“We expect continued strong momentum in 2025. And we remain confident in our ability to deliver our our twenty twenty four, twenty twenty six growth target as we progress towards our ambition of becoming substantially smarter by twenty thirty”

In context

“livery. We expect further progress in twenty twenty five placing us on track for our target ratio of around two times by the end of twenty twenty six. I will now send you back to Yaczek for confirming email. Jacek Olczak: Thank you, Emmanuel. In summary, 2020 was a remarkable year for PMI. Our financial result that comprises this of our strategy and the success of our transformation the underlying momentum it took bolstered by our practice measures and pricing and cost. I remain confident in our position as the global smoke As we continue to identify on our multi category strategy, your premium brand, Emmanuel Babeau: I cost I'm Our key strategic priorities for 2025 are clear. As we continue to support a function and development of our smoke to business, what is the UI, and international. We expect continued strong momentum in 2025. And we remain confident in our ability to deliver our our twenty twenty four, twenty twenty six growth target as we progress towards our ambition of becoming substantially smarter by twenty thirty Finally, and importantly, our strong growth output and highly cost generative business enables us to continuously reinvest in our small footprint transformation while returning cash to shareholders. In September we increased our annual dividend for the seventeenth consecutive year in line with our long term Thank you. And Emmanuel and I, would be happy now to answer your question. Operator: Thank you. As a reminder, to ask a question, please press To withdraw your question, please press star one one again. And our first question today comes from Matt Smith of Stifel. Your line is open. Matt Smith: Yeah. Speaking to Manuel. Emmanuel Babeau: Good morning. May I ask who's calling? Matt Smith: The 2025 outlook calls for HTU shipments in Owen Bennett: in numbers or in market sales growth fairl”