British American Tobacco $BATS (-1,84%) announced today that the company is reporting a profit for the full year 2024, while sales declined year-on-year.
- Profit attributable to shareholders for the 12 months to December 31, 2024 was £3.07 billion, compared to an attributable loss of £14.19 billion previously
- Earnings per share were £1.36 compared to a loss per share of £6.466
- The tobacco group's revenue was £25.87 billion, compared to £27.28 billion a year ago
- However, sales of new age products such as e-cigarettes, tobacco heaters and tobacco pouches grew only slightly in 2024, by 2.5 percent to 3.4 billion pounds
Analysts had expected sales of £26.03 billion, net profit of £8.03 billion and EPS of £3.64
- the interim dividend will increase from £2.3552 to £2.4024 per share (equivalent to around 2%) for 2024, payable in equal installments in May 2025, August 2025, November 2025 and February 2026
- Share buyback program worth 900 million pounds for the year 2025
In addition, British American Tobacco expects sales growth of 1.5 - 2.5% in 2025 and said it remains committed to dividend growth.
