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
07:50aFlipkart, Amazon, others rush to pull vaping devices after India ban
RE
09/18PHILIP MORRIS INTERNATIONAL : Why does PMI Continue to Sell Cigarettes in Indone..
PU
09/16PHILIP MORRIS INTERNATIONAL : Thinking about trading options or stock in Blackst..
PR
09/16Indonesia Tobacco Companies Plunge on News of Higher Cigarette Prices, Taxes
DJ
09/11PHILIP MORRIS INTERNATIONAL'S RESPON : It's time for a new conversation
PU
09/11PHILIP MORRIS INTERNATIONAL : Raises Quarterly Dividend by 2.6% to $1.17
DJ
09/11PHILIP MORRIS INTERNATIONAL : Inc. Increases Dividend by 2.6% to an Annualized R..
BU
09/04BAT launches more vaping products in Japan to take on Philip Morris
RE
08/30BEFORE YOU HIT ‘SEND' : How to write a CV and covering letter that will he..
PU
08/30Juul's Marketing Under Scrutiny As Vaping Increases Among Teens -- WSJ
DJ
More news
Financials (USD)
Sales 2019 29 956 M
EBIT 2019 11 654 M
Net income 2019 7 844 M
Debt 2019 24 403 M
Yield 2019 6,45%
P/E ratio 2019 14,1x
P/E ratio 2020 12,7x
EV / Sales2019 4,54x
EV / Sales2020 4,30x
Capitalization 112 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
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 95,25  $
Last Close Price 71,71  $
Spread / Highest target 53,4%
Spread / Average Target 32,8%
Spread / Lowest Target -0,99%
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 INTERNATIONAL7.19%111 336
BRITISH AMERICAN TOBACCO PLC18.44%84 501
ALTRIA GROUP-17.31%76 293
ITC-15.78%41 305
JAPAN TOBACCO INC-10.46%37 937
IMPERIAL BRANDS-9.30%25 400