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Results Preview: PMCR: Year-on-year growth due to transition to smoke-free products

22/09/2023 14:41

Expected results: Tobacco products manufacturer Philip Morris CR (PMCR) is expected to post a +10.3% yoy increase in total revenues to CZK10.8bn in the first half of this year. We expect the growth to be driven by higher sales of smoke-free units combined with higher prices for conventional products. Net profit should therefore be slightly higher at CZK1.9bn (+1.1% yoy).

Autor: Bohumil Trampota
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