Philip Morris International Incorporation operates in the Cigarettes sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Philip Morris International Incorporation with three other
tobacco companies in North America:
Turning Point Brands Inc
(2020
sales of $405.11 million
of which 39%
was NewGen Products),
Vector Group Limited
($1.54 billion
of which 78%
was Tobacco), and
Altria Group, Inc.
($20.84 billion
of which 111%
was Smokeable products).
Sales Analysis.
Philip Morris International Incorporation reported sales of $28.69 billion
for the
year ending
December of 2020.
This
represents
a
decrease of 3.7%
versus 2019, when the company's sales were $29.81 billion.
The sales level in 2020 was fairly close to the level five years ago: in 2015, Philip Morris International Incorporation had sales
of $26.79 billion.
Contributing to the drop in overall sales was the 23.6% decline
in Middle East and Africa, from $4.04 billion to $3.09 billion.
There were also decreases in sales in
South and Southeast Asia (down 13.7% to $4.40 billion)
and
Latin America and Canada (down 22.9% to $1.70 billion)
.
However, these declines were partially offset by the increase in sales of
European Union (up 9.0% to $10.70 billion)
and
East Asia and Australia (up 1.2% to $5.43 billion)
and
Eastern Europe (up 2.9% to $3.38 billion)
.