Pre-close trading update – Combustible brands outside the U.S. performed well with optimized pricing, supporting the funding of New Categories. The glo THP category had a disappointing start to 2023 but has shown recent momentum, especially with the launch of the glo Hyper Air platform. Vuse maintained market share in key vapor markets and expanded its presence in emerging markets. Velo remained the leader in Modern Oral volume share in European markets and made progress in emerging markets. BAT maintained its full-year 2023 guidance, expecting 3-5% organic constant currency revenue growth, improvement in New Category contribution, and Mid-single figure constant currency adj. diluted EPS growth, with 2% transactional FX headwind.
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