Philip Morris Czech Republic

PMCR's Sales rose 16.2% yoy to CZK 4,451 mil in 4Q2019

By Helgi Analytics - April 2, 2020

Philip Morris Czech Republic generated sales of CZK 4,451 mil in 4Q2019, up 16.2% compared to the previous year. Historical...

PMCR's P/FCF fell 74.8% yoy to 8.01 in 4Q2019

By Helgi Analytics - April 2, 2020

Philip Morris Czech Republic stock traded at CZK 15,400 per share at the end 4Q2019 translating into a market capitalization of USD 1,8...

PMCR's employees rose 1.03% yoy to 1,367 in 2019

By Helgi Analytics - April 2, 2020

Philip Morris Czech Republic employed 1,367 employees in 2019, up 1.03% compared to the previous year. Historically, between...

Profit Statement 2017 2018 2019
Sales CZK mil 12,200 14,082 17,092
Gross Profit CZK mil 6,108 8,003 8,011
EBITDA CZK mil 4,811 5,465 5,713
EBIT CZK mil 4,217 4,789 5,010
Financing Cost CZK mil 11.0 18.0 42.0
Pre-Tax Profit CZK mil 4,331 4,800 5,065
Net Profit CZK mil 3,483 3,836 4,019
Dividends CZK mil 2,773 5,710 ...
Balance Sheet 2017 2018 2019
Total Assets CZK mil 15,557 15,956 16,394
Non-Current Assets CZK mil 4,415 4,324 4,099
Current Assets CZK mil 11,142 11,632 12,632
Working Capital CZK mil 937 2,280 2,889
Shareholders' Equity CZK mil 8,921 9,797 9,435
Liabilities CZK mil 6,636 6,159 6,959
Total Debt CZK mil 26.0 0 257
Net Debt CZK mil -7,286 -5,570 -6,200
Ratios 2017 2018 2019
ROE % 40.7 41.0 41.8
ROCE % 68.2 64.2 59.1
Gross Margin % 50.1 56.8 46.9
EBITDA Margin % 39.4 38.8 33.4
EBIT Margin % 34.6 34.0 29.3
Net Margin % 28.5 27.2 23.5
Net Debt/EBITDA -1.51 -1.02 -1.09
Net Debt/Equity % -81.7 -56.9 -65.7
Cost of Financing % 26.8 138 32.7
Valuation 2017 2018 2019
Market Capitalisation USD mil 2,115 1,728 1,848
Enterprise Value (EV) USD mil 1,773 1,480 1,575
Number Of Shares mil 2.75 2.75 2.75
Share Price CZK 16,400 14,120 15,280
EV/EBITDA 8.65 5.93 6.04
EV/Sales 3.41 2.30 2.02
Price/Earnings (P/E) 12.9 10.1 10.4
Price/Book Value (P/BV) 5.05 3.96 4.45
Dividend Yield % 6.16 14.7 ...

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overview Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                      
Sales CZK mil                                         12,770 14,049 10,866 11,453 12,200    
Gross Profit CZK mil                                         4,677 4,774 5,126 5,447 6,108    
EBIT CZK mil                                         2,732 2,778 3,075 3,499 4,217    
Net Profit CZK mil                                         2,226 2,254 2,569 2,766 3,483    
                                                         
ROE %                                         27.5 28.6 32.6 34.3 40.7    
EBIT Margin %                                         21.4 19.8 28.3 30.6 34.6    
Net Margin %                                         17.4 16.0 23.6 24.2 28.5    
Employees                                         1,236 1,180 1,226 1,148 1,349    
balance sheet                                                      
Total Assets CZK mil                                         21,968 12,450 15,054 15,570 15,557    
Non-Current Assets CZK mil                                         3,178 3,234 3,915 4,394 4,415    
Current Assets CZK mil                                         18,790 9,216 11,139 11,176 11,142    
                                                         
Shareholders' Equity CZK mil                                         7,970 7,811 7,956 8,194 8,921    
Liabilities CZK mil                                         13,998 4,639 7,098 7,376 6,636    
Non-Current Liabilities CZK mil                                         141 166 182 173 205    
Current Liabilities CZK mil                                         13,857 4,473 6,916 7,203 6,431    
                                                         
