Dow Jones Newswires: British American Tobacco backs 2022 guidance


British American Tobacco PLC on Thursday reiterated 2022 guidance for revenue and earnings growth.

The FTSE 100 tobacco group BTI, -2.46% BATS, -0.81% maintained full-year constant-currency guidance of revenue growth at 2% to 4%, and mid-single-digit adjusted diluted earnings-per-share growth, with operating cash conversion of more than 90%.

Applying current foreign-exchange rates, BAT said that this would translate into an adjusted EPS tailwind of 2% for the first half and 5% for the full year.

The company said its first-half results will reflect a strong prior-year comparator in the U.S. and the sale of its business in Iran last year.

Write to Jaime Llinares Taboada at; @JaimeLlinaresT

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