PMI Q3: Smokeless products account for 38% of net sales, says The Times

Oct.28.2024
PMI Q3: Smokeless products account for 38% of net sales, says The Times
PMI's third-quarter financial report revealed $9.91 billion in revenue, up 8.4% year-on-year, with smoke-free products driving growth.

On October 27th, 2Firsts noticed that the British newspaper "The Times" published an advertisement for the third quarter financial report of Philip Morris International (PMI).

 

PMI Q3: Smokeless products account for 38% of net sales, says The Times
The PMI financial report published in The Times | Image source: 2Firsts

 

Previously, PMI released its financial report for the third quarter of 2024 on October 22. The report showed that the third quarter revenue was $9.91 billion, an increase of 8.4% year-over-year. In this quarter, the smoke-free business accounted for 38% of PMI's total net income and 40% of gross profit, increasing by 1.9% and 2.2% compared to the third quarter of last year, respectively. The quarterly shipments of smoke-free products reached nearly 40 billion units in 92 markets globally, with a total of 36.5 million users.

 

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

UK plans law to license vape retailers; unlicensed sales could face heavy fines
UK plans law to license vape retailers; unlicensed sales could face heavy fines
The UK plans a national licensing regime for vape and tobacco sales, making unlicensed retail illegal, and will consult experts on flavours, nicotine strength, packaging and design.
Oct.09 by 2FIRSTS.ai
Pakistan Plans to Implement Mandatory Standards for Nicotine Pouches; Industry Calls for Protection of Local Manufacturers
Pakistan Plans to Implement Mandatory Standards for Nicotine Pouches; Industry Calls for Protection of Local Manufacturers
Senior officials of the Pakistani government have instructed the Ministry of Science and Technology and the Standards and Quality Control Authority to accelerate actions to include tobacco-free nicotine oral products in the list of mandatory standards. The standards for nicotine pouches were initially drafted during the COVID-19 pandemic, specifying ingredient disclosure, upper limits on nicotine content per pouch, labeling, and child safety warnings. However, the process was stalled due to bure
Aug.26
UK Southeast Sees Surge in Seizures of Illegal Vapes – Single Largest Haul Nears 1,250 Units
UK Southeast Sees Surge in Seizures of Illegal Vapes – Single Largest Haul Nears 1,250 Units
Local authorities in Southeast England have reported a sharp rise in the number of illegal e-cigarettes seized. In 2024, Sussex confiscated around 21,200 units, while Surrey saw its tally rise from about 500 in 2020 to nearly 14,140—a 28-fold increase. The government pledged to support councils in tackling the issue, while industry groups urged harsher economic penalties for rogue traders and more funding for enforcement, warning that the disposable vape ban could fuel the black market.
Aug.18
London Seizes 3,000 Illegal Disposable Vapes Worth Approximately £35,000
London Seizes 3,000 Illegal Disposable Vapes Worth Approximately £35,000
In a joint operation in Soho, Trading Standards officers from Westminster City Council and the police seized roughly £35,000 worth of vape-related products, including a disposable device—the “Taki 99 Tiger Cup”—designed to look like a child’s toy cup, with both nicotine strength and liquid volume above legal limits. Since the UK ban on single-use vapes took effect on 1 June, this seizure has been described as one of the largest in London. The council said it will continue to step up enforcement
Sep.03 by 2FIRSTS.ai
New Zealand medical research: E-cigarettes have become a normalized tool among Māori youth, and scholars are calling for restrictions on device design
New Zealand medical research: E-cigarettes have become a normalized tool among Māori youth, and scholars are calling for restrictions on device design
Dr. Robin Quigg from the University of Otago in New Zealand conducted a study on e-cigarette use among young Māori people and found that more than half of the participants aged 18 to 26 had used e-cigarettes despite having no history of smoking. Due to the small size and discreet smell of e-cigarettes, combined with the addictive nature of nicotine, their use has become normalized in public places and the usage rate among young Māori people is on the rise. Dr. Quigg called for stricter regulatio
Aug.28 by 2FIRSTS.ai
Observation | As China’s Nicotine Pouch Supply Chain Cools, Market Focus Accelerates Abroad
Observation | As China’s Nicotine Pouch Supply Chain Cools, Market Focus Accelerates Abroad
China’s nicotine pouch sector saw a sharp decline in exhibitors and traffic. Insiders cite tighter regulation and rising overseas competition, with many firms turning to Europe, the U.S., and the Middle East, and some building factories in Indonesia for growth.
Aug.28 by 2FIRSTS.ai