Welcome to our dedicated page for Philip Morris International news (Ticker: PM), a resource for investors and traders seeking the latest updates and insights on Philip Morris International stock.
Philip Morris International Inc. (PM) is a leading American multinational tobacco company that has built a global presence with its products being sold in over 180 countries. Known for its flagship product, Marlboro, Philip Morris International is a major player in the tobacco industry, often referred to as part of 'Big Tobacco'.
The company's portfolio is extensive, primarily consisting of traditional cigarettes but also embracing reduced-risk products. These include heat-not-burn devices, vapor products, and oral nicotine products, which are marketed in regions outside the United States. Recent strategic moves highlight their shift towards diversification. In 2022, Philip Morris International acquired Swedish Match, a prominent manufacturer of traditional oral tobacco products and nicotine pouches, boosting their presence in the US and Scandinavian markets.
In a bid to expand beyond nicotine-based products, Philip Morris International acquired Vectura in 2021. Vectura specializes in innovative inhaled drug delivery solutions, marking the company's foray into the healthcare sector.
Financially, Philip Morris International has demonstrated resilience and adaptability, managing to sustain growth through an evolving product lineup and strategic acquisitions. With a strong focus on innovation and a commitment to reducing the harmful effects of tobacco, the company is well-positioned to navigate the challenges of an industry in transition.
Philip Morris International's latest news can be found on their official website, providing current updates on their financial performance, new product launches, partnerships, and other significant developments.
The Board of Directors of Philip Morris International (NYSE: PM) has declared a quarterly dividend of
Philip Morris International Inc. (PM) Chief Financial Officer Emmanuel Babeau addressed investors at the Deutsche Bank Global Consumer Conference in Paris. He highlighted strong growth fundamentals for 2022, particularly from the IQOS brand, and forecasted improved core business performance in Q2. PMI's strategic acquisition of Swedish Match aims to accelerate its smoke-free future, complemented by the upcoming launch of the VEEBA disposable e-vapor product. PMI has invested over USD 9 billion in smoke-free innovations and has 12.7 million global users of IQOS as of March 2022.
Philip Morris International (NYSE: PM) will host a live webcast featuring CFO Emmanuel Babeau at the 2022 Deutsche Bank Global Consumer Conference on June 14, 2022, at 8:30 a.m. CEST (2:30 a.m. ET). The webcast stream can be accessed live and archived at www.pmi.com/2022deutschebank until July 13, 2022. PMI is committed to a smoke-free future, investing over USD 9 billion since 2008 in smoke-free products like IQOS, now available in 71 markets, with 12.7 million adults having stopped smoking using their products.
Zayo Group Holdings has appointed Lisa Hook to its board of directors. Hook, a former President and CEO of Neustar, brings extensive experience in cloud infrastructure, telecommunications, and digital marketing. During her eight years at Neustar, she held key leadership positions, including on its board since 2010. Currently, she serves on the boards of Fidelity National Information Services (FIS), Philip Morris International (PM), and Ritchie Brothers Holdings (RBA). Hook aims to enhance Zayo's growth in the rapidly evolving communication infrastructure landscape.
Philip Morris International (PM) will participate in the Goldman Sachs Global Staples Forum, with CFO Emmanuel Babeau addressing investors today at approximately 9:35 a.m. ET. The event will be available via live audio webcast, and an archived version can be accessed until 5:00 p.m. ET on June 15, 2022. PMI is shifting towards a smoke-free future, having invested over USD 9 billion in smoke-free product development since 2008, with its products now available in 71 markets. As of March 31, 2022, approximately 12.7 million adults have switched to its IQOS products, helping reduce cigarette sales.
Philip Morris International (PM) will host a live video webcast featuring CFO Emmanuel Babeau on May 17, 2022, at 9:35 a.m. ET, during the Goldman Sachs Global Staples Forum. Viewers can access the webcast at www.pmi.com/2022goldmansachs. An archived version will be available until June 15, 2022. PMI is committed to a smoke-free future and has invested over USD 9 billion since 2008 in developing smoke-free products, aiming to eliminate cigarette sales. As of March 31, 2022, around 12.7 million adults globally have switched to PMI's IQOS products.
Philip Morris International (PM) has achieved its target of at least 40% female representation in managerial roles by 2022. CEO Jacek Olczak emphasized the importance of diversity for better decision-making and sustainable performance. The company plans to further aim for 35% of women in senior roles by 2025. Additionally, PM has been recertified by the EQUAL-SALARY Foundation, ensuring equal pay for male and female employees across over 90 markets. This achievement is part of PMI's commitment to gender equality and inclusion, alongside initiatives to tackle gender bias in the workplace.
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