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Philip Morris International Inc (PM.N)

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Latest Key Developments (Source: Significant Developments)

Czech Philip Morris says Q1 revenue rises 9.3 percent
Tuesday, 17 May 2016 01:45am EDT 

Czech tobacco company Philip Morris CR : Says Q1 consolidated revenue, net of excise tax and VAT, CZK 2.53 billion ($105.96 million), up 9.3 percent y/y . Says rise mainly driven by favorable volume in the Czech Republic and Slovakia, as well as higher manufacturing services . Says shipments up 7.4 percent y/y . Says according to Nielsen research Philip Morris CR share in Czech market declined to 45.5 percent from 46.8 percent . Says total market in Czech Republic increased by an estimated 7.2 percent in first quarter . Company is an affiliate of Philip Morris International Further company coverage: [TABK.PR] ($1 = 23.8780 Czech crowns) ((jason.hovet@thomsonreuters.com;)).  Full Article

Philip Morris International issues EUR500 mln of 2.000% notes due 2036 - SEC filing
Monday, 9 May 2016 12:50pm EDT 

Philip Morris International Inc: Issued EUR 500 million aggregate principal amount of its 2.000% notes due 2036 - SEC filing .Notes will mature on May 9, 2036.  Full Article

Philip Morris International Inc - Adviser to top EU court says EU cigarette law is valid - Reuters
Tuesday, 22 Dec 2015 10:03pm EST 

Philip Morris International Inc:An adviser to Europe's highest court in Luxembourg on Wednesday said an EU law on cigarettes was valid, rebuffing a challenge from Philip Morris International PM.N, although the court still has to deliver a final ruling. - RTRS.In a majority of cases, opinions of the court advisers are reflected in the final ruling, which should follow in the coming months. - RTRS."(The advocate general) considers the EU tobacco directive of 2014 to be valid, in particular the extensive standardisation of packaging, the future EU-wide prohibition on menthol cigarettes and special rules for e-cigarettes are lawful," the opinion said. - RTRS.Marlboro cigarette maker Philip Morris International is seeking to challenge Europe's new laws on tobacco products, the latest clash between Big Tobacco and governments seeking tighter regulation.- RTRS.  Full Article

Philip Morris International Inc declares regular quarterly dividend
Wednesday, 9 Dec 2015 09:11am EST 

Philip Morris International Inc:Declares regular quarterly dividend of $1.02 per share.  Full Article

Philip Morris International Inc - AB InBev, HSBC, Google, 8 others to testify at EU tax hearing - Reuters
Tuesday, 10 Nov 2015 05:03am EST 

Philip Morris International Inc:Anheuser-Busch InBev, HSBC, Google and eight other companies will be quizzed by EU lawmakers next week on their European tax deals as part of a campaign to ensure multinationals pay their fair share of taxes - RTRS.While the European Parliament's tax committee can only issue a non-binding recommendation at the end of November, the publicity generated by its actions will likely ramp up the pressure on companies seeking to minimise tax, and governments - RTRS.Amazon, already in the Commission's crosshairs over its Luxembourg tax deal, Barclays, Coca-Cola Co, Facebook, Ikea, McDonald's, Philip Morris International and the Walt Disney Co will also attend the hearing, according to the committee's website - RTRS.The committee was set up in February after a group of investigative journalists unveiled details of tax deals that helped hundreds of multinationals slash their tax bills to minimal amounts - RTRS.  Full Article

Philip Morris International Inc - Canada court orders tobacco companies to set aside almost C$1 bln - Reuters
Tuesday, 27 Oct 2015 08:44pm EDT 

Philip Morris International Inc:A Canadian appeal court on Tuesday ordered two major tobacco companies to set aside a combined C$984 million ($742 million) while they challenge billions of dollars in damages awarded to smokers in the province of Quebec - RTRS.The more than C$15 billion in damages awarded in June - RTRS.if upheld in an appeal of two class-action lawsuits, would compensate some 100,000 Quebec smokers and ex-smokers who allege the companies knew since the 1950s that their product was causing cancer and other illnesses and failed to warn consumers adequately - RTRS.Imperial Tobacco Canada Ltd - a subsidiary of British American Tobacco Plc BATS.L - must put aside C$758 million, and Rothmans, Benson & Hedges Inc - a subsidiary of Philip Morris International PM.N - must deposit C$226 million, the Quebec Court of Appeal said - RTRS.The court in July said that the two companies plus a third, Japan Tobacco Inc's JTI-Macdonald Corp, would not have to make preliminary deposits - RTRS.Launched in 1998, the class action was considered to be the largest civil case in Canadian history, marking the first time tobacco companies have gone to trial in a civil suit in the country - RTRS.The companies were ordered to set aside the deposits in six and seven quarterly payments stretching to mid-2017, while a hearing on the appeal is scheduled for the autumn of 2016 - RTRS.  Full Article

Philip Morris International Inc narrows FY 2015 EPS guidance
Thursday, 15 Oct 2015 06:59am EDT 

Philip Morris International Inc:Revises and narrows, for currency and an improved business outlook, its FY 2015 reported diluted earnings per share (EPS) forecast to be in a range of $4.35 to $4.40, at prevailing exchange rates.Say on adjusted basis, diluted EPS are projected to increase in the range of 11 pct. to 12 pct. versus adjusted diluted EPS of $5.02 in FY 2014, excluding an unfavorable currency impact, at prevailing exchange rates, of about $1.22 per share for FY 2015.  Full Article

Philip Morris International Inc increases dividend by 2 pct. to annualized rate of $4.08 per share
Wednesday, 16 Sep 2015 02:00am EDT 

Philip Morris International Inc:Increased its regular quarterly dividend by 2 pct. to annualized rate of $4.08 per share.Says new quarterly dividend of $1.02 per share, up from $1.00 per share, is payable on Oct. 14, to stockholders of record as of Sept. 30.Says ex-dividend date is Sept. 28.  Full Article


India threatens Philip Morris with 'punitive action' over alleged violations

NEW DELHI The Indian government has threatened Philip Morris International Inc with "punitive action" over the tobacco giant's alleged violation of the country's anti-smoking laws, according to a letter sent to the company by the federal health ministry.