British American Tobacco H1 group revenues fall, smokeless revenue rises
![British American Tobacco | Sharecast graphic / Josh White dl british american tobacco plc bats consumer staples food beverage and tobacco tobacco tobacco ftse 100 premium bat 20230327 2018](https://img4.s3wfg.com/web/img/images_uploaded/7/b/dl--british-american-tobacco-plc--bats--consumer-staples--food-beverage-and-tobacco--tobacco--tobacco--ftse-100--premium--bat--20230327-2018_620x350.jpg)
British American Tobacco
2,922.50p
16:30 06/09/24
Tobacco group British American Tobacco said on Thursday that smokeless revenues had grown in H1 but stated overall revenues had fallen as a result of the divestment of its Russian and Belarusian business and FX headwinds.
Cboe Brexit Low 50
15,638.20
16:29 06/09/24
Cboe Europe 50
17,344.92
11:45 01/12/20
Cboe Europe All Companies
51.46
11:45 01/12/20
Cboe Europe Consumer Non-Cyclicals Sector
18,212.09
11:45 01/12/20
Cboe UK 100
817.18
16:29 06/09/24
Cboe UK 100 NTR
898.33
16:29 06/09/24
Cboe UK 350
14,441.19
16:30 06/09/24
Cboe UK 350 NTR
23,654.46
16:29 06/09/24
Cboe UK All Companies
14,324.96
16:29 06/09/24
Cboe UK All Companies NTR
24,143.16
16:29 06/09/24
Cboe UK Consumer Non-Cyclicals Sector
14,826.05
16:30 06/09/24
Cboe UK Consumer Non-Cyclicals Sector NTR
24,850.82
16:30 06/09/24
British American Tobacco said total revenues were down 8.2% at £12.34bn on a reported basis, while organic revenues were down 0.8% at constant currency rates, mainly due to its investment in US commercial actions and the negative impact of wholesaler inventory movements.
Reported profits from operations sunk 28.3% to £4.25bn, driven by higher amortisation charges related to its US combustibles brands and its exit from the Russian and Belarusian markets.
However, revenue from smokeless products grew 1.4% to make up 17.9% of group revenues. BAT's new categories contribution also increased, up by £165.0m on an organic, constant currency basis.
Reported diluted earnings per share were 13.8% higher at 200.3p.
As of 0930 BST, BAT shares were up 2.52% at 2,641.00p.
Reporting by Iain Gilbert at Sharecast.com