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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  British American Tobacco Plc    BATS   GB0002875804

BRITISH AMERICAN TOBACCO PLC

(BATS)
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British American Tobacco : BAT CEO says supports FDA on youth vaping, challenges idea there is basis for menthol ban

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02/28/2019 | 08:56am EDT

LONDON (Reuters) - British American Tobacco does not believe there is scientific evidence to support potential U.S. restrictions on menthol cigarettes and believes such restrictions would have no impact on smoking rates, its chief executive told Reuters on Thursday.

The U.S. FDA said in 2017 it would consider possibly banning menthol flavouring in tobacco products as part of efforts to curb underage smoking.

"We don't see any scientific research so far that proves (banning mentholated cigarettes) reduces youth consumption or reduces uptake of cigarettes to youngsters," Chief Executive Nicandro Durante told Reuters in an interview.

He said Canada's 2017 menthol ban had no impact on smoking rates. In any event, any such regulation is likely five to nine years away, he said.

On the other hand, Durante said BAT supported the FDA's efforts to reduce under-age vaping.

"BAT doesn't target underage consumers and I think everything the FDA could do in order to avoid this to happen, you have the full support of BAT," he said.

(This story was corrected to show challenges there is basis for menthol ban, not would challenge potential ban)

(Reporting by Martinne Geller)

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Financials (GBP)
Sales 2019 25 159 M
EBIT 2019 10 855 M
Net income 2019 7 050 M
Debt 2019 42 132 M
Yield 2019 6,95%
P/E ratio 2019 9,93
P/E ratio 2020 9,22
EV / Sales 2019 4,42x
EV / Sales 2020 4,18x
Capitalization 69 135 M
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Technical analysis trends BRITISH AMERICAN TOBACCO P
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 34,4  GBP
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Nicandro Durante Chief Executive Officer & Executive Director
Jack Marie Henry David Bowles Chief Executive Officer-Designate & Director
Richard George William Burrows Chairman
Alan Davy Director-Group Operations
John Benedict Stevens Executive Director & Finance Director
Sector and Competitors
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IMPERIAL BRANDS-19.94%22 681
SWEDISH MATCH19.82%7 436
PHILIP MORRIS CR, A.S.0.00%1 146
TURNING POINT BRANDS INC88.24%960