Difference between revisions of "Philip Morris International"
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Philip Morris International (PMI), the world’s largest publicly traded tobacco company, operates in approximately 180 countries and reported 18.31 billion USD (2017 Annual report) in profits in 2017. PMI, a U.S.-based corporation, only sells its products outside the U.S. PMI was separated from its parent company, the [[Altria Group]], in March 2008, in part to protect the company from increased U.S.-based regulation and Litigation. Although PMI and [[Altira Group|Altria]] are now legally separate companies, PMI’s leadership remains largely the same as it was under [[Altira Group|Altria]]. | Philip Morris International (PMI), the world’s largest publicly traded tobacco company, operates in approximately 180 countries and reported 18.31 billion USD (2017 Annual report) in profits in 2017. PMI, a U.S.-based corporation, only sells its products outside the U.S. PMI was separated from its parent company, the [[Altria Group]], in March 2008, in part to protect the company from increased U.S.-based regulation and Litigation. Although PMI and [[Altira Group|Altria]] are now legally separate companies, PMI’s leadership remains largely the same as it was under [[Altira Group|Altria]]. | ||
| + | |||
| + | ==Staffing== | ||
| + | Majority of their executive hires are from within who worked with the organisation for a number of years | ||
| + | The executive staff and board members only have two female hires (out of 20). | ||
==Trends== | ==Trends== | ||
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* 4.6 million adult consumers around the world have already stopped smoking and made change to [[IQOS]] | * 4.6 million adult consumers around the world have already stopped smoking and made change to [[IQOS]] | ||
| − | + | ==2018 Forecast== | |
| + | * Further investment in [[IQOS]] and planned lifting of the restriction on [[IQOS]]device sales in key markets | ||
| + | * PMI’s USD 80 million dollar donation to the Foundation for a Smoke-Free World will be fully expensed in Q1/2018 | ||
| + | * Anticipation of a strong net revenue (ex-currency) in Q1/2018 | ||
| + | * Morphing local brands into international brands and increase efficiency | ||
| + | * Increase in combustible products prices, coupled with a decreased volume of products | ||
| + | * [[IQOS]] priority is to go deeper in the existing markets (they weren’t specific on any new | ||
| + | markets they were hoping to explore) | ||
Revision as of 10:41, 25 April 2018
Philip Morris International (PMI), the world’s largest publicly traded tobacco company, operates in approximately 180 countries and reported 18.31 billion USD (2017 Annual report) in profits in 2017. PMI, a U.S.-based corporation, only sells its products outside the U.S. PMI was separated from its parent company, the Altria Group, in March 2008, in part to protect the company from increased U.S.-based regulation and Litigation. Although PMI and Altria are now legally separate companies, PMI’s leadership remains largely the same as it was under Altria.
Staffing
Majority of their executive hires are from within who worked with the organisation for a number of years The executive staff and board members only have two female hires (out of 20).
Trends
- Estimated international cigarette and heated tobacco unit volume, excluding China and the United States, of 2.8 trillion, is down by 2.8 percent
- Cigarette and heated tobacco unit shipment volume of 798.2 billion is down by 2.7 percent. Best year-to-date for Reduced-risk products (RRPs)
- Reported net revenues of USD 78.1 billion is up by 4.2 percent
- PMI increased its regular quarterly dividend by 2.9 percent, from USD 1.04 to 1.07, representing an annualized rate of USD 4.28per common share
- 2018 will see a restructure six Regional market segments (from the existing four) to support PMI’s business transformation
- 4.6 million adult consumers around the world have already stopped smoking and made change to IQOS
2018 Forecast
- Further investment in IQOS and planned lifting of the restriction on IQOSdevice sales in key markets
- PMI’s USD 80 million dollar donation to the Foundation for a Smoke-Free World will be fully expensed in Q1/2018
- Anticipation of a strong net revenue (ex-currency) in Q1/2018
- Morphing local brands into international brands and increase efficiency
- Increase in combustible products prices, coupled with a decreased volume of products
- IQOS priority is to go deeper in the existing markets (they weren’t specific on any new
markets they were hoping to explore)
