenue growth.
– Low-single figure organic adjusted profit from operations growth, including a c.2% transactional FX headwind.
– Expected translational foreign exchange headwind of c.4% on full-year adjusted profit from operations.
– Net finance costs now expected to be around £1.7 billion, subject to FX and interest rate volatility.
– Gross capital expenditure in 2024 of approximately £600 million.
– Operating cash flow conversion in excess of 90%.
– Expect to be within our narrowed leverage target range of 2.0-2.5x adjusted net debt/adjusted EBITDA* by year-end 2024.

For earnings history and earnings-related data on British American Tobacco p.l.c. (BTI) click here.

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