407229 times
Latest from jürgen
42165 comments
-
Comment Link
iqos iluma heets
Donnerstag, 12 Dezember 2024 11:29
Feb 8 (Reuters) - Philip Morris International forecast 2024 profit
below expectations and missed fourth-quarter estimates on Thursday, as heated tobacco product sales disappointed and higher costs weighed on performance.
The company had earlier said that pressures on its margins should ease in the second
half of 2023, as factors such as increased use of third-party manufacturing in countries like Indonesia and Ukraine faded.
However, fresh blows to margins emerged in the fourth quarter, including higher costs
of marketing, energy and tobacco leafs, as well as administrative expenses,
sending its adjusted operating income margin down 2.8 percentage points to 33.7%.
Shares of PMI were down 2.3% in premarket trade.
Shipments of sticks for its flagship heated tobacco
device IQOS also fell short of analyst expectations, and
PMI said they would be hit again in 2024 due to a ban on heated tobacco flavors in the European Union.
The company's total cigarettes and heated tobacco
units (HTUs) shipment volumes dropped 0.5% in the fourth quarter, compared to a 2.2%
increase in the third.
Philip Morris said it expected total cigarette,
HTU and oral smoke-free product shipment volumes to be flat or grow by up to 1% in 2024, mostly driven by smoke-free products.
It expects adjusted annual profit of between $6.32 and $6.44 per share, while analysts were expecting $6.60 per share, LSEG data showed.
The downbeat forecast contrasts with that of rival Altria Group, which last week projected 2024 profit
in line with expectations. It is betting on higher cigarette prices and a shift to alternative nicotine products
to cushion the blow from declining demand for traditional tobacco products.
PMI reported fourth-quarter adjusted profit of $1.36 per share.
Analysts on average had expected a profit of $1.45. (Reporting by Granth Vanaik in Bengaluru and Emma Rumney in London; Editing
by Milla Nissi) -
Comment Link
https://Cl-System.jp/question/exterminateur-a-gatineau-un-service-ecologique-et-efficace-11/
Donnerstag, 12 Dezember 2024 11:27
I think the admin of this web page is in fact working hard in favor of his website, since here every stuff is quality based stuff. https://Cl-System.jp/question/exterminateur-a-gatineau-un-service-ecologique-et-efficace-11/
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.