MAAT INDEX

CLAIM #50236 · PM (PM) · 2024Q4 earnings call · Feb 6, 2025 · due Dec 31, 2025

But, you know, the way we organize our supply chain as you know, US on the ZYN is essentially self sufficient. Our supply chains in Europe I mean, we organized our supply chain almost by blocks, so I don't see at this at this stage that they should be on a surprises coming on the tariff side.

Jacek Olczak · CEO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

of a few factors, we still looking at the pricing contributions, pretty obvious. There's obviously positive Mix, right, between a categories and especially now that we have a free smoke free categories, on the positive to margin path including the vape. So, you know, the recircheated. You know, our strategy of going selectively, but you know, with the right impacts in the geographies that is needed in order receiving money, you know, behind if you like or marching behind. So this will contribute. And, you know, we've had in the past that you remember quite a headwinds headwinds coming from a COGS. And I think those have I think they are behind us. this base here and there, Okay? Then obviously, this whole, you know, conversations especially coming from the US about the tariffs and so on. But, you know, the way we organize our supply chain as you know, US on the ZYN is essentially self sufficient. Our supply chains in Europe I mean, we organized our supply chain almost by blocks, so I don't see at this at this stage that they should be on a surprises coming on the tariff side. I think we're pretty confident where we'll land with the COGS for the year. There is obviously ongoing support coming from the scale of IQOS, especially devices. When the okay. There was a con be of scale. There was a robustness of the device in terms of a quality, etcetera. So we actually don't have this like, in the past, a bit of a pressure on the margins coming from a device sales. This this we have well stabilized for twenty twenty four towards behind the margin expansion. And I think we we we should expect the same expecting the same in a twenty five. Now your questions with regards to Illuma margins US, okay, maybe one by one, we still expect that hopefully you know, we will get the authorization for I CONSULUMA around the mid of the year. Again, on the one hand, one could read thi

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SEC filings for PM · Claim quote is verbatim from the 2024Q4 earnings call.