Philip Morris delivered a solid performance in the second quarter of 2021 which was driven by the continued strong growth of IQOS. This alone made up 13% of their volumes and approximately 30% of their adjusted net revenues compared to 24% in the same quarter of 2020. Besides, its Heated Tobacco Unit (HTU) shipment volumes increased over 30% and 12% compared to the same quarter of the previous year which was another positive sign. The combustible net revenues increased by 4% in the second quarte ....

22 Sep 2021
Philip Morris International Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 9/21

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Philip Morris International Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 9/21
- Published:
22 Sep 2021 -
Author:
Ishan Majumdar -
Pages:
14 -
Philip Morris delivered a solid performance in the second quarter of 2021 which was driven by the continued strong growth of IQOS. This alone made up 13% of their volumes and approximately 30% of their adjusted net revenues compared to 24% in the same quarter of 2020. Besides, its Heated Tobacco Unit (HTU) shipment volumes increased over 30% and 12% compared to the same quarter of the previous year which was another positive sign. The combustible net revenues increased by 4% in the second quarte ....