British American on track for low-single digit sales growth in fiscal 2024

Ahead of the company’s capital markets day, British American Tobacco said, “We remain on track to deliver low-single digit organic revenue and adjusted profit from operations growth in FY24. We will progressively improve our delivery to 3-5% organic revenue growth, and mid-single figure adjusted profit from operations growth, on an organic, constant currency basis by 2026. Extrapolating current spot rates, we anticipate currency translation to be a .5% headwind on FY24 adjusted profit from operations. All other guidance is unchanged.” The company added, “We are committed to Building a Smokeless World and becoming a predominantly smokeless1 business by 2035. By providing smokers with access to a wide range of smokeless products, we can drive forward Tobacco Harm Reduction and, ultimately, make cigarettes a thing of the past.”