Net Debt/EBITDA ...                                       -1.64 -1.36 -2.09 -2.00 -1.51    
Net Debt/Equity %                                         -65.5 -57.9 -93.8 -99.0 -81.7    
Cost of Financing % ... ... ... ... ... ... ... ...     ... ...             ...   0 800 80.0 29.5 26.8    
cash flow                                                      
Total Cash From Operations CZK mil ...                                       3,127 2,291 6,411 4,332 2,561    
Total Cash From Investing CZK mil ...                                       -670 -572 -1,044 -1,162 -628    
Total Cash From Financing CZK mil ...                                       -2,471 -2,413 -2,426 -2,527 -2,746    
Net Change In Cash CZK mil ...                                       -14.0 -694 2,941 643 -822    
valuation                                                      
Market Capitalisation USD mil ... ...                                     1,460 1,299 1,324 1,421 2,115    
Enterprise Value (EV) USD mil ... ...                                     1,198 1,101 1,024 1,106 1,773    
Number Of Shares mil ... ...                                     2.75 2.75 2.75 2.75 2.75    
Share Price CZK ... ...                                     10,579 10,820 11,999 13,301 16,400    
Price/Earnings (P/E) ... ...                                     13.0 13.2 12.8 13.2 12.9    
Price/Cash Earnings (P/CE) ... ...                                     11.0 10.6 10.8 11.1 11.0    
EV/EBITDA ... ...                                     7.36 7.09 6.85 6.89 8.65    
Price/Book Value (P/BV) ... ...                                     3.64 3.80 4.14 4.46 5.05    
Dividend Yield % ... ...                                     8.32 8.13 7.67 7.52 6.16   ...
income statement Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                      
Sales CZK mil                                         12,770 14,049 10,866 11,453 12,200    
Cost of Goods & Services CZK mil                                         8,093 9,275 5,740 6,006 6,092    
Gross Profit CZK mil                                         4,677 4,774 5,126 5,447 6,108    
Selling, General & Admin CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1,967 1,977 792 1,831    
Research & Development CZK mil     ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0 0 0 0    
Other Operating Expense CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 115    
Staff Cost CZK mil                                         1,066 1,079 1,165 1,106 1,113    
Other Operating Cost (Income) CZK mil ... ... ...                                   5.00 2.00 2.00 5.00 55.0   ...
EBITDA CZK mil ...                                       3,186 3,322 3,567 4,046 4,811    
Depreciation CZK mil                                         416 544 469 534 594    
EBIT CZK mil                                         2,732 2,778 3,075 3,499 4,217    
Net Financing Cost CZK mil                                         -2.00 3.00 1.00 9.00 11.0    
Financing Cost CZK mil                                         0 4.00 2.00 9.00 11.0    
Financing Income CZK mil                                         2.00 1.00 1.00 0 0    
FX (Gain) Loss CZK mil                                         -41.0 20.0 -52.0 -26.0 -64.0    
(Income) / Loss from Affiliates CZK mil                                         0 0 0 0 0    
Extraordinary Cost CZK mil                                         0 0 0 0 0    
Pre-Tax Profit CZK mil                                         2,783 2,821 3,203 3,464 4,331    
Tax CZK mil                                         556 566 633 697 847    
Minorities CZK mil                                         1.00 1.00 1.00 1.00 1.00    
Net Profit CZK mil                                         2,226 2,254 2,569 2,766 3,483    
Net Profit Avail. to Common CZK mil                                         2,226 2,254 2,569 2,766 3,483    
Dividends CZK mil                                         2,416 2,416 2,526 2,745 2,773   ...
growth rates                                                      
Total Revenue Growth % ...                                       -1.49 10.0 -22.7 5.40 6.52    
Operating Cost Growth % ...                                       -7.10 2.46 2.75 -4.87 -0.358   ...
Staff Cost Growth % ...                                       1.23 1.22 7.97 -5.06 0.633    
EBITDA Growth % ... ...                                     -8.42 4.27 7.38 13.4 18.9    
EBIT Growth % ...                                       -9.72 1.68 10.7 13.8 20.5    
Pre-Tax Profit Growth % ...                                       -8.72 1.37 13.5 8.15 25.0    
Net Profit Growth % ...                                       -8.77 1.26 14.0 7.67 25.9    
ratios                                                      
ROE %                                         27.5 28.6 32.6 34.3 40.7    
ROA %                                         11.2 13.1 18.7 18.1 22.4    
ROCE %                                         35.1 41.0 57.6 59.0 68.2    
Gross Margin %                                         36.6 34.0 47.2 47.6 50.1    
EBITDA Margin % ...                                       24.9 23.6 32.8 35.3 39.4    
EBIT Margin %                                         21.4 19.8 28.3 30.6 34.6    
Net Margin %                                         17.4 16.0 23.6 24.2 28.5    
Payout Ratio %                                         109 107 98.3 99.3 79.6   ...
Cost of Financing % ... ... ... ... ... ... ... ...     ... ...             ...   0 800 80.0 29.5 26.8    
Net Debt/EBITDA ...                                       -1.64 -1.36 -2.09 -2.00 -1.51    
balance sheet Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                                      
Cash & Cash Equivalents CZK mil                                         5,219 4,524 7,470 8,164 7,312    
Receivables CZK mil                                         1,514 1,063 394 407 618    
Inventories CZK mil                                         2,120 328 423 343 630    
Other ST Assets CZK mil                                         9,937 3,301 2,852 2,262 2,582    
Current Assets CZK mil                                         18,790 9,216 11,139 11,176 11,142    
Property, Plant & Equipment CZK mil                                         3,147 3,193 3,763 4,250 4,256    
LT Investments & Receivables CZK mil                                         0 0 101 102 106    
Intangible Assets CZK mil ... ... ... ... ...                               25.0 21.0 22.0 20.0 12.0    
Goodwill CZK mil                                         0 0 0 0 0    
Non-Current Assets CZK mil                                         3,178 3,234 3,915 4,394 4,415    
Total Assets CZK mil                                         21,968 12,450 15,054 15,570 15,557    
                                                         
