Philip Morris International Inc

MIL:1PM (USA)  
€ 113.48 (0%) Sep 12
Market Cap:
€ 176.02B ($ 195.15B)
Enterprise V:
€ 216.28B ($ 239.79B)
Volume:
-
Avg Vol (2M):
119.00
Trade In:

Business Description

Description
Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heatsticks, vapes, and oral nicotine offerings primarily outside of the US. With the 2022 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI has not only diversified away from smokeable products but also gained a toehold into the US to sell its iQOS heatsticks.