British American Tobacco p.l.c.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- CEO
- Tadeu Luiz Marroco
- Full Time Employees
- 47,797
- Sector
- Consumer Defensive
- Industry
- Tobacco
- Address
- Globe House London GL United Kingdom WC2R 2PG
- IPO Date
- Apr 14, 1980
- CIK
- 0001303523
- Website
- bat.com
- Similar Companies
- Business
- British American Tobacco p.l.c. is a British multinational company engaged in the manufacturing and sale of cigarettes, tobacco, and other nicotine products. The company offers a comprehensive portfolio of core products including combustible tobacco products such as cigarettes under global strategic brands Dunhill, Kent, Lucky Strike, Pall Mall, and Rothmans, alongside other regional brands like Vogue, Viceroy, Kool, and State Express 555. In addition to traditional tobacco, BAT has expanded significantly into potentially reduced-risk products with its New Categories portfolio comprising Vapour products (notably the Vuse e-cigarette brand), Tobacco Heating Products (glo), and Modern Oral nicotine pouches (Velo), reflecting its strategic shift towards smokeless alternatives. Founded in 1902 and headquartered in London, England, British American Tobacco operates in approximately 180 countries worldwide, targeting adult consumers in the tobacco and nicotine markets. The company positions itself as a leader in transforming tobacco by adapting to evolving consumer preferences and regulatory environments, with a goal to have 50 million adult consumers of its Smokeless products by 2030 and for these products to generate 50% of its revenue by 2035. In 2024, BAT reported New Category revenues of £3.4 billion, demonstrating strong progress in profitability within this segment. Recent major changes include strategic management board adjustments emphasizing transformational leadership and inclusivity, continued investment in reduced-risk product innovation, and environmental sustainability initiatives, such as securing a "Triple-A" rating from CDP for climate change, water security, and forest conservation efforts. BAT also divested its Russia operations in 2023, selling to a local consortium and subsequently rebranding the business. The company generated £25.9 billion in revenue in 2024 and maintains a significant workforce of nearly 49,000 employees. BAT further diversifies its portfolio through investments in non-nicotine products including cannabis and wellness, managed via its venture arms Btomorrow Ventures and KBio Holdings. Overall, British American Tobacco remains a dominant player in the global tobacco industry, operating under a strategy that balances traditional combustible products with innovation in smokeless tobacco and nicotine alternatives, supported by a strong brand portfolio and ongoing operational and leadership enhancements.
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