BAT sticks to earnings forecast, flags first signs of sales weakness By Reuters

© Reuters.

(Reuters) – British American Tobacco (L:) said on Thursday it was maintaining its guidance of high single figure earnings per share growth for 2020 while expecting some impact on volume and revenue growth in the second-quarter due to the coronavirus.

The world’s No. 2 tobacco company expects 2020 constant currency adjusted revenue growth around the low end of the 3% to 5% range and will continue with its dividend pay-out ratio of 65% of adjusted diluted EPS and growth, it said.

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