Philip Morris International’s (PMI) cigarette shipment volume within the 2Q dropped by 1.3 % in comparison to the same period of 2014. Removing from the total the impact of purchases, shipment volume declined by 1.4 %.
Volume also declined in each of its four key regions: in the EEMA by 0.5 %; in Asia by 0.5 %; in Latin America & Canada by 2.1 %; and in the EU by 3.5 %. Entire cigarette shipments of Marlboro decreased by 1.1 % to 72,322 million, whilst the ones from L&M raised by 1.4 % to 24,546 million. Cigarette shipments of Parliament decreased by 7.1 % to 11,514 million; those of Bond Street went up by 5.8 % to 11,777 million; those of Chesterfield dropped by 10.1 % to 10,611 million; those of Philip Morris raised by 13.5 % to 8,831 million; and those of Lark amplified by 20.2 % to 8,270 million.
PMI revealed that its shipment volume of other tobacco products, in cigarette equivalent units, improved by 3.3 %, while shipment volume for cigarettes and other tobacco products in cigarette equivalents dropped by 1.2 %, eliminating the effect of acquisitions. “Our 2Q results were very strong, further reinforcing our wonderful start to the year,” explained CEO Andre Calantzopoulos in proclaiming the results. “Our organic volume tendencies, offer share development and strong pricing, exemplified by our key brand Marlboro, are generating great operational overall performance within an increasing macroeconomic conditions for our business.
At the same time, PMI’s cigarette volume shipments within the first half of the year were practically untouched in comparison to those of the first six months of 2014. Shipments boosted by 1.7 % to 138,550 million in the company’s EEMA region, however they were down in some regions: by approximately 0.7 % to 145,381 million in Asia; by 0.8 % to 90,880 million in the EU; and by 1.7 % to 43,779 million in Latin America & Canada