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BAT 9-month cigarette sales volume up 2 pct

BAT 9-month cigarette sales volume up 2 pct

British American Tobacco PLC said Wednesday that cigarette sales volumes rose 2 percent in the first nine months, thanks to acquisitions in Denmark and Turkey. Not counting those deals, though, BAT sales fell.
The company said volume growth to 533 billion was driven by last year's acquisition of Skandinavisk Tobakskompagni in Denmark and Tekel in Turkey. The company reported "strong" revenue growth in constant currency and reported terms but released no figures.
Excluding the impact of acquisitions, volume was down 3 percent, the company said.
Trading conditions were "deteriorating," BAT said, "with industry volumes lower in a number of markets including Japan, Russia, Brazil, Italy and South Africa, as well as a decline in the premium segment in the third quarter."
Volume was flat in Asia-Pacific, down 9 percent in the Americas, up 10 percent in Western Europe, up 19 percent in Africa and the Middle East and down 7 percent in Eastern Europe.
Volume for BAT's four "global drive brands" _ Dunhill, Lucky Strike, Pall Mall and Kent _ rose 2 percent, the company said.
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http://www.bat.com


Updated : 2021-02-26 21:34 GMT+08:00