PMI reports strong Q3 results, talks smoke-free, Altria and Swedish Match

Philip Morris International (PMI) reported strong third quarter results in terms of revenue but saw a number of setbacks in shipment volumes as it looks to meet its goal of becoming a majority smoke-free company by 2025.

The company reported that net revenues rose organically by 8.1% to $23.61bn over the first nine months of the year. These were primarily boosted by higher heated tobacco unit (HTU) and device volume. In the third quarter, the New York-based company saw an increase of 6.7% to $8.03bn.

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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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