Philip Morris International has raised its targets for 2024, anticipating adjusted EPS at constant exchange rates of between $6.55 and $6.67, up 9 to 11% on 2023 (instead of $6.43 to $6.55).

The Stamford, Connecticut-based cigarette maker reports adjusted EPS growth (excluding currency effects) of 23.2% to $1.50 for the first three months of 2024, on revenues up 11% organically to $8.8 billion.

"Vigorous momentum in the smokeless business continues, with rapid growth in underlying volumes and accelerating organic net growth in revenues and gross profit", emphasizes CEO Jacek Olczak.

Copyright (c) 2024 CercleFinance.com. All rights reserved.