Philip Morris R paid a gross dividend of 1,220 crowns per share. The new company will be led by Costa

The company Philip Morris R, which is the leading manufacturer and seller of tobacco products in the country, will pay a gross dividend of 1,220 crowns per share for the year. The general meeting decided on it every day. In the previous year, the shareholders received 1,310 K. Last year, Tabka’s company’s net profit fell by eight percent to K 3.3 billion. Revenues excluding consumption tax and VAT decreased by 1.8 percent to K 20.6 billion.

According to the company, a combination of external negative factors significantly influenced the company’s success. Total sales of tobacco-free alternatives and products in Russia and Slovakia decreased by 9.7 percent to 10.1 billion units, the cigarette market fell fifth. Sales of non-domestic products did not change compared to the previous year.

General editor of Philip Morris R Andrea Gontkoviov pointed out at today’s general meeting that, despite these times, the company’s expenses are above 20 billion kroner and the profit is over 3 billion kroner. “This is a very good result and we are very satisfied with it.” she added. According to the company, the business was affected by inflationary pressures and a growing competitive environment in the offer of classic cigarettes and smokeless alternatives. Gontkoviov also pointed out that the domestic market is under pressure from products from Poland.

Last year, the company continued to expand its range of smokeless products, in which, unlike the usual cigarettes, it was also heated. In the Czech Republic, we are second in the category of electronic cigarettes. Gontkoviov mentioned the planned investment of more than a billion in the waterworks in Kutn Hoa, the aim of which is to build new capacity for the production of completely dry products. “The current process of the transformation of the factory as such, the final platform and the final technology are being decided,” she added.

The management of the company came to the general meeting with several questions about the shares. They discussed, for example, whether the company is preparing for the legalization of marijuana. According to Gontkoviov, this area is not in the company’s sights, he is just following social developments and discussions.

In 2023, the total combined market of cigarettes and tobacco products in the Czech Republic fell by 10.3 percent to 15.6 billion pieces, and in Slovakia by 30 percent to 7.1 billion pieces. The company said it was the leader in both markets with an estimated share of 39.6 percent in R and 53.4 percent in Slovakia.

Stay in the company

Today, the General Meeting took note of the change in the management of the company. The company Philip Morris R, which is the leading producer and seller of tobacco products in the country, will be led by Fabio Costa, the current vice president for strategy of the parent company Philip Morris International (PMI), as of June 1. He will replace Andrea Gontkoviová, who will leave the position of editor-in-chief after five years. Nov will be PMI’s vice president of external relations for the wider region, including the markets of Africa, the Middle East, and Central and Southeast Asia.

Costa entered the position of general editor of Philip Morris R after those years in charge of PMI’s strategy, leading a number of key initiatives aimed at accelerating the transformation in the product and commercial areas. I have a lot of international experience. Before joining PMI, Jin led the Samsung Group’s global strategy team in Korea for nine years. Previously, he worked primarily in the field of restructuring for the companies Danaher, Ahlstrom, GE and Stellantis all over the world. He holds an MBA from Darden GSB and two master’s degrees in engineering from Turn and Chicago.

Gontkovi’s death in office on May 31. Since 2017, in various leading positions, she has been leading the development of smokeless alternatives to cigarettes on the Czech and Slovak markets, and has actively advocated for a billion-dollar investment in the development of Kutnohorské vvodu.

Philip Morris R employs 1,000 people in the Czech Republic. The company’s shares are traded on the stock exchange.