British American Tobacco Releases First-Half Results Report
British American Tobacco yesterday (June 3) released its pre-close trading update for the first half of 2025, followed by a brief conference call and Q&A hosted by CEO Tadeu Marroco, CFO Soraya Benchikh, and Head of Group Investor Relations Victoria Buxto
British American Tobacco yesterday (June 3) released a pre-close trading update for the first half of 2025, followed by a brief conference call and Q&A session hosted by Chief Executive Officer Tadeu Marroco, Chief Financial Officer Soraya Benchikh, and Head of Group Investor Relations Victoria Buxton.
Marroco said: “Our first-half revenue performance was slightly ahead of previous expectations, and we now expect full-year revenue to grow by 1-2%, supporting adjusted operating profit growth of 1.5% to 2.5%. 2025 is a deployment year and, as previously highlighted, we expect performance to be weighted toward the second half, mainly driven by new-category innovation launches in key markets starting from mid-year.”
Analysts said that improved performance in modern oral products and U.S. combustible products prompted the company to raise its 2025 revenue growth outlook from the previous 1% to 1%-2%. After the report was released, British American Tobacco shares rose 2%.
