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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