Trade Payables CZK mil                                         214 222 221 275 311    
Short-Term Debt CZK mil                                         1.00 0 5.00 56.0 26.0    
Other ST Liabilities CZK mil                                         13,642 4,251 6,690 6,872 6,094    
Current Liabilities CZK mil                                         13,857 4,473 6,916 7,203 6,431    
Long-Term Debt CZK mil                                         0 0 0 0 0    
Other LT Liabilities CZK mil                                         141 166 182 173 205    
Non-Current Liabilities CZK mil                                         141 166 182 173 205    
Liabilities CZK mil                                         13,998 4,639 7,098 7,376 6,636    
Preferred Equity and Hybrid Capital CZK mil                                         0 0 0 0 0    
Share Capital CZK mil                                         5,142 5,148 5,138 5,132 5,122    
Treasury Stock CZK mil       ... ... ... ... ... ...                       0 0 0 0 0    
Equity Before Minority Interest CZK mil                                         7,969 7,810 7,955 8,193 8,920    
Minority Interest CZK mil                                         1.00 1.00 1.00 1.00 1.00    
Equity CZK mil                                         7,970 7,811 7,956 8,194 8,921    
growth rates                                                      
Total Asset Growth % ...                                       23.3 -43.3 20.9 3.43 -0.083    
Shareholders' Equity Growth % ...                                       -2.76 -1.99 1.86 2.99 8.87    
Net Debt Growth % ...                                       0.211 -13.3 65.0 8.61 -10.1    
Total Debt Growth % ... ... ... ... ... ... ... ... ...   ... ... ...   ...       ... ... 0 -100 ... 1,020 -53.6   ...
ratios                                                      
Total Debt CZK mil                                         1.00 0 5.00 56.0 26.0    
Net Debt CZK mil                                         -5,218 -4,524 -7,465 -8,108 -7,286    
Working Capital CZK mil                                         3,420 1,169 596 475 937    
Capital Employed CZK mil                                         6,598 4,403 4,511 4,869 5,352    
Net Debt/Equity %                                         -65.5 -57.9 -93.8 -99.0 -81.7    
Current Ratio                                         1.36 2.06 1.61 1.55 1.73    
Quick Ratio                                         0.486 1.25 1.14 1.19 1.23    
cash flow Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
cash flow                                                      
Net Profit CZK mil                                         2,226 2,254 2,569 2,766 3,483    
Depreciation CZK mil                                         416 544 469 534 594    
Non-Cash Items CZK mil ...                                       0 -9,394 140 115 106    
Change in Working Capital CZK mil ...                                       447 8,887 3,210 904 -1,622    
Total Cash From Operations CZK mil ...                                       3,127 2,291 6,411 4,332 2,561    
                                                         
