Answer: Philip Morris International (PMI)
Philip Morris International (PMI) (NYSE: PM) is an international tobacco company, with products sold in over 160 countries. In 2007, it held a 15.6% share of the international cigarette market outside of the USA and reported revenues net of excise taxes of $22.8 billion and operating income of $8.9 billion.
Until a spin-off in March 2008, Philip Morris International was an operating company of Altria Group. It had its first day of trading on NYSE Euronext’s New York and Paris markets following its spin-off from Altria Group, Inc. as per March 31, 2008. In its first quarter of operations as a separately owned and traded entity from Altria, PMI had sales revenue of $15.6 billion and net earnings of $1.86 billion as compared with $13.2 and $1.45 billion respectively for the first quarter in 2007.
With its Operations Center based in Lausanne, Switzerland, it owns 7 of the top 15 brands in the world and has a mix of international and local products, which are produced in more than 50 factories around the world. PMI employs 75,600 people worldwide.
Its main brands are Marlboro, Longbeach, L&M, Philip Morris, Bond Street, Chesterfield, Parliament, Lark, A-Mild, Morven Gold, Muratti, DJI Sam Soe, Multifilter and Virginia Slims.
