Philip Morris International's Q1 results exceeded analyst expectations on the earnings front but were below par in terms of revenues despite some decent underlying momentum from IQOS, ZYN, and its combustible business. The company's Q1 organic net revenues had solid growth. This highlights the ongoing strength of IQOS as a step-up in pricing but was somewhat mitigated by anticipated HTU inventory movement. Despite the negative timing effects on HTU shipments caused by an increasing number of mar ....
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02 May 2023
Philip Morris International Inc.: IQOS & ILUMA Are Changing The Game – Key Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (04/23)
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Philip Morris International Inc.: IQOS & ILUMA Are Changing The Game – Key Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (04/23)
- Published:
02 May 2023 -
Author:
Ishan Majumdar -
Pages:
28 -
Philip Morris International's Q1 results exceeded analyst expectations on the earnings front but were below par in terms of revenues despite some decent underlying momentum from IQOS, ZYN, and its combustible business. The company's Q1 organic net revenues had solid growth. This highlights the ongoing strength of IQOS as a step-up in pricing but was somewhat mitigated by anticipated HTU inventory movement. Despite the negative timing effects on HTU shipments caused by an increasing number of mar ....