Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Philip Morris International    PM

PHILIP MORRIS INTERNATIONAL

(PM)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Philip Morris International : Outlines Progress on Sales of Smoke-Free Products

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2019 | 12:26pm EDT

By Maitane Sardon

Philip Morris International Inc. (PM) said Thursday that smoke-free products represented 13.8% of its total net revenues in 2018, as it works toward its goal of replacing cigarettes with "less harmful products" such as e-cigarettes and heated tobacco products.

The company, facing increasing pressure from investors due to the negative impacts of cigarettes on people's health, said it dedicated 92% of its research and development budget to developing smoke-free products in 2018.

Philip Morris said 6.6 million of its consumers had stopped smoking and switched to one of its heated tobacco products at the end of 2018. It aims to reduce the number of cigarette smokers by 55 million by 2025.

Around 60% of its global commercial expenditure was dedicated to the commercialization of smoke-free products in 2018, it said.

However, the company added that smoke-free products are not an alternative to stopping smoking and the best choice for consumers concerned about the health risks of smoking is to quit.

Write to Maitane Sardon at maitane.sardon@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PHILIP MORRIS INTERNATIONA
05/23PHILIP MORRIS INTERNATIONAL : responds to Brazil lawsuit over health costs
AQ
05/23PHILIP MORRIS INTERNATIONAL : Initial filing by director officer or owner of mor..
PU
05/23PHILIP MORRIS INTERNATIONAL INC. : Change in Directors or Principal Officers, Re..
AQ
05/22Citing Reuters report, health groups push tech firms to police tobacco market..
RE
05/22PHILIP MORRIS INTERNATIONAL : Announces U.S. Food and Drug Administration Author..
AQ
05/21PHILIP MORRIS INTERNATIONAL : Creates Four New Executive Roles
DJ
05/21PHILIP MORRIS INTERNATIONAL : Strengthens Organizational Capabilities to Realize..
BU
05/21PHILIP MORRIS INTERNATIONAL : PMI launches It's Time campaign at Future of Every..
PU
05/16PHILIP MORRIS INTERNATIONAL : Outlines Progress on Sales of Smoke-Free Products
DJ
05/15PHILIP MORRIS INTERNATIONAL : PMI Launches 2018 Sustainability Report
AQ
More news
Financials ($)
Sales 2019 29 708 M
EBIT 2019 11 589 M
Net income 2019 7 940 M
Debt 2019 24 184 M
Yield 2019 5,54%
P/E ratio 2019 16,77
P/E ratio 2020 15,00
EV / Sales 2019 5,25x
EV / Sales 2020 4,97x
Capitalization 132 B
Chart PHILIP MORRIS INTERNATIONAL
Duration : Period :
Philip Morris International Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PHILIP MORRIS INTERNATIONA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 94,1 $
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
André Calantzopoulos Chief Executive Officer & Director
Louis C. Camilleri Non-Executive Chairman
Jacek Olczak Chief Operating Officer
Martin G. King Chief Financial Officer
Patrick Brunel Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
PHILIP MORRIS INTERNATIONAL26.78%131 683
BRITISH AMERICAN TOBACCO PLC19.38%87 017
IMPERIAL BRANDS-13.80%24 918
SWEDISH MATCH32.23%8 224
PHILIP MORRIS CR, A.S.0.00%1 143
TURNING POINT BRANDS INC85.30%968