Capital Expenditures CZK mil ...                                       -668 -571 -1,034 -1,152 -628    
Net Change in LT Investment CZK mil ...                 ... ...                   0 0 0 0 0    
Net Cash From Acquisitions CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0    
Other Investing Activities CZK mil ...                                       -2.00 -1.00 -10.0 -10.0 0    
Total Cash From Investing CZK mil ...                                       -670 -572 -1,044 -1,162 -628    
                                                         
Dividends Paid CZK mil ...                                       -2,471 -2,416 -2,416 -2,526 -2,745    
Issuance Of Shares CZK mil ...                 ... ...                   0 0 0 0 0    
Issuance Of Debt CZK mil ...                                       0 0 0 0 0    
Other Financing Activities CZK mil ...                                       0 3.00 -10.0 -1.00 -1.00    
Total Cash From Financing CZK mil ...                                       -2,471 -2,413 -2,426 -2,527 -2,746    
                                                         
Effect of FX Rates CZK mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -9.00    
Net Change In Cash CZK mil ...                                       -14.0 -694 2,941 643 -822    
ratios                                                      
Days Sales Outstanding days                                         43.3 27.6 13.2 13.0 18.5    
Days Sales Of Inventory days                                         95.6 12.9 26.9 20.8 37.7    
Days Payable Outstanding days                                         9.65 8.74 14.1 16.7 18.6    
Cash Conversion Cycle days                                         129 31.8 26.1 17.1 37.6    
Cash Earnings CZK mil                                         2,642 2,798 3,038 3,300 4,077    
Free Cash Flow CZK mil ...                                       2,457 1,719 5,367 3,170 1,933    
Capital Expenditures (As % of Sales) % ...                                       5.23 4.06 9.52 10.1 5.15    
other ratios Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                       
Employees                                         1,236 1,180 1,226 1,148 1,349    
Cost Per Employee USD per month                                         3,673 3,565 3,318 3,182 2,928    
Cost Per Employee (Local Currency) CZK per month                                         71,872 76,201 79,187 80,285 68,755    
Operating Cost (As % of Sales) %                                         15.3 14.2 18.9 17.1 16.0   ...
Research & Development (As % of Sales) %     ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0 0 0 0    
Staff Cost (As % of Sales) %                                         8.35 7.68 10.7 9.66 9.12    
Effective Tax Rate %                                         20.0 20.1 19.8 20.1 19.6    
Revenues From Abroad CZK mil                                         6,064 6,875 5,190 5,453 5,710    
Domestic Revenues CZK mil                                         6,706 7,174 5,676 6,000 6,490    
Revenues From Abroad (As % Of Total) %                                         47.5 48.9 47.8 47.6 46.8    
Total Revenue Growth (5-year average) % ... ... ... ... ...                               5.55 3.74 -0.958 -1.18 -1.21    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...                     -1.44 0.628 -0.813 1.33 1.64    
valuation Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                       
Market Capitalisation USD mil ... ...                                     1,460 1,299 1,324 1,421 2,115    
Enterprise Value (EV) USD mil ... ...                                     1,198 1,101 1,024 1,106 1,773    
Number Of Shares mil ... ...                                     2.75 2.75 2.75 2.75 2.75    
Share Price CZK ... ...                                     10,579 10,820 11,999 13,301 16,400    
EV/EBITDA ... ...                                     7.36 7.09 6.85 6.89 8.65    
