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News analysis

PMI reports positive 2022 performance, talks Iqos, Swedish Match and KT&G

Written by || 10th February 2023 || News analysis | Heated tobacco | Major brands | GeographiesEurope North America Russia Sweden Switzerland Ukraine United States

Philip Morris International (PMI) reports an overall positive performance in 2022, boosted by growth in its Iqos business, with revenues and shipment volumes slightly up for the year.

The company also gives credit for the good result to the acquisition of Swedish Match and a $2.7bn agreement with US cigarette maker Altria on the exclusive rights to sell Iqos heated tobacco products in the US from April 2024, as PMI looks to meet its goal of becoming a mostly smoke-free company by 2025.

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Antonia Di Lorenzo

Assistant news editor/senior reporter
Antonia is a member of the editorial team and holds a masters degree in Law from the University of Naples Federico II, Italy. She moved in 2013 to London, where she completed a postgraduate course at the London School of Journalism. In the UK, she worked as a news reporter for a financial newswire and a magazine before moving to Barcelona in 2019.

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