Over to you, Jacek.įull-year smoke-free net revenues reached almost one third of total PMI and over 50% in 17 markets. I'm joined today by Jacek Olczak, Chief Executive Officer and Emmanuel Babeau, Chief Financial Officer. I direct your attention to the Forward-Looking and Cautionary Statements disclosure in today's presentation and press release for a review of the various factors that could cause actual results to differ materially from projections or forward-looking statements. Today's remarks contain forward-looking statements and projections of future results. As such figures and comparisons presented on an organic basis exclude Swedish Match up until November 11, 2023.Īs mentioned previously, starting in the second quarter of 2022 and on a comparative basis, PMI excludes amortization and impairment of acquired intangibles from its adjusted results. Growth rates presented on an organic basis reflect currency-neutral adjusted results excluding acquisitions and disposals. GAAP measures and additional smoke-free volume and net revenue data are at the end of today's webcast slides, which are posted on our website. A glossary of terms including the definition for the smoke-free products as well as adjustments, other calculations and reconciliations to the most directly-comparable U.S. ![]() Earlier today, we issued a press release containing detailed information on our 2022 fourth quarter and full year results. James Bushnell, Vice President of Investor Relations and Financial Communications. ![]() ![]() Today's call is scheduled to last about one hour, including remarks by Philip Morris International Management and the question-and-answer session. Operator: Good day, and welcome to the Philip Morris International Fourth Quarter 2022 and Full Year Earnings Conference Call. (NYSE: PM) Q4 2022 Earnings Call Transcript February 9, 2023
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