Price/Earnings (P/E) ... ...                                     13.0 13.2 12.8 13.2 12.9    
Price/Cash Earnings (P/CE) ... ...                                     11.0 10.6 10.8 11.1 11.0    
P/FCF ... ...                                     11.8 17.3 6.14 11.5 23.3    
Price/Book Value (P/BV) ... ...                                     3.64 3.80 4.14 4.46 5.05    
Dividend Yield % ... ...                                     8.32 8.13 7.67 7.52 6.16   ...
Free Cash Flow Yield % ... ...                                     8.60 6.19 17.0 8.84 3.89    
Earnings Per Share (EPS) CZK ... ...                                     811 821 936 1,008 1,269    
Cash Earnings Per Share CZK ... ...                                     962 1,019 1,107 1,202 1,485    
Free Cash Flow Per Share CZK ... ...                                     895 626 1,955 1,155 704    
Book Value Per Share CZK ... ...                                     2,903 2,845 2,898 2,985 3,249    
Dividend Per Share CZK ... ...                                     880 880 920 1,000 1,010   ...
EV/Sales ... ...                                     1.84 1.68 2.25 2.44 3.41    
EV/EBIT ... ...                                     8.58 8.47 7.95 7.97 9.87    
EV/Free Cash Flow ... ...                                     9.54 13.7 4.56 8.80 21.5    
EV/Capital Employed ... ...                                     3.61 5.72 5.65 5.83 7.05    
Earnings Per Share Growth % ... ... ...                                   -8.77 1.26 14.0 7.67 25.9    
Cash Earnings Per Share Growth % ... ... ...                                   -7.56 5.90 8.58 8.62 23.5    
Book Value Per Share Growth % ... ... ...                                   -2.76 -1.99 1.86 2.99 8.87    
tobacco sales Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                       
Sales of Cigarettes mil                                         30,048 33,274 25,666 26,402 25,814    
Sales of Cigarettes in Czechia mil                                         8,040 8,653 8,838 9,180 8,790    
Sales of Cigarettes in Slovakia mil                                         3,568 3,834 3,995 4,021 4,117    
Sales of Cigarettes in Other Countries mil                                         18,440 20,787 12,356 14,433 15,537    
Revenue per Pack of Cigarettes CZK                                         8.50 8.44 8.47 8.68 9.45    
Revenue per Pack of Cigarettes in Czechia CZK                                         16.7 16.6 12.8 13.1 14.8    
Revenue per Pack of Cigarettes in Slovakia CZK                                         12.6 13.4 13.8 13.7 14.4    
Revenue per Pack of Cigarettes in Other Countries CZK                                         4.15 4.14 3.93 3.73 3.55    
Profit Per Pack Of Cigarettes CZK                                         1.48 1.35 2.00 2.10 2.70    
Market Share in Czechia %                                         48.6 46.4 45.9 46.1 44.9    
Market Share in Slovakia %                                         51.7 53.1 57.0 57.1 57.1    
sales geography Unit 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
                                                       
Sales in Czechia CZK mil                                         6,706 7,174 5,676 6,000 6,490    
Sales in Slovakia CZK mil                                         2,240 2,576 2,762 2,759 2,955    
Sales in Czechia (As % of Total) %                                         52.5 51.1 52.2 52.4 53.2    
Sales in Slovakia (As % of Total) %                                         17.5 18.3 25.4 24.1 24.2    

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PMCR's price/earnings (P/E) rose 3.29% yoy to 10.4 in 2019

By Helgi Analytics - April 2, 2020

Philip Morris Czech Republic stock traded at CZK 15,280 per share at the end 2019 translating into a market capitalization of USD 1,848 mil. Since the end of 2014, stock has appreciated by 41.2% representing an annual average growth of 7.15%. In absolut...

