British American Tobacco Raises 2021 Revenue Guidance
08 Junio 2021 - 1:41AM
Noticias Dow Jones
By Matteo Castia
British American Tobacco PLC on Tuesday raised its full-year
revenue guidance but said it doesn't expect its travel retail
business to recover from the coronavirus pandemic before next
year.
The FTSE 100 company said it expects revenue growth for 2021 to
be above 5% at constant currency, ahead of previous forecasts for a
growth between 3% and 5%.
"We continue to expect 2021 to be a pivotal year for the
business, with accelerating New Category revenue growth [and] a
clear pathway to New Category profitability by 2025," the owner of
Camel and Lucky Strike cigarettes said, adding it aims to reach
revenue of 5 billion pounds ($7.09 billion) for that division by
the same year.
Still, British American Tobacco said no recovery is expected
until 2022 for its global travel-retail unit.
The company also said it expects a 2% negative impact on
first-half and full-year adjusted profit due to transactional
headwinds.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
June 08, 2021 02:34 ET (06:34 GMT)
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