Adjusted total revenue for British American Tobacco rose 7% to 25 25.7 billion ($ 34.8 billion), mainly from sales of e-cigarettes and nicotine pills.
The world’s second-largest tobacco company also announced a 1% increase in the dividend to 217.8 pence and a new πρόγραμμα 2bn share repurchase program for 2022.
BAT announced a 51% increase to 2, 2.05 billion in customized sales of the new product line, which includes e-cigarettes and nicotine pills.
Although the unit has not yet shown profits, BAT stressed that it is well on its way to recording revenue of 5 5 billion and profitability by 2025.
“Continued growth in new categories is the cornerstone of BAT’s long-term plans for success,” analysts said, adding that the opportunity to turn consumers to new products is extremely attractive.
BAT stressed that it expects the volumes of the tobacco industry to decrease by 2.5% this year. For 2021, the company had estimated that volumes would remain unchanged.
Adjusted earnings per share fell 0.8% to 329 pence, from 331.7 pence.
The Lucky Strike and Camel company also said it expects a steady 3% -5% increase in revenue this year, and a high single-digit increase in adjusted earnings per share, weighted in the second half of the year.
Source: Capital
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