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Factories hidden underground or well-enough disguised to be unrecognizable are churning out an unprecedented 400 billion cigarettes each year to be sold in cities around the world

In 2013, Mac Baren Tobacco Company acquired Sutliff's Pipe Tobacco Division, strengthening both companies and enabling Sutliff to distribute Mac Baren products in the Western Hemisphere.

With this momentum, together with resilient combustibles delivery and further productivity initiatives, we are confident in sustainably delivering on our financial algorithm of +3-5% revenue2, +4-6% APFO1,2,3 and +5-8% adjusted diluted EPS1,2,3, with 2026 expected to be at the lower end of the range, as we continue to invest in our transformation

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