INTERNATIONAL & USA PRESS INQUIRIES
Please contact David Fraser for international media inquiries
December 5, 2023
Philip Morris International Inc. Presents at 2023 Morgan Stanley Global Consumer & Retail Conference
downloadThe session will be webcast live in listen-only mode, beginning at approximately
“Today, we are reaffirming our full-year EPS forecast - with excellent expected 2023 organic top-line growth and double-digit currency-neutral adjusted diluted EPS growth. This is underpinned by the continued strength of our smoke-free portfolio led by our two blockbuster premium brands: IQOS and ZYN,” said
2023 Full-Year Forecast
PMI reaffirms its 2023 full-year reported diluted EPS forecast, announced on
The assumptions underlying this forecast remain unchanged versus those communicated by PMI in its earnings release of
Factors described in the Forward-Looking and Cautionary Statements section of this release represent continuing risks to these projections.
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Full-Year |
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2023 Forecast |
2022 |
Growth |
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Reported Diluted EPS |
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- |
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Adjustments: |
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Asset impairment and exit costs |
0.06 |
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— |
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Termination of distribution arrangement in the |
0.04 |
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— |
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Income tax impact associated with |
0.03 |
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(0.13) |
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Amortization of intangibles |
0.24 |
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0.09 |
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Impairment of goodwill and other intangibles |
0.44 |
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0.06 |
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Costs associated with |
— |
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0.06 |
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Charges related to the war in |
0.01 |
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0.08 |
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0.01 |
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0.06 |
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Termination of agreement with |
0.07 |
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— |
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0.11 |
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— |
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Fair value adj. for equity security investments |
(0.02) |
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(0.02) |
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Tax items |
0.11 |
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(0.03) |
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Total Adjustments |
1.10 |
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0.17 |
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Adjusted Diluted EPS |
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- |
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Less: Currency |
(0.53) |
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Adjusted Diluted EPS, excluding currency |
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- |
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10.0% - 10.5% |
Forward-Looking and Cautionary Statements
This press release contains projections of future results and goals and other forward-looking statements, including statements regarding expected financial or operational performance; capital allocation plans; investment strategies; regulatory outcomes; market expectations; and business plans and strategies.
Achievement of future results is subject to risks, uncertainties and inaccurate assumptions. In the event that risks or uncertainties materialize, or underlying assumptions prove inaccurate, actual results could vary materially from those contained in such forward-looking statements. Pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, PMI is identifying important factors that, individually or in the aggregate, could cause actual results and outcomes to differ materially from those contained in any forward-looking statements made by PMI.
PMI's business risks include: excise tax increases and discriminatory tax structures; increasing marketing and regulatory restrictions that could reduce our competitiveness, eliminate our ability to communicate with adult consumers, or ban certain of our products in certain markets or countries; health concerns relating to the use of tobacco and other nicotine-containing products and exposure to environmental tobacco smoke; litigation related to tobacco use and intellectual property; intense competition; the effects of global and individual country economic, regulatory and political developments, natural disasters and conflicts; the impact and consequences of
PMI is further subject to other risks detailed from time to time in its publicly filed documents, including PMI’s Annual Report on Form 10-K for the fourth quarter and year ended
View source version on businesswire.com: https://www.businesswire.com/news/home/20231205103653/en/
Investor Relations:
Lausanne: +41 (0)58 242 4666
Email: InvestorRelations@pmi.com
Media:
Lausanne: +41 (0)58 242 4500
Email: David.Fraser@pmi.com
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