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PMI Q3: Smokeless products account for 38% of net sales, says The Times

Oct.28.2024
PMI Q3: Smokeless products account for 38% of net sales, says The Times
PMI's third-quarter financial report revealed $9.91 billion in revenue, up 8.4% year-on-year, with smoke-free products driving growth.

On October 27th, 2Firsts noticed that the British newspaper "The Times" published an advertisement for the third quarter financial report of Philip Morris International (PMI).

 

PMI Q3: Smokeless products account for 38% of net sales, says The Times
The PMI financial report published in The Times | Image source: 2Firsts

 

Previously, PMI released its financial report for the third quarter of 2024 on October 22. The report showed that the third quarter revenue was $9.91 billion, an increase of 8.4% year-over-year. In this quarter, the smoke-free business accounted for 38% of PMI's total net income and 40% of gross profit, increasing by 1.9% and 2.2% compared to the third quarter of last year, respectively. The quarterly shipments of smoke-free products reached nearly 40 billion units in 92 markets globally, with a total of 36.5 million users.

 

Also Read:
[1] PMI reports strong Q3 performance: Smoke-free product users reach 36.5 million, ZYN sales up 41.4% in the US
[2] PMI launches IQOS pilot programme in Austin, Texas
[3] Philip Morris Bulgaria commits to carbon neutrality by 2040
[4] Philip Morris International and others agree to pay $23.6 billion
[5] PMI Real-Time Audio Webcast of Q3 2024 Financial Results
[6] Philip Morris International's Efforts in Substituting Traditional Cigarettes with Alternatives
[7] 30 Years of Innovation: Philip Morris International's Transformation Journey
[8] PMI Italy Launches IQOS iluma i Prime Heating Tobacco Device
[9] PMI's IQOS Revenue Surpasses Marlboro, Aiming for 100B sales
#PMI

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INTER-TABAC
INTER-TABAC
Philip Morris International Raises Dividend by 8.9% to an Annualized $5.88 per Share
Philip Morris International Raises Dividend by 8.9% to an Annualized $5.88 per Share
Philip Morris International (PMI) has increased its quarterly dividend from $1.35 to $1.47 per share, bringing the annualized dividend to $5.88. Since listing in 2008, PMI has raised its dividend for 17 consecutive years. The company continues to accelerate its “smoke-free future” strategy: in the first half of 2025, smoke-free products contributed 41% of net revenues, with over 41 million adult consumers using PMI’s smoke-free products globally.
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The Medicines and Healthcare products Regulatory Agency (MHRA) database was updated with 46 e-cigarette SKUs from September 1-7, with Shenzhen INNOKIN Technology Co., Ltd. (INNOKIN) being the most active, having multiple new devices and pods approved. Meanwhile, although the number of updates has decreased, pre-filled pods remain the most approved category this week.
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Company｜BAT Invests in Expansion of Italian Factory, Adding 16 Production Lines for Heated Tobacco and Nicotine Pouches
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BAT Italy will expand its Trieste plant, adding 16 new production lines for heated tobacco cartridges, nicotine pouches, and nicotine replacement therapy products. The expansion adds 6,300 m² of space, bringing the total to 30,000 m². This is part of BAT’s €500 million five-year investment plan launched in 2023.
Sep.15 by 2FIRSTS.ai
British American Tobacco France: A complete ban on tobacco-free nicotine pouches could drive the expansion of the black market
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British American Tobacco (BAT) France expressed opposition to the government's plan to ban tobacco-free nicotine pouches in the National Assembly, arguing that a ban would foster a vibrant black market and harm public health and the protection of minors. The company also cited the examples of Sweden and New Zealand, which have reduced smoking rates through "clear regulations and strict controls," and proposed three policy recommendations: ban sales to minors, strictly regulate smokeless nicotine
Sep.26 by 2FIRSTS.ai
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