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CLAIM #50024 · PM (PM) · 2023Q3 earnings call · Oct 19, 2023 · due Dec 31, 2023

we could be at the end of the day, in fact, growing in shipments and in IMS volume more than last year.

Emmanuel Babeau · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

Bonnie. So actually, last year, we were flat in terms of user acquisition. So we're doing better this year than last year in terms of user evolution. And I think we are in line with what we experienced in 2021, if I remember well, I think we've been sharing the numbers. So that's a typical pattern for Q3 which is due to the mythology on how we calculate the user growth. And I think we have today the -- as I said, the element of the momentum that we are seeing on people buying the device and people registering that is pointing to the fact that we see the same momentum, there is no change. And last year, we finished the year with a strong user growth, and we target to do the same this year. So I have to say it's remarkably stable in the strength, if I can use this expression. And as I said, we could be at the end of the day, in fact, growing in shipments and in IMS volume more than last year. So the percentage is about the same. Again, the basis being higher, it means that we're going to increase in terms of volume differential year-on-year. Bonnie Herzog: All right. Thank you. Emmanuel Babeau: Thank you. Operator: Thank you. Our next question comes from Gaurav Jain with Barclays. Please go ahead. Gaurav Jain: Hi, good morning. Emmanuel Babeau: Good morning, Gaurav. Gaurav Jain: So I have a question on the U.S. cigar side of things. So clearly, the FDA stand as rule-making process to ban flavored cigars to the [OMB] (ph). So first, how will you address that? And secondly, if I look at the reported numbers on cigars, it seems that the revenue had a pretty steep decline this quarter. Can you help us understand what's happening there? Emmanuel Babeau: So on the trend, we've been

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SEC filings for PM · Claim quote is verbatim from the 2023Q3 earnings call.