CLAIM #50176 · PM (PM) · 2024Q3 earnings call · Oct 22, 2024 · due Dec 31, 2024
“First to volumes, where we target record organic growth and increase our outlook to +2% to +3% total shipment progression.”
Emmanuel Babeau · CFO
In context
“of 52%. We have concrete plans for the remainder of our footprint in order to achieve the 100% aspiration by 2025. Additionally, we are progressing with the Alliance for Water Stewardship standard, certifying one additional factory year-to-date to place us at 86% against our goal of 100% by 2025. Combining our ongoing initiatives to address our environmental impacts with robust and rigorous reporting processes, we believe we are well-prepared for upcoming reporting requirements, including the EU Corporate Sustainability Reporting Directive. Okay. Turning now to our outlook for the full year. Following this stronger than expected year-to-date performance, we are raising our full-year volume, organic sales growth, organic OI growth and bottom-line currency-neutral and U.S. dollar forecasts. First to volumes, where we target record organic growth and increase our outlook to +2% to +3% total shipment progression. Within this, we continue to expect adjusted IMS HTU volume growth of around +13% and shipment volumes of around 140 billion. This forecast continues to assume an impact from the EU characterizing flavor ban of just over 2 billion units and no volumes in Taiwan, where we continue to await regulatory approval. For U.S. ZYN we forecast shipment volumes at the upper end of our prior guidance, in the range of 570 million cans to 580 million cans, reflecting the progress made on capacity expansion as well as continued strong demand. Our outlook also factors in a robust combustibles performance, driven by a resilient total category as previously outlined. Given the combination of stronger volumes with accelerated pricing and continued smoke-free mix, we are increasing our forecast organic net re”
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SEC filings for PM ↗ · Claim quote is verbatim from the 2024Q3 earnings call.