BAT raises gross sales progress outlook as people who smoke swap to much less dangerous merchandise By Reuters
© Reuters. FILE PHOTO: Fortunate Strike cigarettes are seen in the course of the manufacturing course of within the British American Tobacco Cigarette Manufacturing unit (BAT) in Bayreuth, Germany, April 30, 2014. REUTERS/Michaela Rehle/File Photograph
(Reuters) – British American Tobacco (NYSE:) on Tuesday raised its annual income progress forecast to greater than 5% at fixed forex because the cigarette maker’s deal with newer merchandise like e-cigarettes and tobacco-heating units pays off.
The maker of Fortunate Strike and Newport cigarettes stated its “new class” merchandise had gained shares in all key markets, together with the USA the place menthol cigarettes and flavoured cigars are dealing with a attainable ban.
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