Philip Morris CR announced consolidated earnings results for the third quarter and nine months ended September 2015. For the period, the company reported sales without excise duty and VAT fell by 21.3% to CZK 8 billion. The sales decreased mainly due to a change in the operating model in production. Gross profit rise by 6.2% year-on-year to CZK 3.9 billion. Gross profit grew mainly driven by favourable pricing in both the Czech Republic and Slovakia as well as favourable volume in Slovakia.
For the quarter, the company reported sales fell by 23.3% to CZK 2.9 billion. Gross profit raised by 1.4% to CZK 1.5 billion.
Philip Morris ?R a.s. specializes in the manufacturing and distribution of tobacco products. Net sales break down by activity as follows:
- sale of tobacco products (87.4%): cigarettes, pipe tobacco, snuff, etc. marketed under the Marlboro, L&M, Red & White, Philip Morris, Petra, Sparta and Start brands. Net sales break down by geographical area between the Czech Republic (70.5%) and Slovakia (29.5%);
- services (12.6%).
At the end of 2024, the group has a production plant located in Czech Republic.
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