Czech Cigarette Market Fell 2.9% in Quarter, Philip Morris Says

Philip Morris International Inc. (PM), the world’s largest publicly traded tobacco company, said the cigarette market in the Czech Republic fell 2.9 percent in the first quarter.

The market share of Philip Morris brands declined 1.4 percentage points to 43.6 percent and it shipped 6 percent fewer cigarettes in the period as demand for labels like Petra or Sparta fell, the company said in a regulatory filing today.

To contact the reporter on this story: Lenka Ponikelska in Prague at lponikelska1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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