British American Tobacco stands by forecasts however long it takes to leave Russia

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British American Tobacco is confident of delivering on its 2022 revenue and earnings forecasts, irrespective of how long it takes to transfer its Russian business.

Chief marketing officer Kingsley Wheaton said transferring the business to SNS, which has been working with BAT since 1993, was still one option the company was considering.

Even in normal circumstances, the process of transferring a subsidiary of that size would already be a complicated and complex concept, Wheaton said. BAT, which also makes Dunhill and Lucky Strike cigarettes, said in March that it would leave Russia followingWheaton said he could not comment on the timing of the internal processes of the transfer or the financial impact.increasing global uncertainty and disruption

 

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