October 20, 2014 3:02 PM ET


Company Overview of British American Tobacco plc

Company Overview

British American Tobacco p.l.c., through its subsidiaries, manufactures tobacco and nicotine products. It provides cigarettes, roll-your-own and make-your-own tobacco, cigars, cigarillos, pipe tobacco, and snus, as well as nicotine inhalation, heat-not-burn devices, and electronic cigarettes. The company offers its products under the Dunhill, Kent, Rothmans, Lucky Strike, Pall Mall, State Express 555, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, and John Player Gold Leaf brands. British American Tobacco p.l.c. sells its products in the Asia-Pacific, the Americas, Eastern and Western Europe, Africa, and the Middle East. The company was founded in 1902 and is headquartere...

Globe House

4 Temple Place

London,  WC2R 2PG

United Kingdom

Founded in 1902

57,730 Employees


44 20 7845 1000


44 20 7240 0555

Key Executives for British American Tobacco plc

Chief Executive Officer and Executive Director
Age: 57
Total Annual Compensation: $2.9M
Chief Information Officer
Age: 54
Total Annual Compensation: $2.0M
Compensation as of Fiscal Year 2013.

British American Tobacco plc Key Developments

British American Tobacco Announces Board Changes

British American Tobacco announced that Jean-Marc Levy, Group Marketing Director, will be appointed Director, Special Projects with effect from September 1, 2014 and will then step-down from the management board and leave the company on December 31, 2014. Jean-Marc has had a highly successful 21 year career with the company in various senior management positions, including; Regional Director - Western Europe, Area Director - Central & Eastern Europe, Area Director - Far East North and Global Brand Director - Lucky Strike. Jean-Marc will be replaced as Group Marketing Director by Andrew Gray, currently Regional Director - EEMEA. Andrew will commence his new role on September 1, 2014. Andrew has been with the company for 27 years and has been a member of the management board for the last 7 years. Previously, Andrew held various senior management positions including President of Souza Cruz and General Manager - BAT Malaysia. Tadeu Marroco, currently Head of Strategy & Planning and M&A, will join the management board as Business Development Director on September 1, 2014. In addition to his current role leading Strategy and M&A, Tadeu will assume responsibility for IT, including the roll-out of the TaO Programme. Tadeu joined British American Tobacco in Brazil 22 years ago.

British American Tobacco plc Announces Unaudited Group Earnings Results for the First Half Ended June 30, 2014; Provides Underlying Tax Rate Guidance for the Year 2014

British American Tobacco plc announced unaudited group earnings results for the first half ended June 30, 2014. For the period, revenue was £6,798 million, profit from operations was £2,458 million, profit before taxation was £2,614 million and profit attributable to owners of the parent was £1,747 million or 93.1 pence per diluted share against revenue of £7,572 million, profit from operations of £2,807 million, profit before taxation of £2,991 million and profit attributable to owners of the parent of £2,040 million or 106.1 pence per diluted share for the same period a year ago. Adjusted diluted earnings per share was 101.8 pence against 109.1 pence a year ago. Net cash generated from operating activities was £1,170 million against £1,319 million a year ago. Purchases of property, plant and equipment was £171 million against £151 million a year ago. Purchases of intangibles was £106 million against £59 million a year ago. Total net debt was £10,961 million against £10,548 million a year ago. Adjusted profit from operations was £2,665 million against £2,944 million a year ago. The company posted financial results with operating profits up 4% at constant exchange rates, and operating margins growing by 30 bps. Increasing market share driven by its Global Drive Brands has contributed to a pleasing set of results for the first half of the year albeit the results were affected by sterling's recent appreciation. Excluding the impact of exchange, EPS was 8% higher at 117.8 pence, driven mainly by good profit growth, a strong result from its associate ICC and the share buyback program. For the year 2014, the company expects underlying tax rate to be 30.7%.

British American Tobacco plc, H1 2014 Earnings Call, Jul 30, 2014

British American Tobacco plc, H1 2014 Earnings Call, Jul 30, 2014

Recent Private Companies Transactions

September 5, 2014
Elcoteq SE, A 8,850sqm Plant in Pecs (SW Hungary)
April 30, 2014
February 27, 2014

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