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PHILIP MORRIS INTERNATIONAL

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Philip Morris International's response to the Lancet: It's time for a new conversation

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09/11/2019 | 08:27am EST

An editorial published recently in the Lancet makes false accusations about PMI's actions and motivations with respect to the #UnsmokeYourWorld campaign. In her response, Marian Salzman, Senior Vice President Global Communications, speaks for PMI by providing the facts on the matter.

The editorial describes the campaign as duplicitous or nonsensical, in light of the fact that we encourage people to stop smoking, while at the same time collecting much of our revenue from cigarette sales. These and other arguments made in the editorial completely miss the point.

Marian's response argues that many of the Lancet's criticisms are disingenuous, or even in direct opposition to the interests of the 1 billion men and women who smoke around the world. In possession of an opportunity to work towards a smoke-free future, we could have chosen to keep quiet. We didn't.

Read her full response to the Lancet's editorial here.

Disclaimer

Philip Morris International Inc. published this content on 11 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2019 12:26:03 UTC

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Financials (USD)
Sales 2019 29 886 M
EBIT 2019 11 713 M
Net income 2019 7 489 M
Debt 2019 24 944 M
Yield 2019 5,46%
P/E ratio 2019 17,6x
P/E ratio 2020 15,2x
EV / Sales2019 5,25x
EV / Sales2020 4,97x
Capitalization 132 B
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 91,79  $
Last Close Price 84,79  $
Spread / Highest target 23,8%
Spread / Average Target 8,26%
Spread / Lowest Target -15,1%
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Managers
NameTitle
André Calantzopoulos Chief Executive Officer & Director
Louis C. Camilleri Chairman
Jacek Olczak Chief Operating Officer
Martin G. King Chief Financial Officer
Patrick Brunel Chief Information Officer & Senior Vice President
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