BAT: 2024 performance in line with forecasts

(CercleFinance.com) - British American Tobacco (BAT) announces that its performance for FY 2024 is in line with forecasts, thanks to an expected acceleration in H2.


The company anticipates improved revenues in 'New Products' and 'Fuels', and reports increased profitability in 'New Products' through targeted investments.

Thus, in the AME region (Americas and Europe), there is continued combined use of new product categories, which benefits the vaping products segment.

The leading position in value share is maintained at 31.6%, thanks to strong performances in Spain, France and Germany.

Against this backdrop, BAT maintains a Group cash conversion of over 90%.

Company Boss, Tadeu Marroco, highlights the investment strategy adopted over the past 18 years, which has enabled BAT to strengthen its business. '[This strategy] is working, despite a difficult macroeconomic context', he says.

BAT reinstates its commitment to shareholders through progressive dividends and a sustainable share buyback, aiming for annual organic growth of 3%-5% by 2026.


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