"Our increased full-year EPS guidance reflects the benefit of a lower effective tax rate and incorporates,
at this early stage in the year, some caution regarding: on-going volume challenges in the GCC; the pricing
environment in Russia; and less-rapid-than-initially-projected growth in sales of devices to consumers in Japan in
the first quarter, as we are now reaching more conservative adult smoker segments that may require, at least at
first, slightly more time for adoption. Even if this temporary dynamic in Japan persists, we remain on track to double
our worldwide in-market sales of heated tobacco units compared to 2017."
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