Philip Morris: targets raised again for 2024

(CercleFinance.com) - Philip Morris International has again raised its targets for 2024, now anticipating adjusted EPS at constant exchange rates of between $6.
67 and $6.79, up 11% to 13% on 2023 (instead of $6.55 to $6.67).

The Stamford, Connecticut-based cigarette maker reports adjusted EPS of $1.59 for its second quarter 2024, up 10.6% at constant exchange rates, on revenues of $9.5 billion, up 9.6% organically.

"The excellent momentum of our smokeless activities continued", emphasizes CEO Jacek Olczak, with the share of these activities in total sales improving by 2.7 points to 38.1%, with an estimated 36.5 million adult users.

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