Philip Morris International Forecasts Strong 2023 Revenue Growth, Highlighting IQOS and ZYN Support

PMI International has once again confirmed its full-year earnings per share forecast for 2023, expecting currency-neutral growth of 10% to 10.5%. Despite a decline in stock prices, PMI International remains optimistic about its future operating conditions.

According to news from Philip Morris International (PMI), CFO Emmanuel Babeau spoke to investors at the Morgan Stanley Global Consumer and Retail Conference in New York on November 5.

Babeau stated that he expects outstanding organic revenue growth for 2023, with double-digit growth in diluted earnings per share adjusted for currency, "supported by the continued strength of our smoke-free product portfolio, particularly our two flagship premium brands, IQOS and ZYN," said Babeau.