British American Tobacco ( (BTI) ) has released its Q2 earnings. Here is a breakdown of the information British American Tobacco presented to its investors.
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British American Tobacco (BAT) is a leading global tobacco company, engaged in the production and sale of cigarettes, smokeless products, and other nicotine products, with a strong focus on innovation and new categories. In its latest half-year report, British American Tobacco announced a slight decline in reported revenue by 2.2% due to currency headwinds, but a 1.8% increase at constant exchange rates. The company highlighted a return to growth in the U.S. market, driven by the success of its Velo Plus product and improved performance in combustibles. Key financial metrics showed a 19.1% increase in reported profit from operations, with a significant rise in operating margin to 42.0%. The company’s smokeless products now account for 18.2% of group revenue, reflecting a strategic shift towards new categories. BAT’s management remains optimistic about meeting its full-year guidance, with expectations of continued growth in new categories and strong cash generation. The company is committed to delivering sustainable value for shareholders through strategic investments and a robust share buy-back program.