British American cigarettes (LON: BATS) have raised its full-year revenue guidance.
Previously, the group estimated a 3% decline in revenue. The expected revenue decline is currently 2.5%. Meanwhile, global cigarettes and tobacco sales are expected to be at a low of 5%.
In a statement, Jack Bowles, the group’s chief executive, said: Reducing the health impact of our business by offering a variety of fun and low-risk products is
You can make the greatest contribution to society. We continue to clarify that flammable cigarettes pose serious health risks, and the only way to avoid these risks is to start or stop.
“British American cigarettes encourage people to continue smoking and switch completely if not.
Reducing scientifically proven risk alternatives. Expanding new categories
I’m doing business as fast as possible, but I’m proud to be able to have a fireproofness of around 13 million people now.
Product Consumers. We continue to increase our investments in three new categories
While continuing, it could potentially leverage momentum to reduce risky tobacco alternatives
To realize our financial commitments. ”
British American cigarettes continue to perform ongoing value share performance, seeing strong trades in the US market.
The group announced a dividend payment rate of 65%.
British American tobacco stocks (LON: bats) trade 0.14% at 2.898,00 (1044GMT).
