British American Tobacco PLC on Thursday reiterated 2022 guidance for revenue and earnings growth.
The FTSE 100 tobacco group
BTI,
BATS,
maintained full-year constant-currency guidance of revenue growth at 2% to 4%, and mid-single-digit adjusted diluted earnings-per-share growth, with operating cash conversion of more than 90%.
Applying current foreign-exchange rates, BAT said that this would translate into an adjusted EPS tailwind of 2% for the first half and 5% for the full year.
The company said its first-half results will reflect a strong prior-year comparator in the U.S. and the sale of its business in Iran last year.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
This post was originally published on Market Watch
