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Tag: Philip Morris

  • PMI Reports Higher Third-Quarter Revenue

    PMI Reports Higher Third-Quarter Revenue

    Philip Morris International reported third-quarter 2026 net revenue of $11.4 billion, up 5.5% from a year earlier, while operating income increased 14.1% to $4.9 billion. Adjusted diluted earnings per share rose 5.4% to $2.36. Shipment volume increased 0.6% to 206.2 billion cigarette-equivalent units, including 2.7% growth in smoke-free products. Smoke-free products accounted for more than 40% of quarterly revenue.

    IQOS heated-tobacco unit shipments rose 1.5% to 41.5 billion, while VEEV e-vapor shipments increased 61.6%. In the United States, ZYN nicotine pouch shipments grew 4.2% to 3.2 billion pouches. PMI raised its regular quarterly dividend 8.8% to $1.60 per share and updated its 2026 adjusted diluted earnings-per-share forecast to $8.29 to $8.44, excluding currency effects.

    Following PMI’s third-quarter results, Reuters reported that the company faces rising cost pressures from the war in the Middle East, including energy-related inflation expected to worsen in the fourth quarter. Strikes in Ukraine have also disrupted operations, and PMI expects the effects to continue weighing on operating income this year. The company said the broader effects on consumers and global costs remain difficult to assess, although the situation is currently manageable.

    Reuters also highlighted slower ZYN growth amid competition from British American Tobacco’s Velo. PMI plans to increase investment in ZYN and transition most of its U.S. nicotine pouch portfolio from 15-pouch to 20-pouch cans. Reuters reported that PMI shares fell 3% in premarket trading following the results.

  • Nelt Group and PMI Renew Serbian Distribution Agreement

    Nelt Group and PMI Renew Serbian Distribution Agreement

    Nelt Group and Philip Morris International signed a new five-year distribution agreement for Serbia, extending a partnership that began in 2014. The agreement covers distribution operations in the Serbian market. Nenad Miščević, Nelt Group’s vice president for the Serbian market, said the renewed agreement continues the companies’ cooperation.

  • PMI Study Puts EU Economic Contribution at €343 Billion From 2021 to 2025

    PMI Study Puts EU Economic Contribution at €343 Billion From 2021 to 2025

    Philip Morris International (PMI) contributed nearly €343 billion to the European Union economy from 2021 through 2025, including €22.3 billion in spending with European suppliers, €27.4 billion invested across its European operations, and €39.5 billion in exports, according to an economic footprint study prepared by EY-Parthenon and released Oct. 15. The study also found that PMI’s European value chain supported nearly 164,000 jobs in 2025, including about 22,500 direct jobs, and that the company invested €422 million in research and development in Europe. PMI reported an additional approximately €2.2 billion in R&D activities in Switzerland.

    PMI said the figures reflect its manufacturing, supply-chain, research, and commercial activities across the region. The company reported that more than half of its net revenues in Europe came from smoke-free products in the fourth quarter of 2025. Since 2008, PMI has invested more than $16 billion globally in developing, scientifically assessing, and commercializing smoke-free products, including heated-tobacco devices, nicotine pouches, and e-vapor products.

    The report is the second edition of PMI’s EU Economic Footprint Study and covers the period from 2021 to 2025. PMI Europe President Marco Hannapel said the company’s investments and industrial operations contribute to the region’s economic activity and called for regulatory frameworks that support investment and innovation. The full EU Economic Footprint Study is available from PMI.

  • PMI to Report Third-Quarter Results Oct. 21

    PMI to Report Third-Quarter Results Oct. 21

    Philip Morris International will release its 2026 third-quarter and first nine-month financial results at approximately 7 a.m. ET on Oct. 21, followed by a live audio webcast at 9 a.m. ET hosted by Group Chief Financial Officer Massimo Andolina. The webcast will include a discussion of financial results and a question-and-answer session with the investment community. The presentation, recording, and supporting materials will be available on the company’s investor relations website.

  • PMI Forum Highlights Smoke-Free Alternatives in Asia, Latin America

    PMI Forum Highlights Smoke-Free Alternatives in Asia, Latin America

    Philip Morris International (PMI) convened its first Central Asian Technovation forum in Tashkent, bringing together government officials, scientists, doctors, business leaders, and consumer advocates from Uzbekistan, Kazakhstan, Tajikistan, and Russia to discuss the role of smoke-free alternatives in tobacco policy. PMI representatives cited Japan, Sweden, and the United States as examples of markets where alternatives such as heated-tobacco products, snus, and nicotine pouches have been associated with declining cigarette use.

    PMI’s Dr. Tomoko Iida said cigarette sales in Japan fell by more than half between 2011 and 2023, while daily smoking in Sweden declined to 3.7% in 2025. Speakers also discussed the U.S. Food and Drug Administration’s reviews of certain tobacco and nicotine products, the importance of evidence-based regulation, and the risks of illicit trade. Participants emphasized that quitting smoking remains the preferred outcome, while arguing that adult smokers who do not quit should have access to accurate information about alternatives. Uzbekistan’s State Customs Committee reported reducing the illicit share of the tobacco market to about 7% and seizing more than 3 million illicit cigarette packs this year.

