In This Article:
British American Tobacco (LON:BATS) Full Year 2024 Results
Key Financial Results
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Revenue: UK£25.9b (down 5.2% from FY 2023).
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Net income: UK£3.03b (up from UK£14.4b loss in FY 2023).
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Profit margin: 12% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
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EPS: UK£1.37 (up from UK£6.47 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
British American Tobacco Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 57%.
The primary driver behind last 12 months revenue was the United States (US) segment contributing a total revenue of UK£11.3b (44% of total revenue). Over the last 12 months, the company's earnings were enhanced by non-operating gains of UK£92.0m. Explore how BATS's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Global Tobacco industry.
Performance of the market in the United Kingdom.
The company's shares are down 11% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with British American Tobacco (at least 1 which shouldn't be ignored), and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.