“This drives our confidence in strong and sustainable adjusted diluted EPS growth in both currency neutral and dollar terms.”

In context

“year target targets demonstrating our ability to deliver what we believe to be best in class CPG growth. Adjusted diluted EPS growth in dollar term is a key objective and we are pleased to see this delivered in H1 as well as in our outlook for the year. I will now conclude this presentation with some closing remarks. We delivered an exceptional first half of the year placing us well on track for another year of strong performance. Our smoke-free growth is increasingly profitable as IQOS ZYN, and ZYN gain scale and drive synergies at the consumer and commercial level. Our best in class financial performance is bolstered by underlying strengths across all categories including the resilience of our combustible business, in addition to our proactive measures on pricing and cost efficiencies. This drives our confidence in strong and sustainable adjusted diluted EPS growth in both currency neutral and dollar terms. Finally, we remain a highly cash generative business with an unwavering commitment to our progressive dividend policy. We look forward to further rewarding our shareholders as our transformation delivers continued growth. Thank you, and we are now very happy to answer your questions. Operator: To withdraw your question, please press star one one again. Our first question comes from Gaurav Jain with Barclays. Your line is open. Hi. Good morning, Valvolio. Emmanuel Babeau: Morning, Aurora. You. Gaurav Jain: Thank you for taking my question. So a few questions for me. One is on ZYN. So you know, you are saying that restock was less than what you had expected. So how should one read it that your expectations for future growth They were higher earlier, and now they are lower. And not only us,”