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News analysis

PMI reveals ‘solid performance’, with significant growth in its HnB portfolio

Written by || 22nd April 2022 || News analysis | Heated tobacco | IQOS | Major brands | Asia Europe Japan North America Russia Spain Switzerland Ukraine United States World

Philip Morris International (PMI) saw positive numbers for the first quarter of 2022, with Iqos Iluma performing well in Japan, Switzerland and Spain.

The company revealed it is actively working to address the impact of the war in Ukraine. Given the uncertainty and volatility over its operations in Russia and Ukraine, PMI has provided figures and comparisons on a pro forma basis, excluding its operations in these two markets.

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