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Tobacco group BAT sticks to full-year revenue forecast
2023.06.06 02:25
© Reuters. FILE PHOTO: A woman poses with a cigarette in front of BAT (British American Tobacco) logo in this illustration taken July 26, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) – British American Tobacco (NYSE:) maintained its full-year revenue growth outlook on Tuesday, betting on steady demand for its vaping and oral nicotine products and higher prices.
The Lucky Strike cigarette maker expects a 3% to 5% rise in organic revenue at constant currency rates for 2023, with performance anticipated to be weighted towards the second half of the year.
