By Ian Walker


British American Tobacco PLC said Thursday that it has continued to perform well so far this year, and backed its full-year guidance.

The FTSE 100 cigarette maker--which houses the Kent, Dunhill and Lucky Strike brands--said the board expects to report revenue growth of 2% to 4%, and mid-single figure constant currency adjusted earnings per share this year, as guided for last month. Growth second-half weighted, it said.

On March 11 BATs started to transfer its Russian business after declaring that it was no longer sustainable in the current environment. It also lowered guidance for the year to reflect the continuing uncertainty related to Russia and Ukraine.

The company said Thursday that its medium term guidance remains unchanged. It expects to deliver 3%-5% constant currency group revenue growth, and high-single figure EPS growth by 2025. In addition the board has targeted 5 billion pounds ($6.27 billion) of new category revenue by 2025.

Shares at 1059 GMT were up 4.50 pence, or 0.1%, at 3,333.50 pence.


Write to Ian Walker at ian.walker@wsj.com


(END) Dow Jones Newswires

04-28-22 0719ET