British American Tobacco PLC
BATS
ISIN GB0002875804 / Valor 909525
British American Tobacco PLC
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About company
British American Tobacco PLC is a multinational tobacco company that operates globally, with a focus on manufacturing and selling cigarettes and other tobacco products. The company has a significant presence in various markets around the world, including Europe, Asia, Africa, and the Americas. British American Tobacco PLC is known for its portfolio of well-known cigarette brands, as well as its efforts to diversify into new product categories such as vaping and heated tobacco products. The company's business strategy is centered around innovation, marketing, and distribution to maintain its position as a leading player in the tobacco industry.
Summarized from source with an LLMView SourceSector: Consumer Non-CyclicalsLatest Results (20.08.2024):
Revenue Decline
British American Tobacco PLC reported a revenue decrease of 8.2% for the first half of 2024, amounting to £12,340 million. This decline was primarily driven by the sale of businesses in Russia and Belarus in September 2023 and adverse foreign exchange movements. On an organic constant rate basis, revenue was down 0.8%, mainly due to investments in U.S. commercial actions and negative impacts from wholesaler inventory movements.
Profit from Operations
For the first half of 2024, British American Tobacco PLC's reported profit from operations fell by 28.3%, with the operating margin decreasing by 9.7 percentage points to 34.5%. This decline was attributed to higher amortization charges related to U.S. Combustibles brands and the impact of the sale of businesses in Russia and Belarus. Adjusted organic profit from operations was down 0.9% at constant FX, with the adjusted organic operating margin remaining flat at 44.9%.
New Categories Performance
Revenue from New Categories for British American Tobacco PLC decreased by 0.4% in the first half of 2024. However, on an organic constant rate basis, it increased by 7.4%. The contribution from New Categories rose by £165 million on an organic, constant FX basis, indicating a positive trend in this segment despite the overall revenue decline.
Earnings Per Share
British American Tobacco PLC reported a 13.8% increase in diluted earnings per share (EPS) to 200.3 pence for the first half of 2024. This rise was largely due to one-off credits related to ITC monetization and net finance costs. Adjusted organic diluted EPS also saw a modest increase of 1.3% at constant FX, reflecting the company's efforts to maintain profitability amidst challenging market conditions.
Share Buy-Back Programme
British American Tobacco PLC initiated a sustainable share buy-back programme, enabled by the partial monetization of its ITC stake. The company plans to repurchase £700 million worth of shares in 2024 and £900 million in 2025. This move is part of the company's strategy to enhance financial flexibility and deliver strong cash returns to shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
82081 M
Market cap (USD)
2,649,799
Daily traded volume (Shares)
29.32 / 29.14
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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