How Did Philip Morris’ Cigarette Shipment Volume Change In Q1 2016, As Compared To Q1 2015?

Philip Morris managed to increase its shipment volumes in three of its four markets. In Asia, the decline was primarily due to a 5.9% shipment decline in Indonesia, as a result of a weak economy and a price increase of 11% in the quarter. Declines were also seen in the Philippines and Pakistan. EU shipment volume increase reflects improving economies, a decline in illicit trade, and a lower prevalence of e-vapor products. The company witnessed growth in France, Italy, Poland, and Spain, offset by a decline in the United Kingdom. Growth in Latin America and the Canada region was principally driven by Mexico, while slow growth in the EEMA region reflected economic and geopolitical uncertainty in Ukraine, and excise tax-driven retail price increases in Algeria and Russia.

An increase in the shipment volume of Marlboro reflected growth in the European Union, particularly Germany, Italy, and Spain; Asia, driven by Korea and the Philippines, offset by Indonesia and Vietnam; and Latin America and Canada, notably Mexico. This growth was partly offset by declines seen in EEMA, mainly due to North Africa. Shipment volume of L&M was driven by the EU and EEMA, while that of Parliament was driven by Korea and Turkey. Cigarette market share growth in a number of key markets also helped to drive the volumes of its major brands.

Have more questions on Philip Morris? See the links below:

• How Did The Market Share For Philip Morris Change in Q1 2016 In EU And Its Key Markets There, As Compared To Q1 2015?
• How Did The Revenue And Operating Companies Income In Each Region Change In Q1 2016, As Compared To Q1 2015?
• Philip Morris Misses Q1 Revenue And EPS Estimates
• Will Philip Morris Beat Expectations This Earnings Season?
• How Did Philip Morris Perform In The European Union, And Its Key Markets There, In 2015?
• How Did Philip Morris Perform In Russia, Given The Currency Headwinds And Excise Tax Rise?
• How Has Philip Morris Fared In Comparison To Its Peers?
• How Has Philip Morris’ Shipment Volume, By Brand, Changed Over The Past 3 Years?
• How Has Philip Morris’ Revenue And EBITDA Composition Changed In The Last 5 Years?
• How Will Philip Morris’ Revenue And EBITDA Change In The Next 3 Years?
• Philip Morris: Year 2015 In Review
• By What Percentage Did Philip Morris’ Revenue & EBITDA Change In The Last 5 Years?
• What is Philip Morris’ Fundamental Value Based On Expected 2016 Results?
• What is Philip Morris’ Revenue And EBITDA Breakdown?

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