CLAIM #50156 · PM (PM) · 2024Q2 earnings call · Jul 23, 2024 · due Dec 31, 2024
“And we expect Europe to accelerate as we are transitioning out of this phase of adjustment to the flavor ban.”
Emmanuel Babeau · CFO
In context
“ng by the absence of a flavor product after the implementation of the flavor ban, and that has had some impact on the growth. And at the same time, no doubt that the 2 accumulating have had some impact. We've been increasing price by $0.30 on our consumables. And that has not been followed only very marginally by the competition with some impact on our market share as it happens when we increase price in a meaningful manner, widening the gap with competition and the competition not following. So that is really the picture. And now when we are looking at the second half, so we expect outside Europe situation to continue to do well. I'm not going to name again all these very great country where we are performing extremely well. We have the launch of LEVIA and DELIA in a number of countries. And we expect Europe to accelerate as we are transitioning out of this phase of adjustment to the flavor ban. And Italy will be part of the market where we expect improvement. But I would say, globally, we expect more acceleration on all the markets that have been going through the flavor ban. So I think this is really the complete picture, Bonnie. I hope it is helpful in answering your question. Bonnie Herzog: That was definitely very helpful. I appreciate you going through all of that. And then if I may, I just wanted to ask a question on ILUMA i in Japan. I guess I was hoping to get a little more color on this device, which I believe is only available in Japan right now. And curious to hear how big of a lift it's been or essentially how incremental and really what you're seeing or hearing from consumers in terms of acceptance of the new device, impact on your growth, margins, et cetera? And th”
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SEC filings for PM ↗ · Claim quote is verbatim from the 2024Q2 earnings call.