2019 FULL-YEAR & FOURTH-QUARTER HIGHLIGHTS
2019 Full-Year
Reported diluted EPS of
Adjusted diluted EPS of
Cigarette and heated tobacco unit shipment volume down by 2.0%, reflecting cigarette shipment volume down by 4.5% and heated tobacco unit shipment volume up by 44.2% (to 59.7 billion units); down by 1.4% on a like-for-like basis
Market share of heated tobacco units in IQOS markets, excluding the
Net revenues up by 0.6%; up by 6.4% on a like-for-like basis, excluding currency
Operating income down by 7.4%; down by 4.9%, excluding currency
Adjusted operating income up by 11.2% on a like-for-like basis, excluding currency
Adjusted operating income margin up by 1.7 points to 39.2% on a like-for-like basis, excluding currency
Regular quarterly dividend increase of 2.6% to an annualized rate of
Total IQOS users at year-end estimated at 13.6 million, of which 9.7 million have stopped smoking and switched to IQOS
IQOS introduced for sale in the
New IQOS 3 DUO device introduced in IQOS markets globally, excluding the
2019 Fourth-Quarter
Reported diluted EPS of
Adjusted diluted EPS of
Cigarette and heated tobacco unit shipment volume down by 5.0%, reflecting cigarette shipment volume down by 8.0% and heated tobacco unit shipment volume up by 40.7% (to 17.1 billion units); down by 4.4% on a like-for-like basis
Market share of heated tobacco units in IQOS markets, excluding the
Asset impairment and exit costs of approximately
Net revenues up by 2.9%; up by 6.3% on a like-for-like basis, excluding currency
Operating income down by 7.3%; down by 8.3%, excluding currency
Adjusted operating income up by 11.9% on a like-for-like basis, excluding currency
Adjusted operating income margin up by 1.8 points to 36.7% on a like-for-like basis, excluding currency
'2019 marked a year of strong underlying business performance for PMI, driven by broad-based growth for IQOS and solid pricing for our combustible tobacco portfolio, with like-for-like adjusted diluted EPS up by 9.9%, excluding currency,' said
'We continue to make significant progress in the transformation of our business, with smoke-free products now accounting for 8% of shipment volume and nearly one-fifth of net revenues, while further demonstrating our ability to maintain combustible tobacco leadership internationally, as evidenced by
'Although we anticipate a few temporary headwinds, notably in
2020 FULL-YEAR FORECAST: See full release at:
https://www.pmi.com/media-center/press-releases/press-release-details/?newsId=21846
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