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Conference call transcript (55 kb) Notes British American Tobacco won auction with bid of US$1.72bn Assets comprise: Trademarks to Tekel portfolio 2007 volumes approx 32bn Share of market was approx 29% 6 factories, 3 operational, 1 on short lease 2 years of leaf stocks Does not include employees 2007 EBITDA $151m (estimated) represents a multiple of 11.4 times Significant cost savings opportunities of around 30m One-off costs of 50m in 2008 Earnings enhancing from 2009, 2008 EPS affected by a deferred tax charge of approx 20m BAT Investor Relations app Download our Investor Relations app to access all of our latest financial information on your iPad, iPhone or Android
As close as you can get to a real cigarette
Around 71% of research found that people with depression are more likely to start smoking, while 80% showed that anxiety increases the risk of smoking
Dark Sea is flavored with rum and aniseed, enhancing the tobaccos' natural character
But perhaps they would not have done so if cigarettes were not readily available
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