British American Tobacco said today it continued to perform "very well" and was trading in line with its expectations.
BAT, home to the Lucky Strike and Dunhill cigarette brands, said it continued to record market share growth.
The company also noted that profit growth was expected to be weighted to the second half of the year, reflecting the phasing of volume shipments, product investment and marketing spend.
It said that if exchange rates stayed the same for the remainder of the year, there would be an adverse transactional impact on operating profit of 2% for both the first half and the full year.
But the translation impact would be a tailwind on operating profit of about 13% for the half year and 7% for the full year.
