Philip Morris Slovakia revenues up 6.9% y/y in Jan-Sep.

By bne IntelliNews November 23, 2010
Tobacco company Philip Morris Slovakia (PMS) reported a 6.9% increase of net revenues excluding excise duties and VAT for the first nine months of the year, informed. The growth reflected an increase of prices in 2009, whose combined effect was EUR 4.1mn. Nevertheless, the company faced lower sales and increased demand for cheaper cigarette brands. Overall sales dropped by 2.1% y/y to 2.9bn cigarettes in Jan-Sep. The decline in Q3 alone was 5.4% y/y. However, the decline of company's sales is less than the avergae decline of tobacco sales. The internal estimates of PMS showed that the cigarettes market decreased by 3.3% y/y to 5.6bn cigarettes in Jan-Sep. According to a survey carried by ACNielsen, the market share of PMS stood at 51.3% for Jan-Sep, up by 0.3%.

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335