Research (J&T BANKA)
Czech markets  |  November 09, 2012 08:54:59

PMCR sales in 3Q grew as well as the volume of cigarettes sold


PMCR company yesterday released partial results for 3Q12. In the third quarter the company earned a consolidated basis CZK 3.3 billion (+3.9% y / y) at 5.8% y / y growth in the volume of cigarettes sold (8.0 billion shares). For more information on the company publishes a semi-annual basis. Overall, we see the results as neutral and confirming previously published data. Revenue growth with respect to the first half of course slowing down (+8.9% in 9M12 vs. +11.8% In 1H12), but it will be important to maintain the level of margins that due to the increasing proportion of sales of other exports (lower profitability) are below the expected pressure.

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Tržby PMČR ve 3Q rostly, stejně jako objem prodaných cigaret

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