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Philip Morris International Inc. (PMI) Reports 2012 Second-Quarter Results; Reaffirms 2012 Full-Year Reported Diluted EPS

Adjusted operating companies income margin, excluding the impact of currency and acquisitions, was up by 0.3 percentage points to 46.0% during the quarter, as detailed on Schedule 11.

 

SHIPMENT VOLUME & MARKET SHARE

 

PMI Cigarette Shipment Volume by Segment (Million Units)

                             

Second-Quarter

Six Months Year-To-Date

2012

2011

Change

2012

2011

Change

European Union 51,804 57,193 (9.4 )% 99,593 105,715 (5.8 )%
Eastern Europe, Middle East & Africa 79,156 75,336 5.1 % 145,084 138,979 4.4 %
Asia 83,472 84,042 (0.7 )% 164,502 156,134 5.4 %
Latin America & Canada

23,864

24,606

(3.0 )%

48,207

48,269

(0.1 )%
Total PMI 238,296 241,177 (1.2 )% 457,386 449,097 1.8 %
 

PMI’s cigarette shipment volume was down by 1.2%, excluding acquisitions. Excluding acquisitions, and the Japan hurdle of 6.3 billion units which is related to additional volume shipped in the second quarter of 2011 following the disruption of PMI’s principal competitor’s supply chain, PMI’s cigarette shipment volume grew by 1.4%. PMI’s June year-to-date cigarette shipment volume was up by 1.8%, excluding acquisitions. Excluding acquisitions and the Japan hurdle, PMI’s June year-to-date cigarette shipment volume was up by a strong 3.3%.

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