Philip Morris International reports significant cigarette and heated tobacco sales in 2023

Philip Morris International, Inc. is a prominent global manufacturer of cigarettes and tobacco products, with a strong market presence.

In 2023, the company sold 612.9 billion cigarettes, including popular brands like Marlboro, Parliament, and Chesterfield. They also sold 125.3 billion units of heated tobacco products, such as IQOS and HEETS.

With over 50 production facilities worldwide, the company demonstrates its extensive manufacturing capabilities. In terms of revenue distribution, Europe accounts for 42%, followed by South and Southeast Asia, the CIS, the Middle East, and Africa at 32.8%, and East Asia and Australia at 19.2%. North and South America contribute a smaller share of 6%.

The stock has a "Sell" rating from UBS, reflecting cautious sentiment in the market.

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