    Also:

    PMI Highlights Smoke-Free Products in Latin America

    Philip Morris International highlighted its smoke-free portfolio at its Technovation 2026 event in Buenos Aires on Oct. 7–8, showcasing IQOS heated-tobacco products and ZYN nicotine pouches. PMI Chief Global Growth Officer Stefano Volpetti said smoke-free products account for more than 7% of the market in Mexico City. Argentina lifted its prohibition on heated-tobacco products in May and introduced product-registration requirements, opening a regulated path for their sale.

    A PMI-commissioned survey found that only 8% of respondents across four Latin American countries were familiar with nicotine pouches, indicating limited consumer awareness of the category in the markets surveyed. The company’s regional strategy includes expanding its smoke-free product portfolio as regulatory frameworks and market access evolve across Latin America.

  • Japan’s Heated Tobacco Market Reaches New Milestone

    Japan’s Heated Tobacco Market Reaches New Milestone

    Heated tobacco and other noncombustible products accounted for a larger share of Japan’s tobacco sales than cigarettes in 2025, marking a significant shift in the country’s market, according to Toyo Keizai. Philip Morris International’s IQOS leads the heated tobacco category with about 70% market share, followed by Japan Tobacco’s Ploom at 16.4% and British American Tobacco’s glo at 14.3%, based on Euromonitor data cited by the publication.

    According to the article, Japan’s Oct. 1 tax changes narrowed the price gap between cigarettes and heated tobacco, while potentially tighter regulation could create additional challenges. BAT and PMI have also entered Japan’s nicotine-pouch market, with JT following this year.

  • South Korea’s Tobacco Companies Take Different Strategies on Alternatives

    South Korea’s Tobacco Companies Take Different Strategies on Alternatives

    South Korea’s major tobacco companies are taking different approaches to the growing e-cigarette market, according to Business Post. KT&G is focusing on premium products, Philip Morris Korea is expanding into liquid e-cigarettes, and BAT is strengthening its heated-tobacco lineup as competition in the country’s alternative nicotine market intensifies.

    The article says these strategies reflect broader efforts to expand beyond traditional cigarettes and capture demand for newer nicotine products. KT&G, Philip Morris, and BAT have established positions in South Korea’s heated-tobacco market, while the companies are increasingly broadening their portfolios across different categories of electronic nicotine products.

  • Brazil Intercepts 200K Illicit Vapes

    Brazil Intercepts 200K Illicit Vapes

    Brazil’s Federal Revenue Service seized a container at the Port of Santos containing about 200,000 smuggled electronic smoking devices in an operation conducted Sept. 18. The shipment originated in Yantian, China, and was destined for Montevideo, Uruguay, but was falsely declared as LED screens and electronics.

    Authorities found that about 95% of the cargo consisted of undeclared electronic cigarettes without marketing authorization. The seizure followed information provided by Philip Morris International’s Illicit Trade Prevention team, which alerted Brazil’s General Coordination of Customs Administration after identifying that the vessel would stop in Santos before continuing to Uruguay.

  • Canada Health Minister Rejects Calls to Loosen Pouch Rules

    Canada Health Minister Rejects Calls to Loosen Pouch Rules

    Canadian Federal Health Minister Marjorie Michel said she is not considering changes to Canada’s regulations governing nicotine pouches, which are regulated as smoking-cessation aids and restricted to adult sales through pharmacies. Zonnic, manufactured by Imperial Tobacco, is currently the only authorized nicotine pouch brand, with sales limited to 4 mg pouches and restricted flavors. Unsmoke Canada, part of Philip Morris International’s Rothmans, Benson & Hedges business, has campaigned for allowing pouches to be sold through retail stores, arguing that broader legal availability could address the illicit market.

    Michel acknowledged challenges with illicit sales, including online sales of products such as Zyn, while tobacco-control groups called for stronger enforcement rather than looser rules. The groups said nicotine pouch use among Canadian youth is increasing and warned that wider retail availability could increase youth access.

  • PMI Expands Global Services Hub in Philippines

    PMI Expands Global Services Hub in Philippines

    Philip Morris International’s global business services hub in Makati, Philippines, added more than 80 positions as it moved into higher-value services at its 8 Rockwell location. PMI Business Solutions Philippines began operations in 2021 with a focus on finance and information technology services for 20 markets. The hub now employs more than 500 professionals providing 600 services across finance, human resources, IT, commercial services, data analytics, supply chain, project management, and fleet services for 160 markets.

    PMIBS President Harry Tan said the company plans to use artificial intelligence to support more complex services and is focusing on talent development, operational expansion, and AI transformation. Philip Morris Fortune Tobacco Corporation President Zhenya Ivanov reaffirmed PMI’s commitment to the Philippines and PMIBS’ role in the company’s broader transformation and growth. The Makati facility is PMI’s second global business services center and its first in Asia.