BAT Launches $1.73 Billion Share Buyback, Affirms 2025 Goals
British American Tobacco (BAT) has announced a significant share buyback program valued at £1.3 billion, equivalent to approximately $1.73 billion. This initiative is set to commence next year and underscores the company’s confidence in its future performance.
2025 Financial Goals
BAT is optimistic about achieving its financial targets for 2025. The company anticipates a 2% organic growth in both revenue and adjusted profit across its operations.
Next-Generation Products Growth
A vital component of BAT’s growth strategy is its next-generation products segment. This includes the Vuse electronic cigarette range and Velo nicotine pouches. The company projects that revenue from these products will increase at a double-digit rate in the latter half of the year.
- Share Buyback: £1.3 billion ($1.73 billion) planned for next year.
- Financial Targets: 2% organic revenue growth expected by 2025.
- Next-Generation Products: Includes Vuse and Velo, expected double-digit revenue increase.
By implementing this buyback and focusing on innovative products, BAT aims to reinforce its market position and ensure robust growth moving forward.
