“Nevertheless, don't take the 8% to 9% as the guidance for the future. We always said that we were more mid-single digits on the medium term.”

How to check this claim

Look at: Net revenue growth rate (organic/like-for-like as reported), medium-term annual average through fiscal 2026

It came true if: Annual net revenue growth in the mid-single digits, roughly 4%-6%, rather than 8%-9%

Where: Company quarterly and annual income statements / earnings releases (net revenue growth disclosure)

Verify independently

SEC filings for PM ↗ · Claim quote is verbatim from the 2024Q3 earnings call.