British American Tobacco p.l.c. (NYSE:BTI) announces its 2023 Full Year Pre-Close Trading Update on December 6, 2023, at 3:30 AM ET. The call features Tadeu Marroco as CEO, Javed Iqbal as Interim CFO, and Victoria Buxton as Head of IR.
Victoria Buxton, Head of Investor Relations, welcomes participants and provides an overview of the forward-looking statements and disclaimers. She also states that there will be a Q&A session at the end of the call.
Tadeu Marroco, Chief Executive, discusses the company’s strategic review, emphasizing the shift towards a multi-category strategy and the goal of becoming a predominantly smokeless business by 2035. Marroco also addresses an accounting adjustment and the company’s plans for investments and future growth.
In terms of current trading, the company expects to deliver 3-5% organic revenue growth, with a focus on new categories such as Vapor and Modern Oral products. Marroco discusses the performance and future potential of these categories in various markets. Additionally, he touches on the regulatory landscape and the company’s vision for responsible product development.
Overall, the company is committed to driving sustainable, profitable growth and transitioning its portfolio from combustibles to new categories.
