Financial PerformanceStrong Q2 results marked by impressive top & bottom line organic growth, including +9.6% net revenue, +12.5% operating income, and +10.6% EPS, showcasing the strength of PM’s smoke-free platform.
Growth ForecastManagement raised its FY24 currency-neutral growth forecasts across key metrics, highlighting confidence and visibility.
Market OpportunityThe U.S. is identified as the world’s most profitable nicotine market and a significant opportunity for PM, with iQOS in the US estimated to be 3-4x more profitable at scale than its international cigarette business.