PMCR's Cash & Cash Equivalents rose 15.5% yoy to CZK 6,431 mil in 2019

By Helgi Analytics - April 2, 2020

Philip Morris Czech Republic's total assets reached CZK 16,394 mil at the end of 2019, up 2.75% compared to the previous year. Current assets amounted to CZK 12,632 mil, or 77.1% of total assets while cash stood at CZK 6,431 mil at the end of 2019. ...

PMCR's ROCE fell 7.84% yoy to 59.1% in 2019

By Helgi Analytics - April 2, 2020

Philip Morris Czech Republic made a net profit of CZK 4,019 mil in 2019, up 4.77% compared to the previous year. Historically, between 1993 and 2019, the company's net profit reached a high of CZK 4,376 mil in 2003 and a low of CZK 46.2 mil in 1993. The r...

PMCR's Share Price rose 8.22% yoy to CZK 15,280 in 2019

By Helgi Analytics - April 2, 2020

Philip Morris Czech Republic stock traded at CZK 15,280 per share at the end 2019 implying a market capitalization of USD 1,848 mil. Since the end of 2014, stock has appreciated by 41.2% implying an annual average growth of 7.15% In absolute terms, the value of ...

PMCR's Sales of Cigarettes in Czechia rose 0.585% yoy to 8,600 mil in 2019

By Helgi Analytics - March 24, 2020

We estimate Philip Morris Czech Republic sold 27,691 mil cigarettes in 2019, up 5.04% when compared to the previous year. Historically, the company sold most of its cigarettes in 2014 (33,274 mil) and the minimum in 1993 when 17,400 mil pieces have b...

PMCR's Revenue per Pack of Cigarettes rose 15.5% yoy to CZK 12.3 in 2019

By Helgi Analytics - March 24, 2020

We estimate Philip Morris Czech Republic sold 27,691 mil cigarettes in 2019, up 5.04% when compared to the previous year. Historically, the company sold most of its cigarettes in 2014 (33,274 mil) and the minimum in 1993 when 17,400 mil pieces have b...

PMCR's P/FCF fell 74.4% yoy to 7.95 in 2019

By Helgi Analytics - April 3, 2020

Philip Morris Czech Republic stock traded at CZK 15,280 per share at the end 2019 translating into a market capitalization of USD 1,848 mil. Since the end of 2014, the stock has appreciated by 41.2% representing an annual average growth of 7.15%. At the ...

PMCR's Capital Expenditures rose 73.4% yoy to CZK 191 mil in 2019

By Helgi Analytics - April 3, 2020

Philip Morris Czech Republic invested a total of CZK 191 mil in 2019, down 73.4% compared to the previous year. Historically, between 1994 - 2019, the company's investments stood at a high of CZK 1,566 mil in 1994 and a low of CZK 50.7 mil i...

PMCR's Total Cash From Operations rose 178% yoy to CZK 5,470 mil in 2019

By Helgi Analytics - April 2, 2020

Philip Morris Czech Republic's operating cash flow stood at CZK 5,470 mil in 2019, up 178% when compared to the previous year. Historically, between 1994 - 2019, the firm’s operating cash flow reached a high of CZK 9,745 mil in 2005 and a low of CZK -3...

PMCR's Sales of Cigarettes rose 5.04% yoy to 27,691 mil in 2019

By Helgi Analytics - March 24, 2020

We estimate Philip Morris Czech Republic sold 27,691 mil cigarettes in 2019, up 5.04% when compared to the previous year. Historically, the company sold most of its cigarettes in 2014 (33,274 mil) and the minimum in 1993 when 17,400 mil pieces have b...

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Philip Morris Czech Republic, an affiliate of Philip Morris International Inc. (PMI), is the leading producer and marketer of tobacco products in the Czech Republic and Slovakia. The company is engaged in the production, sale, distribution and marketing of tobacco products. Together with its subsidiary in Slovakia, it produced and sold 31.7 billion of cigarettes in 2012. It provides customers with several international and local cigarette brands, such as Marlboro, L&M, Red & White, Petra and Sparta, among others. On the Czech and Slovak markets, the company maintains a market share exceeding 50%. Philip Morris Czech Republic is listed on the Prague Stock Exchange. Philip Morris International Inc holds 77.6% stake in the company

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