The Board of Directors proposes the payment of a gross dividend of 1310 per share, i.e. the same as for 2021.
Sales of heated tobacco products and products intended for smoking in the Czech Republic and Slovakia fell by 2.7 percent to 11.2 billion pieces. The total number of users of smoke-free alternatives increased year-on-year in the Czech Republic to almost 570,000 and in Slovakia to more than 290,000.
The general director of Philip Morris CR, Andrea Gontkovičová, described last year as successful from a financial point of view. She pointed out that despite the effects of the war in Ukraine and the complex macroeconomic inflationary environment, the company achieved a record volume of production in Kutná Hora and was able to increase total sales and net profit.
Last year, in the Czech Republic and Slovakia, the company mainly focused on expanding the range of smokeless products in which, unlike conventional cigarettes, the tobacco is heated. At the end of the year, more than 860,000 smokers in both countries were using IQOS smokeless products, and 590,000 of them had completely stopped smoking traditional cigarettes.
The total combined market of cigarettes and heated tobacco products in the Czech Republic in 2022 remained at 17.4 billion pieces, in Slovakia it grew by 1.3 percent to 7.4 billion pieces. Philip Morris remains the leader in both markets with an estimated market share of 40.1 percent in the Czech Republic and 55.5 percent in Slovakia.
The total volume of sales of heated tobacco fillings increased in the Czech Republic by 0.4 billion pieces to 2.3 billion pieces and in Slovakia by 0.2 billion pieces to 1.1 billion pieces. The sales volume of tobacco products intended for smoking decreased to 4.8 billion pieces in the Czech Republic and to three billion in Slovakia. The reason is primarily the transition of smokers to smoke-free alternatives in both markets.
Philip Morris CR employs over 1,000 people in the Czech Republic. The company’s shares are traded on the Prague Stock Exchange.
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