Research (J&T BANKA)
Czech markets  |  July 19, 2012 09:21:52

PMCR: Parent company today published results for 2Q12


Today at 13:00 CET will report its results PMCR parent company and Philip Morris Int. The report usually includes market development in the CR, including market share of domestic subsidiaries (the source for the evaluation of different market share than PMCR), which might be an interesting clue. We expect that with the increase in excise taxes on tobacco products in early 2012 will be development in the CR rather negative, just as it did in 1Q12. It will be important in the publication of the results (estimated end of August) as this will adversely affect the expected CR offset strong increases in other exports.

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