British American Tobacco PLC

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Mar 6, 2018 - it constitute financial, tax, legal, investment, or other advice. Nothing contained in this webinar consti
British American Tobacco PLC 6 March 2018

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Recommendation

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BATS Highlights • Financial Highlights: • Organic revenue growth of 2.9% ➢ Organic volumes down 2.6% ➢ Favourable price mix of 5.5% • Organic adjusted operating profit ↑ 3.7% • Adjusted EPS ↑ 15% (↑ 10% Constant currency basis) to 284.4cps

• Prospects:

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• Expanded product range • Significant progress with NGPs - tobacco heating product (THP) ➢ Revenue from NGPs expected to double in 2018 • US Tax Reform expected to have favourable impacts • EPS ↑ 8% in FY18

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Portfolio Guidance • Capped SWIX weighting of 3.2% • Recommended portfolio exposure of up to 8.14%

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Place a trade

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