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)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Tobacco-Free Kids: If Philip Morris Is Serious About a "Smoke-Free World," It Should Stop Marketing Cigarettes, Fighting Efforts to Reduce Smoking

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/21/2017 | 06:37pm CEST

By a News Reporter-Staff News Editor at Health & Medicine Week -- Statement of Matthew L. Myers, President, Campaign for Tobacco-Free Kids

Philip Morris International - the world's largest non-governmental cigarette manufacturer - has announced that it is establishing a Foundation for a Smoke-Free World, with funding of $80 million per year over the next 12 years (see also Campaign for Tobacco-Free Kids).

Philip Morris has a long history of deceiving the public and doing whatever it takes to sell cigarettes. This is not the first time Philip Morris has announced that it is funding "independent" research, nor is it the first time it has claimed to support "independent" researchers. Each of its past efforts have been nothing more than a smokescreen to divert attention from its marketing practices, the harm its products cause and the strong scientific consensus that already existed - both about the harm of its products and the scientifically proven ways to reduce tobacco use. There is no reason to believe that this announcement is any different.

Today, we know how to reduce tobacco use. The scientific evidence is strong and conclusive. The problem is that companies like Philip Morris continue to oppose the adoption of these policies and programs.

Philip Morris' claimed commitment to a "smoke-free world" cannot be taken seriously so long as it continues to aggressively market cigarettes and fight proven policies to reduce smoking and save lives around the world. Until Philip Morris ceases these harmful activities, its claims should be seen as yet another public relations stunt aimed at repairing the company's image and not a serious effort to reduce the death and disease caused by its products. The amount Philip Morris is spending on its new foundation is a drop in the bucket compared to the $75 billion in revenues and over $17 billion in profits the company reported in 2016, most of it from selling cigarettes.

If Philip Morris is truly committed to a smoke-free future, it should immediately take two steps: 1) Actively support the policies to reduce cigarette smoking that are endorsed by the public health community and an international public health treaty, the World Health Organization Framework Convention on Tobacco Control (FCTC); and 2) set an example for the tobacco industry by stopping all marketing of cigarettes.

Keywords for this news article include: Smoking, Marketing, Advertising, Public Health, Campaign for Tobacco-Free Kids.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC

(c) 2017 NewsRx LLC, source Health Newsletters

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PHILIP MORRIS INTERNATIONA
08/15Big Businesses Look for Healthier Alternatives to Smoking for Drug Delivery
AQ
08/06Japan Tobacco buying Bangladesh Akij's tobacco business for $1.5 billion
RE
08/04TOBACCO RISK REDUCTION : ERA petitions UNN, warns against Biotech Centre’s..
AQ
08/04PHILIP MORRIS (PM) ALERT : Johnson Fistel Investigates Philip Morris Internation..
PR
08/02PHILIP MORRIS INTERNATIONAL : Patent Issued for Spent Cartridge Detection Method..
AQ
08/01PHILIP MORRIS INTERNATIONAL : Ferrari stock dives after CEO says targets 'aspira..
AQ
07/26PHILIP MORRIS INTERNATIONAL INC. : PMI Reports 2018 Second-Quarter Results
AQ
07/26PHILIP MORRIS INTERNATIONAL : Study Findings from Philip Morris International In..
AQ
07/26PHILIP MORRIS INTERNATIONAL : PMI) Files Quarterly Report on Form 10-Q
PU
07/26PHILIP MORRIS INTERNATIONAL : to hike price of IQOS heat-not-burn tobacco sticks..
AQ
More news
News from SeekingAlpha
08/15Tracking Gardner Russo & Gardner Portfolio - Q2 2018 Update 
08/13DIVIDEND SENSEI'S PORTFOLIO UPDATE 4 : Overcoming Adversity And Soaring To New H.. 
08/12Philip Morris Can't Catch A Break 
08/12How To Retire Comfortably By 62 With A Million 
08/10How To Retire At 63 With A Meager Million 
Financials ($)
Sales 2018 29 595 M
EBIT 2018 11 687 M
Net income 2018 7 925 M
Debt 2018 25 926 M
Yield 2018 5,44%
P/E ratio 2018 16,19
P/E ratio 2019 15,01
EV / Sales 2018 5,18x
EV / Sales 2019 4,90x
Capitalization 127 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
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 93,1 $
Spread / Average Target 13%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
PHILIP MORRIS INTERNATIONAL-19.85%127 252
BRITISH AMERICAN TOBACCO-18.53%119 357
IMPERIAL BRANDS-6.73%35 850
SWEDISH MATCH59.53%9 890
ESSENTRA-11.54%1 568
PHILIP MORRIS CR, A.S.--.--%1 269