Reuters logo
Czech Philip Morris market share dips in Q2
July 19, 2012 / 11:54 AM / 5 years ago

Czech Philip Morris market share dips in Q2

PRAGUE, July 19 (Reuters) - Market share of Czech tobacco group Philip Morris CR fell 2.7 percentage points to 42.8 percent in the second quarter, hit by a decline in the shipments of low-margin local brands, its parent group said on Thursday.

Philip Morris International (PMI), which holds a majority stake in the Prague-listed company, also said the Czech cigarette market fell 4.2 percent in the quarter mainly due to tax-driven price increases in the first and second quarters.

PMI’s shipments fell 9.8 percent in the Czech market, it said. (Reporting by Jason Hovet)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below