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Philip Morris ČR posts revenues of CZK 14bn

Philip Morris ČR’s consolidated revenues, excl. the excise tax and VAT, grew by 10% to CZK 14bn in 2014. Operating profit increased by 1.5% to CZK 2.8bn. Net profit totalled CZK 2.25bn, up 1.3%. The total cigarette market grew by 1.6% in the Czech Republic and 1.8% in Slovakia. Czech sales increased by 7.6%, Slovak by 7.5%. Export grew 12.7%. Philip Morris ČR’s board of directors chairman and CEO András Tövisi has stated that the improved results were driven by favourable price development and higher sales in CR and Slovakia. The company’s board of directors proposes the payment of a gross dividend from the net profit for 2014 and retained profits from previous years totalling CZK 2.41bn.


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