BAT: stock up after 2019 results

(CercleFinance.com) - BAT (British American Tobacco) is up around in London on Thursday, after the group announced its 2019 results, which included adjusted EPS that is up 8.
6% (at constant exchange rates) at 323.8 pence, with a 50-bp improvement in its adjusted operating margin to 43.1%.

Its adjusted revenues increased by 6.2% to over 25.8 billion pounds (+5.6% excluding currency effects), in particular thanks to significant mix and price effects which offset a deline in the number of cigarettes sold.

The tobacco giant will pay a dividend that is up 3.6% at 210.4 pence for the past year and says that it is aiming for another year of high single-digit growth in 2020, for its adjusted earnings at constant exchange rates.


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