“While we continue to expect a moderation in H2 pricing due to timing and comparison dynamic, We now forecast plus 6% to plus 7% for the full year.”

In context

“Africa. Global travel retail were multi categories, increasingly prominent, also continues to grow strongly. The world largest cigarette market by volume outside China is Indonesia, where Jakarta, OffTech share grew by plus 2.5 points year on year 7.5%. Following promising results from the pilot launch of our full flavor, it not burn technology Bons, which is tailored to local test preferences, we have recently commenced a broader rollout. Bond is also progressing well in Lebanon. Turning to combustible. Our business delivered robust organic net revenue growth of 2% in Q2 and plus 2.9% for H1 with Marlboro reaching a post spin category share high of 10.7% in Q2. Strong Q2 pricing of plus 7.2% included notable contribution from Indonesia Germany, and Italy yielding plus 7.7% in H1 overall. While we continue to expect a moderation in H2 pricing due to timing and comparison dynamic, We now forecast plus 6% to plus 7% for the full year. Our strategy is to take pricing action to optimize the financial contribution to the business over time which can naturally impact volume and share performance on a quarterly basis. Our convertible business is resilient and the combination of pricing category leadership and ongoing efficiencies drove very good gross profit growth as covered earlier. This performance is in line with our objective of maximizing value over time and supporting the growth of our smoke-free business. This brings me to our revised outlook for a remarkable 2025. Where we are raising our adjusted deleted EPS forecast for the year in both currency neutral and the long term. As expected, we delivered a strong H1 organic performance compared to our target ranges for the full year. While combustible volume dynamic and”