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Tobacco group BAT sticks to full-year revenue forecast

2023-06-06 14:20
British American Tobacco maintained its full-year revenue growth outlook on Tuesday, betting on steady demand for its vaping
Tobacco group BAT sticks to full-year revenue forecast

British American Tobacco maintained its full-year revenue growth outlook on Tuesday, betting on steady demand for its vaping and oral nicotine products and higher prices.

The Lucky Strike cigarette maker expects a 3% to 5% rise in organic revenue at constant currency rates for 2023, with performance anticipated to be weighted towards the second half of the year.

(Reporting by Eva Mathews in Bengaluru; Editing by Subhranshu Sahu)