Philip Morris International’s Cigarette Volumes Decrease in 3Q

December 9th, 2015 00:00

Philip Morris International’s (PMI) cigarette shipment volume in the course of the 3Q (July-September), at about 218,911 million dropped by 1.5 % on that of the third quarter of 2014, 222,300 million.

Philip Morris International

Shipments were boosted by around 2.6 % to 79,265 million in the company’s Eastern Europe, Middle East and Africa (EEMA) region, yet they declined by 0.8 % to 48,824 million in the EU, by 1.9 % to 23,036 million in Latin America and Canada, and by 6.3 % to 67,786 million in Asia.
In revealing its 3Q outcomes, PMI stated the 1.5 % drop in cigarette shipment volume, which not included the outcomes of purchases, had been owing to trends in Asia, generally in Indonesia, Japan and Pakistan.

All round shipments of Marlboro raised by 2.1 % to 74,185 million highlighting increase in: the EU, especially Spain, to some extent compensated by Italy and the UK; the EEMA, especially Saudi Arabia and Turkey, mostly compensated by Algeria, Egypt and Ukraine; and Asia, particularly Japan, the Philippines and Vietnam, mostly compensated by Indonesia. Marlboro cigarette shipments dropped in Latin America & Canada, mostly due to Argentina and Brazil, partly compensated by Mexico. On the other hand, deliveries of Philip Morris increased by 17.9 % to 9,390 million; shipments of L&M boosted by 9.3 % to 26,179 million; shipments of Bond Street cigarettes boosted by 0.8 % to 12,045 million; those of Parliament declined by 4.4 % to 12,289 million; and of Chesterfield dropped by 6.1 % to 10,864 million.

PMI’s cigarette market share was mentioned to have elevated in several major markets, such as Argentina, Austria, Belgium, Brazil, Canada, Colombia, Egypt, France, Hungary, Korea, the Netherlands, Russia, Saudi Arabia, Spain, Switzerland, Turkey and the UK.

Reported net profits, not including excise taxes, at $6.9 billion, dropped by 11.8 %. Reported operating companies’ revenue, at $3.0 billion, decreased by 12.3 %, while altered operating companies’ revenue, at $3.0 billion, decreased by 12.1 %. Reported operating revenue, at $3.0 billion, dropped by 11.5 %. “Our solid effectiveness in the first half of the year ongoing in the 3Q,” explained CEO Andre Calantzopoulos.“Organic volume, market share and pricing tendencies continue to be very strong in opposition to the backdrop of enhanced macroeconomic conditions, mainly in our EU and EEMA Regions.”

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