Victoria Buxton
Group Head of Investor Relations
Replay available
British American Tobacco Industries, p.l.c. (BTI) Q1 2025 Earnings Call
British American Tobacco Industries, p.l.c. (NYSE: BTI) Q1 2025 earnings conference call, held 2025-06-03. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Tadeo Morocco
Chief Executive
Soraya Bencik
Chief Financial Officer
James Edward Jones
Analyst, RBC
Gaurav Jain
Analyst, Backlease
Farhan Beya
Analyst, UBS
Ray William
Analyst, Anchor Stockbrokers
Philip Spain
Analyst, JP Morgan
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for British American Tobacco P.l.c..
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.139 Good morning, everyone. I'm Victoria Buxton, Group Head of Investor Relations, 00:00:05.139 -- 00:00:10.027 and with me this morning are Tadeo Morocco, our Chief Executive, and Soraya Bencik, our 00:00:10.027 -- 00:00:15.035 Chief Financial Officer. Welcome to our 2025 first half pre-closed 00:00:15.035 -- 00:00:19.703 conference call. I hope you're well, and I'd like to thank you for taking the time to 00:00:19.703 -- 00:00:24.711 join us this morning. Before we begin, I need to draw your attention to the 00:00:24.711 -- 00:00:29.720 cautionary statement regarding forward-looking statements, as well as the notes and 00:00:29.720 -- 00:00:33.246 disclaimer contained in the trading update. 00:00:33.246 -- 00:00:38.516 Unless stated otherwise, our comments will focus on constant currency adjusted 00:00:38.516 -- 00:00:43.766 measures, which include adjustments related to profit from our Canadian combustibles 00:00:43.766 -- 00:00:45.205 business. 00:00:45.205 -- 00:00:50.356 All share data is year-to-date average to March 2025 versus full 00:00:50.356 -- 00:00:53.041 year 2024 average. 00:00:53.041 -- 00:00:58.052 I will now hand over to Tadeo with a reminder that, as always, there'll be 00:00:58.052 -- 00:01:01.625 an opportunity to ask questions later on in the call. 00:01:01.625 -- 00:01:05.029 Thank you, Victoria. Good morning, everyone, and welcome. 00:01:05.029 -- 00:01:10.136 Our revenue performance year to date is slightly ahead of our previous guidance, and 00:01:10.136 -- 00:01:15.383 we now expect to deliver full year revenue growth of 1% to 2%, supporting 00:01:15.383 -- 00:01:20.349 1.5% to 2.5% adjusted profit from operations growth in 2025. 00:01:20.349 -- 00:01:25.696 I'd like to begin with four key takeaways from tod...