Philip Morris sees FY23 currency-neutral adjusted EPS growth of 7%-9%

Jacek Olczak, CEO of Philip Morris International, said: "We enter 2023 as a truly global smoke-free champion, with two of the industry’s leading smoke-free brands, IQOS and ZYN, and continued innovation across our broader smoke-free product portfolio. For the year, we forecast organic top-line growth of 7% to 8.5% and currency-neutral adjusted diluted EPS growth of 7% to 9%, despite inflationary pressures and transitory impacts related to ILUMA deployment. For Swedish Match, we expect continued strong growth from the business in 2023, following a very strong finish to the year, led by ZYN in the U.S." This forecast assumes an estimated total international industry volume decline, excluding China and the U.S., of 1% to 2%; A total cigarette and HTU shipment volume change for PMI of approximately flat to +1%; and HTU shipment volume of 125 to 130 billion units, reflecting an acceleration in growth versus 2022 on a total PMI basis.