British American Tobacco $BATS (+1,09%) announced that sales development in the first half of the year was slightly above previous forecasts.
The Group now expects sales growth of 1-2% for the 2025 financial year, supporting adjusted operating profit growth of 1.5-2.5%. The company's previous sales growth forecast was around 1%.
Tadeu Marroco, Chief Executive, said: "2025 is a year of development and, as previously mentioned, we expect our performance to be in the second half of the year, mainly due to the launch of new category innovations in key markets from the middle of the year. In the US, I am very pleased that we expect sales and profit growth again in the first half of the year and in fiscal 2025."
