LONDON, Dec 8 Reuters British American Tobacco said on Thursday it expects fullyear revenue growth of between 2 and 4 at constant currency rates, as more people are using its ecigarettes and oral nicotine products.
BAT forecast midsingle digit adjusted diluted earnings per share growth on a constant currency basis for the year ending Dec. 31.
The Lucky Strike cigarette maker also expects strong adjusted operating margin improvement despite increasing inflation in our supply chain.
BAT estimated that 3.2 million more consumers began using its noncombustible products in the first nine months of the year, bringing the total number of users to about 21.5 million people.
The company added that sales of its combustible cigarette brands were flat in the third quarter but did not provide a fullyear sales forecast for that business.
Reporting by Richa Naidu; Editing by Susan Fenton
Source Reuters