Philip Morris International Inc. (PMI) said it raised earnings outlook for the full-year 2021.

The company now expects full-year EPS to be in the range of USD 5.74 – 5.79, or 5.98 to 6.03 on an adjusted basis, representing currency-neutral growth of 13 to 14 per cent.
Chief Executive Officer Jacek Olczak said that PMI remains “on-track to deliver an excellent performance in 2021. We are seeing strong IQOS momentum despite the ongoing impact of the semiconductor supply shortage and expect improved sequential IQOS user growth in the fourth quarter. Importantly, we remain confident in our 2021 to 2023 organic compound annual growth targets.”
The assumptions underlying this forecast remain unchanged versus those communicated by PMI in its earnings release of October 19, 2021, with the exception of a favourable currency impact of USD 0.14 per share, at prevailing exchange rates, compared to USD 0.17 per share, previously, PMI said.