Philip Morris

New European chief Marco Hannappel stresses Philip Morris’s goal to generate two-thirds of revenue from smoke-free products by 2030 and cites Italy and Sweden as role models. Currently, 42 percent of global revenue comes from smoke-free offerings such as heated tobacco products, vapes and nicotine pouches. Planned EU proposals on harmonized minimum taxes and a revision of the Tobacco Products Directive could significantly undermine this strategy through higher taxation and stricter sales rules. Philip Morris also highlights the economic importance of its EU production and supplier relationships. » More on faz.net

Philip Morris raised its Q3 earnings forecast to EPS of $2.29–2.34, above the consensus estimate of $2.25, which pushed the stock up about 2.1% intraday. The company also lifted its full-year adjusted EPS guidance to $8.35–8.50 and expects a positive currency effect of around $0.24 per share. Analysts then raised price targets to a range of $205–225, citing the defensive business model and the expansion of smoke-free products as supporting factors. » More on de.investing.com

Philip Morris International has entered into a contract manufacturing agreement for conventional cigarettes with Philip Morris USA, an Altria company. Initial deliveries are expected to begin in early 2027, subject to operational readiness and regulatory requirements. The company does not expect a material impact on 2026 financial results and emphasizes that it does not sell—and does not plan to sell—conventional cigarettes in the U.S. Both companies will remain operationally independent and aim to better utilize their manufacturing capacity and expertise. » More on de.investing.com