BAT Hosts Capital Markets Day

BAT hosted a capital markets day for institutional investors and analysts at its Innovation Centre in Southampton, U.K., Oct. 16.

During the event, CEO Tadeu Marroco and Chief Financial Officer Soraya Benchikh provided further details on the company’s transformation journey. BAT aims to become a predominantly smokeless business by 2035 by providing smokers with access to a wide range of smokeless products.

According to BAT, the goal of the capital markets day was to demonstrate how the company’s science, innovation, breadth of capabilities and people can combine to achieve a smokeless world and deliver long-term sustainable value for all its stakeholders.

In an announcement, the company said it remains on track to deliver low-single-digit organic revenue and adjusted profit from operations growth in 2024. It plans to progressively improve its delivery to 3 percent to 5 percent organic revenue growth and mid-single-figure adjusted profit from operations growth on an organic, constant currency basis by 2026.