CLAIM #50329 · PM (PM) · 2025Q2 earnings call · Jul 22, 2025 · due Dec 31, 2025
“And then we say there is a step up in q four.”
Emmanuel Babeau · CFO
In context
“st two weeks of July we are north of thirty seven percent. I think the market is a bit above thirty nine percent. So, basically, we are going now in line with the market. So it just shows that we have absolutely resumed a strong momentum and that of course bodes very well for the future as at the same time as I mentioned, we are really restarting promotional advertising commercial activity in three sixty degree matters, which say. So that that's really what I think is important on the sequence. So, you know, in in my remark, I noted the fact that there may be some adjustment, you know, as as people have been maybe buying ZYN in in a kind of mindset of shortages, and we think there could be some adjustment on the volume year and there in q three. So that can impact the q three performance. And then we say there is a step up in q four. At the end of the day, we are now in a dynamic where we are quarter on quarter growing nicely. I think the growth in the second quarter twelve percent versus q one was by far the biggest sequential growth quarter on quarter since the first quarter of twenty twenty. Four. So we are absolutely back to renewed dynamism. And we are growing fast year on year, and that's what is driving our expectation for volume growth in in in the next in in the next month. Gaurav Jain: Sure. And my second question is just on EUTD. Like, you referenced, you know, a few comments, but you help us understand and more detail, like, what exactly are the proposals in terms of different tax rates on NGP products. Yeah. And if there is any update on e u t p d as well? Emmanuel Babeau: So, Gaurav, I'm I'm not going to”
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SEC filings for PM ↗ · Claim quote is verbatim from the 2025Q2 earnings call.