BAT ‘is in good shape’ and expects higher earnings in 2019

British American Tobacco expects “another year of good earnings growth” in 2019, despite mooted regulations in the US and competitive threats, chair Richard Burrows says.

In February, BAT said that excluding currency fluctuations and the 2017 acquisition of Reynolds American, adjusted earnings per share in 2018 rose 11.8%. The group, which makes Lucky Strike, Camel and Dunhill cigarettes, said at the time it expected high-single-digit adjusted constant-currency earnings growth in 2019.

“Against a backdrop of a strong set of results and consequently rising share price, all of this, I believe, puts us is a strong position to deliver long-term sustainable growth,” Burrows said at the tobacco company’s AGM on Thursday.At the same time, BAT was “very conscious that investor sentiment over the last year has been negatively impacted by concerns over possible regulation in the US and competitor dynamics in new categories resulting in a sharp fall in our share price”.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Higher earnings lead to jump in shares in Brian Joffe’s Long4LifeSince listing in 2017, the group has bought Holdsport’s Sportsmans Warehouse, Outdoor Warehouse and Performance Brands, and Sorbet, Inhle Beverages and Chill Beverages
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

RDI Reit cuts interim dividend as earnings fallThe landlord plans to reduce exposure to the retail sector amid declining mall valuations in the UK
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Combined Motor Holdings earnings fall amid economic ‘onslaught’Headline earnings per share fall 8.3% even as revenue grows 5.5%
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »