In the event that risks or uncertainties materialize, or underlying assumptions prove inaccurate, actual results could vary materially from those contained in such forward-looking statements. Achievement of future results is subject to risks, uncertainties and inaccurate assumptions. The presentation, related discussion and this press release contain projections of future results and goals and other forward-looking statements, including statements regarding expected financial or operational performance capital allocation plans investment strategies regulatory outcomes market expectations and business plans and strategies. Sequential improvement in adjusted operating income margin of up to 100 basis points versus the first quarter of 2023, reflecting (i) lower gross margin headwinds and (ii) organic SG&A expense growth broadly in line with net revenue growth on the same basis andĪdjusted diluted EPS toward the top end of the company’s prior forecast of $1.42 to $1.47, including an unfavorable currency impact, at then-prevailing exchange rates, of $0.13 per share.įactors described in the Forward-Looking and Cautionary Statements section of this release represent continuing risks to these projections. ![]() HTU shipment volume of around 31 to 32 billion units (+25% to +29% versus the second quarter of 2022), reflecting the upper half of the company’s previous range The assumptions underlying this forecast remain unchanged versus those communicated by PMI in its earnings release of April 20 th, with the exception of the following assumptions specific to the second quarter: (a) At then-prevailing exchange rates used for the company’s April 20 th forecast Tax benefit associated with Swedish Match AB financingįair value adj. Swedish Match AB acquisition accounting related item Termination of distribution arrangement in Middle EastĬosts associated with Swedish Match AB offer Excluding a total 2023 adjustment of $0.22 per share and an unfavorable currency impact, at then-prevailing exchange rates, of $0.30 per share, this forecast represents a projected currency-neutral increase of 7% to 9% versus adjusted diluted EPS of $5.98 in 2022, as outlined in the below table.Īmortization and impairment of intangibles PMI reaffirms its 2023 full-year reported diluted EPS forecast, announced on April 20, 2023, of $5.88 to $6.00, at then-prevailing exchange rates. “Today, we are reaffirming our 2023 full-year EPS forecast, which is underpinned by the excellent outlook for IQOS and ZYN.” ![]() ET on Friday, July 7, 2023, also at "We expect strong second-quarter performance, including total shipment volume growth driven by our smoke-free portfolio," said Emmanuel Babeau, Chief Financial Officer. An archived copy of the webcast will be available until 5:00 p.m. ET), at and on the PMI Investor Relations Mobile Application (available for download at Presentation slides will also be available on the same site and the App. ![]() The session will be webcast live in listen-only mode, beginning at approximately 9:15 a.m. Philip Morris International Inc.’s (NYSE: PM) Chief Financial Officer, Emmanuel Babeau, will address investors today at the Deutsche Bank Global Consumer Conference in Paris. (PMI) Presents at 2023 Deutsche Bank Global Consumer Conference Reaffirms 2023 Full-Year EPS Forecast
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