Philip Morris International Reports Progress Toward Accelerating the End of Smoking
Thursday, May 20, 2021 7:15PM IST (1:45PM GMT)
PMI releases Integrated Report, demonstrating strong ESG performance and progress toward delivering a smoke-free future
Lausanne, Switzerland:
Philip Morris International Inc. (PMI) (NYSE: PM) today published its Integrated Report, a comprehensive overview of the company’s environmental, social, and governance (ESG) performance and its progress toward its purpose of delivering a smoke-free future. This includes its 2025 ambitions to have switched more than 40 million adult smokers to its smoke-free products, with half from non-OECD countries, and for smoke-free products to account for more than 50 percent of PMI’s total net revenues. Further accelerating PMI’s transformation, this year the company introduced two new 2025 ambitions, linked to its Business Transformation Metrics:
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Philip Morris International Inc. Hosts 2021 Investor Day
Regulatory News:
Philip Morris International Inc. s (NYSE:PM) senior management will present the company s business strategies and growth outlook today at a virtual investor meeting, broadcast from the company s Operations Center in Lausanne, Switzerland.
Investor Day Highlights
Reaffirms its 2021 full-year reported diluted EPS forecast, provided on February 4
th, to be in a range of $5.90 to $6.00, at the then prevailing exchange rates, representing a projected increase of approximately 14% to 16% versus reported diluted EPS of $5.16 in 2020;
Provides 2021 to 2023 targets, including net revenue and adjusted diluted EPS compound annual organic growth of more than 5% and 9%, respectively, and 2023 heated tobacco unit shipment volume of 140 to 160 billion units;
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