Welcome to our dedicated page for Philip Morris news (Ticker: PM), a resource for investors and traders seeking the latest updates and insights on Philip Morris stock.
Philip Morris International (PM) maintains a dynamic presence in global markets through strategic initiatives and product evolution. This news hub provides investors and industry observers with essential updates about the company's financial performance, reduced-risk product developments, and regulatory engagements.
Access timely press releases and curated analysis covering PM's quarterly earnings, market expansion strategies, and innovations in smoke-free alternatives like heatsticks and oral nicotine products. Our repository simplifies tracking of critical milestones including acquisition announcements, sustainability efforts, and leadership changes impacting this tobacco industry leader.
All content undergoes rigorous verification to ensure accuracy and relevance for stakeholders monitoring PM's transition toward reduced-risk portfolios. Bookmark this page for streamlined access to operational updates and strategic disclosures from one of the world's largest publicly traded tobacco enterprises.
Philip Morris International reported its 2022 financial results, showcasing a reported diluted EPS of $5.81 and an adjusted diluted EPS of $5.98, marking a currency-neutral growth of 11.9%. The fourth quarter highlighted a total shipment volume growth of 1.2% and a 26.1% increase in heated tobacco units (HTUs). Smoke-free products accounted for 32.1% of net revenues, with strong growth from IQOS and ZYN brands. For 2023, PMI forecasts diluted EPS between $6.09 and $6.21, projecting organic revenue growth of 7% to 8.5%. Challenges from the war in Ukraine and inflationary pressures are noted, alongside a 1.6% dividend increase to $1.27 per share.
Philip Morris International (NYSE: PM) will hold a live audio webcast on February 9, 2023, at 9:00 a.m. ET to discuss its 2022 Fourth-Quarter and Full-Year results. The results will be released at approximately 7:00 a.m. ET on the same day. CEO Jacek Olczak and CFO Emmanuel Babeau will present the findings and outlook for 2023, answering questions from media and investors. The webcast can be accessed via the Investor Relations Mobile App or online, and an archived version will be available until March 10, 2023. PMI is committed to transitioning to smoke-free products, having invested over $9 billion since 2008 towards this goal.
Philip Morris International (PMI) has announced a long-term exclusive agreement with KT&G, South Korea’s leading tobacco manufacturer, to commercialize KT&G's innovative smoke-free products globally, excluding South Korea. The 15-year partnership, set to begin on January 29, 2023, includes commitments to produce 16 billion consumables in the first three years. This collaboration aims to promote smoke-free alternatives, aligning with PMI's vision for a smoke-free future. PMI has invested over USD 9 billion since 2008 in developing smoke-free products, with approximately 13.5 million adults having switched to PMI's IQOS.
Philip Morris International (PM) announced new biodiversity and water stewardship ambitions, aligning with the Post-2020 Biodiversity Framework at the UN Biodiversity Conference (COP15). The goals focus on achieving no net loss of ecosystems by 2033 and a net positive impact by 2050. PMI aims for carbon neutrality in its operations by 2025 and across its entire value chain by 2040. Recognized with a Triple A score by CDP, PMI emphasizes the importance of sustainable resource management to enhance resilience against climate change-related risks.
The Board of Directors of Philip Morris International (NYSE: PM) has declared a quarterly dividend of
On May 11, 2022, Philip Morris Holland Holdings B.V. (PMHH), an affiliate of Philip Morris International (PM), announced a public offer for all shares of Swedish Match AB. The offer, declared unconditional on November 7, 2022, led to PMHH acquiring 93.11% of Swedish Match shares by the end of the extended acceptance period. The final share price was adjusted to SEK 115.07 due to a dividend payment. PMHH plans to initiate a compulsory redemption for the remaining shares and seek delisting from Nasdaq Stockholm, aiming to create a comprehensive smoke-free product portfolio.
Philip Morris International (PMI) has announced a new regional structure and senior management changes to support its smoke-free business growth. The restructuring aims to enhance consumer focus and accelerate innovation, with a goal of becoming a majority smoke-free business by 2025. Key management appointments include Paul Riley, Frederic de Wilde, Massimo Andolina, and Deepak Mishra. The changes will take effect by January 2023, consolidating operations into four regions to boost the transition to smoke-free products in various markets, including the U.S.
Philip Morris International (PM) has launched BONDS by IQOS, a new heat-not-burn tobacco product designed for adults seeking alternatives to traditional cigarettes. This product uses the innovative ROUNDHEAT TOBACCO SYSTEM which heats tobacco without burning it, emitting 95% less harmful chemicals compared to cigarettes. BONDS by IQOS is initially available in the Philippines, with plans for wider commercialization by 2023. PMI aims for over 40 million adults to switch to smoke-free products by 2025, with expectations that smoke-free products will contribute over 50% of total net revenues by then.
Framtiden Management Company LLC has tendered its shares of Swedish Match AB to Philip Morris International, indicating disappointment in the acquisition terms for long-term shareholders. Dan Juran, Managing Member of Framtiden, stated their concern over the potential delisting of Swedish Match shares due to Philip Morris nearing a 90% ownership threshold. Juran expressed regret over tendering shares, originally hoping to remain a minority shareholder in a public company. The press release highlights a need for independent evaluation by Swedish Match shareholders regarding this takeover offer.
On May 11, 2022, Philip Morris Holland Holdings B.V. (PMHH), an affiliate of Philip Morris International (PM), proposed a public offer to acquire all shares of Swedish Match AB. By November 4, 2022, PMHH secured tender for approximately 82.59% of shares, declaring the offer unconditional. Following a dividend declaration, the offer price for subsequent shares was reduced to SEK 115.07. PMHH has now acquired 85.87% of Swedish Match shares, prompting plans for compulsory redemption and delisting from Nasdaq Stockholm, aiming for over 90% ownership.
FAQ
What is the current stock price of Philip Morris (PM)?
What is the market cap of Philip Morris (PM)?
