British American Tobacco (BAT) is performing well and second half trading is in line with its expectations, the company said in a statement ahead of its full year results.

BAT, whose financial year is the calendar year, said it is confident of securing good earnings growth, at constant currency this year. The cigarette maker said it expects its full year results for 2017 to outperform a total decline in industry volume of 4 per cent.
BAT said the integration of Reynolds American Inc. (RAI) is “on track” and that RAI is “performing strongly”. The company noted market share growth driven by Global Drive Brands, but also difficult pricing environments in some markets.
“Trading in our markets continues to reflect the trends discussed at the Interim Results in July and our more recent Capital Markets Day, with Canada, Germany, Romania, Bangladesh and Ukraine performing well and conditions remaining challenging in Russia, GCC, Brazil, South Africa and Malaysia,” BAT’s statement read.
Bat said national rollout in Japan of its glo heated tobacco device is complete and reported a 2.7 per cent share for glo in the country. Glo is now available in five countries. BAT said its share of the vapour market is growing in Western Europe and the US, where the Vuse vapour device “remains strong”.