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The global Tobacco market, valued at $909.8 billion in 2022, is projected to reach $1.1 trillion by 2030, growing at a CAGR of 2.6%. The U.S. market alone is estimated at $247.9 billion, while China's market is forecasted to grow at 4.7% CAGR, reaching $220.9 billion by 2030. The report highlights persistent challenges such as inflation, potential recession, and volatile financial markets. Despite these issues, the Next Generation Products segment is expected to see a robust growth rate of 4.4% CAGR. Key competitors in the market include Altria Group and Philip Morris International.
The Board of Directors of Philip Morris International (NYSE: PM) has declared a quarterly dividend of
Philip Morris International (PM) reaffirms its 2023 full-year forecast for reported diluted EPS between
Philip Morris International (PM) announced a live audio webcast of a presentation by Chief Financial Officer Emmanuel Babeau at the Consumer Analyst Group of New York (CAGNY) Conference on February 22, 2023, at 11:00 a.m. ET. The session can be accessed in listen-only mode on www.pmi.com/2023cagny. An archived version will be available until March 23, 2023. PMI's focus includes transitioning to smoke-free products, having invested over $10.5 billion since 2008. The company acquired Swedish Match in November 2022, enhancing its smoke-free product portfolio.
Philip Morris International reported its 2022 financial results, showcasing a reported diluted EPS of $5.81 and an adjusted diluted EPS of $5.98, marking a currency-neutral growth of 11.9%. The fourth quarter highlighted a total shipment volume growth of 1.2% and a 26.1% increase in heated tobacco units (HTUs). Smoke-free products accounted for 32.1% of net revenues, with strong growth from IQOS and ZYN brands. For 2023, PMI forecasts diluted EPS between $6.09 and $6.21, projecting organic revenue growth of 7% to 8.5%. Challenges from the war in Ukraine and inflationary pressures are noted, alongside a 1.6% dividend increase to $1.27 per share.
On May 11, 2022, Philip Morris Holland Holdings B.V. announced a public offer to acquire shares of Swedish Match AB. The acceptance period has been extended multiple times, with the latest deadline set for November 4, 2022. Regulatory approvals have been largely obtained, except for one from the European Commission, which is pending. As of October 3, 2022, shareholders have tendered approximately 0.51% of Swedish Match's shares. The merger aims to align with Philip Morris's strategy in a challenging market environment.
On May 11, 2022, Philip Morris Holland Holdings B.V. (PMHH), an affiliate of Philip Morris International Inc. (PMI), announced a recommended public offer to Swedish Match AB shareholders to tender all shares. The acceptance period, initially expiring on September 30, 2022, is extended to October 21, 2022. PMHH has acquired necessary approvals, pending the European Commission's merger control approval. As of August 8, 2022, 3,637,683 shares (approx. 0.24% of voting rights) were tendered. Settlement is anticipated post-approval announcements, around October 27, 2022.
Philip Morris International reported a second-quarter diluted EPS of $1.43, with pro forma adjusted EPS of $1.32, indicating a 5.6% currency-neutral growth. The company announced a full-year EPS forecast of $5.73 to $5.88, showcasing a 10% to 12% anticipated growth. Despite challenges from the Ukraine conflict and disruptions in supply chains, total shipment volume rose by 3%, driven by a significant uptick in heated tobacco units. The firm plans to continue investment in smoke-free products, with pro forma revenues from these items constituting 30.5% of total revenue.
On June 28, 2022, Philip Morris Holland Holdings B.V. (PMHH), a subsidiary of Philip Morris International (PM), announced a public offer for all shares of Swedish Match AB (SWMAY). The offer document has been approved by the Swedish Financial Supervisory Authority and is accessible on the official website. The acceptance period begins on June 29, 2022, and concludes on September 30, 2022, with settlement expected on or around October 6, 2022. PMHH retains the right to extend the acceptance period as necessary.
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.
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