BAT sees no impact yet from Iran war

(Sharecast News) - British American Tobacco said the Iran war was not currently having a significant impact on the group's business as it also forecast annual results to be at the lower end of guidance. Speaking at the cigarette company's annual general meeting chair Luc Jobin said BAT continued to be highly cash generative, and expected to deliver more than £50bn of free cash flow between 2024 and 2030. .

He also said the company expected a 2% to 3% hit to adjusted diluted earnings per share in 2026 due to currency headwinds.

"We continue to expect performance at the lower end of our guided ranges this year, reflecting the time required to stabilise the APMEA region and our continued investment behind premium innovation roll-outs," he said.

"We also expect profit delivery to remain second-half weighted, driven by the phasing of New Category investment and build of Fit2Win savings through the year."

Reporting by Frank Prenesti for Sharecast.com