Philip Morris: Q4 EPS above expectations

(CercleFinance.com) - On Thursday the tobacco company Philip Morris International reported a 3.
3% increase in its adjusted EPS for Q4 2020, which reached 1.26 dollar (+ 7.4% at constant exchange rates), a figure that exceeded the consensus.

Q4 sales came in at 7.4 billion dollars, down 3.5%, while volumes fell by 8.2%.

The tobacco company's FY 2020 sales amounted to 28.7 billion dollars, down 3.7% (-2.2% at constant exchange rates). Annual adjusted EPS reached 5.17 dollars, down 0.4% or up 7% at constant exchange rates.

Philip Morris International expects FY 2021 adjusted EPS of 5.9 to 6 dollars, along with single-digit organic revenue growth.


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