British American Tobacco Exceeds Revenue Projections, Raises Growth Outlook
British American Tobacco PLC has delivered a robust update on its first half performance, surpassing revenue expectations and setting the stage for a strong fiscal year 2025. The company’s revenue growth now stands at one to two percent, a notable increase from its previous guidance of one percent.
This upward revision in revenue growth is expected to drive a corresponding increase in adjusted profit from operations, with the company now projecting growth of 1.5 to two and a half percent. This positive outlook is a testament to the company’s strategic deployment phase, which is yielding tangible results.
According to CEO Tadeu Marroco, the company’s performance is a reflection of its commitment to innovation and operational excellence. “We are pleased to see our efforts paying off, and we remain confident in our ability to deliver strong results in the year ahead,” he stated.
The market has responded positively to the news, with a moderate increase in the stock price. While it remains below its 52-week high, the current market price reflects a growing sense of optimism among investors. As the company continues to execute its strategy, investors can expect further updates on its progress.
Key Highlights:
- Revenue growth revised upward to one to two percent
- Adjusted profit from operations growth projected at 1.5 to two and a half percent
- CEO Tadeu Marroco cites deployment phase as key driver of success
- Stock price shows moderate increase, with room for further growth