“The highlight of 2008 was clearly our spin-off from
“Our track record is excellent. Over the last ten years, we have increased our volume at a compound annual growth rate of 2.0% and our OCI at a compound annual growth rate of 7.6%,” said Mr. Camilleri. “In spite of the difficult global economic environment, I remain very confident in PMI’s ability to continue to generate superior returns for our shareholders over the long term.”
More than 86% of the shares entitled to vote were represented at the
meeting in person or by proxy, the nine nominees for director named in
the proxy statement were elected; the selection of
An archived copy of the audio webcast of PMI’s Annual Meeting of
Shareholders is available until
Forward-Looking and Cautionary Statements
This press release contains 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. The following important factors could cause actual results and outcomes to differ materially from those contained in such forward-looking statements.
PMI is also subject to legislation and governmental regulation, including actual and potential excise tax increases; discriminatory excise tax structures; increasing marketing and regulatory restrictions; the effects of price increases related to excise tax increases on consumption rates and consumer preferences within price segments; health concerns relating to the use of tobacco products and exposure to environmental tobacco smoke; privately imposed smoking restrictions; and governmental investigations.
PMI is subject to litigation, including risks associated with adverse jury and judicial determinations, and courts reaching conclusions at variance with the company’s understanding of applicable law.
PMI is further subject to other risks detailed from time to time in its
publicly filed documents, including the Form 10-K for the year ended
Philip Morris International Inc.
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