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).