Philip Morris International Inc. (PM) stock is down 7.27% in the after-hours trading session at the price of $98.38 despite any recent news. Philip Morris International is the leading tobacco industry. It creates a smoke-free future and replaces cigarettes with smoke-free products to benefit adults, society, the company, and shareholders.
Barclays Global Consumer Staples Conference
On 1st September 2021, PM stock has scheduled a live video webcast at the Barclays Global Consumer Staples Conference. It will be on Wednesday, 8th September 2021, at around 8:00 a.m. ET. Chief Financial Officer, Emmanuel Babeau, will present the company’s remarks and a question-and-answer session. The webcast will be held virtually and provide a live video of the entire session. Presentation slides will also be available on the company’s website.
Business Transformation-Linked Financing Framework
On 27th August 2021, Philip Morris International Inc. (PM) stock published its business transformation-linked financing framework. It integrates the smoke-free transformation into its financing strategy. The Framework presents the guidelines that PM will follow in issuing business transformation-linked financing instruments in the debt capital and loan markets. It includes public notes offerings, private placements, loans, and other related financing instruments. The Key Performance Indicators (KPIs) measure and respond to the PM’s sustainability and corporate strategy. Additionally, they address the health impact of the company’s products.
Chief Financial Officer, Emmanuel Babeau remarked that they want to link their material sustainability priorities to their financing. It will strengthen their commitment and further highlight the seriousness of their smoke-free ambitions. They believe that a business transformation-linked financing framework helps reinforce their commitment to reinventing their company. It will also allow investors and lenders to engage with and support their industry-leading transformation. They are working to accelerate the end of smoking by using their strong capabilities to develop products without nicotine. It will have a positive impact on society and youth life, he added.
PM Stock Launched New IQOS ILUMA in Japan
On 17th August 2021, PM stock launched the IQOS ILUMA. It is the latest and most innovative addition to their growing portfolio of smoke-free products. It will help adults who would otherwise continue to smoke or use nicotine products. This brand of better alternatives to cigarettes includes multiple generations of the IQOS tobacco heating system. Uniquely, the latest IQOS ILUMA becomes the brand’s first tobacco-heating system to introduce induction-heating technology, which works without a blade and requires no cleaning. The IQOS ILUMA series offers two devices in Japan, IQOS ILUMA PRIME and IQOS ILUMA. Both devices imply new induction-heating technology. They offer different designs to allow adult users to select a device that best satisfies their needs and suit their preferences.
