In 2016, we announced our commitment to delivering a smoke-free future.
With every results statement, we are demonstrating our progress toward that vision of one day replacing cigarettes with scientifically substantiated smoke-free alternatives that, while not risk-free, are a much better choice for those adults who would otherwise continue to smoke.
Our full-year 2022 results reveal our extraordinary progress:
17.8 million (70 percent)
USD 10.5 billion
32.1 percent of our total net revenues for the year come from smoke-free products, with 17 markets generating over 50 percent of their total net revenues from smoke-free products.
We are well on our way to becoming a majority smoke-free company. Smoke-free products now account for almost one-third of our total net revenues for the year.
Explore the smoke-free categories offering adults who don’t quit cigarettes a better alternative
Important Note: This newsletter should be read in conjunction with the Philip Morris International Inc. earnings release dated February 9, 2023, available on www.pmi.com. Key terms, definitions, forward-looking, and cautionary statements, and explanatory notes, as well as reconciliations of non-GAAP financial measures to the most directly comparable U.S. GAAP measures, are set forth in the earnings release referenced above.