Philip Morris International Inc. (PMI) Presents at Morgan Stanley Global Consumer & Retail Conference
NEW YORK, Nov 18, 2008 (BUSINESS WIRE) -- Regulatory News:
Philip Morris International Inc. (NYSE/Euronext Paris: PM) Chairman and
Chief Executive Officer, Mr. Louis Camilleri, will address investors
today at the Morgan Stanley Global Consumer & Retail Conference in New
The presentation and Q&A session are being webcast live, in a
listen-only mode, beginning at approximately 12 Noon Eastern Time at www.pmintl.com.
An archived copy of the webcast, together with slides, will be available
on the same site.
The presentation will include the following key highlights:
As indicated in conjunction with the announcement of its third-quarter
results, PMI expects to meet the low end of its forecast for 2008
adjusted full-year diluted earnings per share of $3.32 to $3.38 from a
2007 pro-forma adjusted base of $2.79, representing growth of
approximately 19% to 21%. Continued volatility in the currency
markets, however, could cause the company to either fall short of, or
exceed, the low end of the range by $0.01 to $0.02;
The company is significantly ahead of schedule regarding its $13
billion, two-year share repurchase program and repurchases in the
fourth quarter 2008 will be low;
The company's robust year-to-date September financial results; and
Solid business momentum, exciting growth prospects and strong cash
flow place PMI in a strong position to weather the current economic
The presentation may contain projections of future results and other
forward-looking statements that involve a number of risks and
uncertainties and are made pursuant to the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995.
PMI is subject to other risks detailed from time to time in its publicly
filed documents, including the Quarterly Report on Form 10-Q for the
period ended September 30, 2008. PMI cautions that the list of important
factors is not complete and does not undertake to update any
forward-looking statements that it may make.
About Philip Morris International
Philip Morris International (PMI) [NYSE/Euronext Paris: PM] is the
leading international tobacco company, with seven of the world's top 15
brands including Marlboro, the number one cigarette brand
worldwide. PMI has more than 75,000 employees and its products are sold
in over 160 countries. The Company held a 15.6% share of the
international cigarette market outside of the United States in 2007.
For more information, see www.pmintl.com.
SOURCE: Philip Morris International Inc.
Philip Morris International Inc.
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