On Thursday, British American Tobacco announced that it expects its annual revenue to increase by 2% to 4% on a fixed exchange rate basis, due to the growing use of its electronic cigarettes and oral nicotine products.
British American Tobacco predicts a mid-single digit increase in adjusted diluted earnings per share on a constant currency basis for the fiscal year ending December 31st.
Cigarette manufacturer Lucky Strike also expects that "despite the constantly increasing inflation rate in our supply chain, the adjusted operating profit margin will significantly improve.
Tobacco giant, British American Tobacco, estimates that in the first nine months of this year, 3.2 million consumers started using its non-combustible products, bringing the total number of users to approximately 21.5 million people.
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