BAT to Host Capital Markets Day on October 16th

Oct.17.2024

British American Tobacco (BAT) to showcase smoke-free transformation at investor event in Southampton, aiming for sustainable value creation.

On October 15th, British American Tobacco (BAT) announced on its official website that it will be hosting a Capital Markets Day event for institutional investors and analysts on October 16th at its Innovation Centre in Southampton, UK. BAT stated that the purpose of this event is to demonstrate how the company is combining its scientific, innovative, extensive capabilities, and talent to achieve a smoke-free world, bringing long-term sustainable value to all stakeholders.

BAT CEO Tadeu Marroco and Chief Financial Officer Soraya Benchikh will attend the meeting with their team to provide a detailed overview of BAT's transformation journey.

The company emphasized its plan to become primarily focused on smoke-free products by 2035. This means their goal is to have 50% of the company's revenue coming from smoke-free products by that time. Smoke-free refers to non-combustible items, including vapor products, heated tobacco products, modern oral pouches, and traditional oral smokeless tobacco. Additionally, BAT is expected to achieve low single-digit organic revenue growth and adjusted operating profit growth in the 2024 fiscal year. They aim to achieve 3-5% organic revenue growth and mid single-digit adjusted operating profit growth by 2026, calculated based on organic, constant currency rates.

The speech for this event will begin at 8:30 am on October 16, 2024.

References:

[1] BAT Capital Markets Day

Also Read:

[1] BAT to Launch Synthetic Nicotine e-Cigarette in South Korea

[2] BAT Executives Urge UK to Crack Down on Illegal e-Cigarettes

[3] BAT Presents Innovative Vuse Go Device at InterTabac Expo

[4] BAT Launches "Omni™" Report Resource for Tobacco Harm Reduction.

[5] Expansion of EBN's Nationwide Equipment Recycling Program for Environment Protection.

[6] BAT Kenya to Sell Nicotine Pouch Factory Equipment in Nairobi

[7] Meeting Between State Tobacco Monopoly Administration and English-American Tobacco Group

#Europe #UK #Heated tobacco products #Major companies

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Sarawak Cabinet Approves Gradual Ban on Vape Products to Curb Rising Youth Use

The Sarawak Cabinet has agreed to implement a phased ban on vape products amid growing concern over rising use among youths. Welfare, Community Wellbeing, Women, Family and Childhood Development Minister Datuk Seri Fatimah Abdullah said the move demonstrates the state’s firm commitment to safeguarding young people’s health and future.

Nov.17 by 2FIRSTS.ai

Congress Calls on FDA to Allocate at Least $200 Million for ENDS Enforcement, Multi-Agency Task Force to Target Illegal e-Cigarette Imports. IKE Tech and Ispire Utilize Blockchain and Age Verification Technology to Support Regulation, Submit Chips as Part

Congress demands FDA allocate at least $200 million for ENDS enforcement; multi-agency task force to combat illegal e-cigarette imports.

Nov.18 by 2FIRSTS.ai

China Opens 2026 National E-Cigarette Standards Project for Public Submissions

The State Administration for Market Regulation (SAMR) and the State Tobacco Monopoly Administration (STMA) jointly announced the launch of the 2026 National Standardization Project for E-cigarettes. The initiative, coordinated by the National Technical Committee on Standardization of E-cigarettes, aims to enhance the industry’s regulatory framework through new standards on manufacturing, storage, distribution, and evaluation.

Nov.27 by 2FIRSTS.ai

Breaking News | FDA Adds on! Plus Nicotine Pouches to PMTA-Authorized List

The U.S. Food and Drug Administration (FDA) has added ON! Plus nicotine pouch products to its list of authorized products, disclosing that the brand has received Marketing Granted Orders (MGO) through the Premarket Tobacco Product Application (PMTA) pathway. The update makes on! Plus the second nicotine pouch brand authorized via PMTA, following ZYN. As of publication, the FDA had not issued a separate press release on the decision.