Philip Morris International, Inc. (PM) dbAccess Global Consumer Conference Call Transcript

Company Overview - Philip Morris International is on track for another year of strong growth in revenue, operating income, and adjusted EPS before foreign exchange impacts, primarily driven by the robust growth of its smoke-free portfolio [5]. Performance Highlights - The company reported nearly a 10% adjusted in-market sales progression in Q1, with Japan showing close to 10% growth and Europe experiencing a bit above 7% growth despite challenges [6]. - The flavor ban in Europe is expected to impact sales by around 1 billion sticks in 2025, but the company anticipates a gradual recovery in the European market as it progresses through 2025 [6].