NEW YORK, July 18, 2019 – Philip Morris International Inc. (NYSE: PM) today announced its 2019 second-quarter results and increases its 2019 full-year reported diluted earnings per share forecast. Comparisons presented in this press release on a “like-for-like” basis reflect pro forma 2018 results, which have been adjusted for the deconsolidation of PMI’s Canadian subsidiary, Rothmans, Benson & Hedges, Inc. (RBH), effective March 22, 2019 (the date of deconsolidation). In addition, reflecting the deconsolidation, PMI’s total market share has been restated for previous periods.
2019 SECOND-QUARTER & YEAR-TO-DATE HIGHLIGHTS
2019 Second-Quarter:
Reported diluted EPS of $1.49, up by 5.7%; up by 10.6%, excluding currency
Adjusted diluted EPS of $1.46, up by 3.5%; up by 15.0% on a like-for-like basis, excluding currency
Cigarette and heated tobacco unit shipment volume down by 1.4% (down by 0.7% on a like-for-like basis), reflecting cigarette shipment volume down by 3.6% and heated tobacco unit shipment volume up by 37.0%
Net revenues down by 0.3%; up by 9.0% on a like-for-like basis, excluding currency
Operating income up by 3.0%; up by 8.4%, excluding currency
Adjusted operating income up by 15.7% on a like-for-like basis, excluding currency
Adjusted operating income margin, excluding currency, increased by 2.4 points to 41.4% on a like-for-like basis
PMI declared a regular quarterly dividend of $1.14, representing an annualized rate of $4.56per common share
The U.S. Food and Drug Administration announced that the marketing of IQOS, PMI’s electrically heated tobacco
system, is appropriate for the protection of public health and authorized it for sale in the United States
2019 Six Months Year-to-Date:
Reported diluted EPS of $2.36, down by 2.1%; up by 3.3%, excluding currency
Adjusted diluted EPS of $2.55, up by 5.8%; up by 15.0% on a like-for-like basis, excluding currency
Cigarette and heated tobacco unit shipment volume downby 0.2% (upby 0.1% on a like-for-like basis), reflecting cigarette shipment volume down by 1.9% and heated tobacco unit shipment volume up by 29.2%
Net revenues down by 1.2%; up by 6.2% on a like-for-like basis, excluding currency
Operating income down by 5.1%; up by 0.5%, excluding currency
Adjusted operating income up by 12.7% on a like-for-like basis, excluding currency
• Adjusted operating income margin, excluding currency, increased by 2.2 points to 39.4% on a like-for-like basis
Full year 2019 forecast:
PMI revises its full-year 2019 reported diluted EPS forecast to be at least $4.94 at prevailing exchange rates, compared to the previously communicated forecast of at least $4.87, versus $5.08 in 2018.
Reported diluted EPS of $1.22, down by 15.3%; also down by 15.3%, excluding currency
Adjusted diluted EPS of $1.43, down by 0.7%; up by 5.9% on a like-for-like basis, excluding currency
Cigarette and heated tobacco unit shipment volume down by 2.1%, reflecting cigarette shipment volume down by 5.9% and heated tobacco unit shipment volume up by 84.8%; on a like-for-like basis, cigarette and heated tobacco unit shipment volume down by 1.4%
Market share of heated tobacco units in IQOS markets, excluding the U.S., up by 1.3 points to 5.1%
A charge of approximately $0.20 per share related to an excise tax and Value Added Tax (VAT) audit in Russia
Net revenues up by 1.8%; up by 7.0% on a like-for-like basis, excluding currency
Operating income down by 11.7%; down by 11.3%, excluding currency
Adjusted operating income up by 8.0% on a like-for-like basis, excluding currency
Adjusted operating income margin up by 0.4 points to 41.2% on a like-for-like basis, excluding currency
Increased the regular quarterly dividend by 2.6% to an annualized rate of $4.68 per common share
IQOS introduced for sale in the U.S. following its marketing order authorization by the U.S. Food and Drug Administration
New IQOS 3 DUO device introduced for sale in Japan as part of a planned introduction in most IQOS markets by year-end 2019
2019 Nine Months Year-to-Date
Reported diluted EPS of $3.57, down by 7.3%; down by 3.9%, excluding currency
Adjusted diluted EPS of $3.97, up by 3.1%; up by 11.7% on a like-for-like basis, excluding currency
Cigarette and heated tobacco unit shipment volume down by 0.9%, reflecting cigarette shipment volume down by 3.4% and heated tobacco unit shipment volume up by 45.7%; on a like-for-like basis, cigarette and heated tobacco shipment volume down by 0.4%
Market share of heated tobacco units in IQOS markets, excluding the U.S., up by 1.3 points to 4.9%
Net revenues down by 0.2%; up by 6.5% on a like-for-like basis, excluding currency
Operating income down by 7.5%; down by 3.8%, excluding currency
Adjusted operating income up by 11.0% on a like-for-like basis, excluding currency
Adjusted operating income margin up by 1.6 points to 40.0% on a like-for-like basis, excluding currency
Por lo que acabo de ver, después de una semana de haber recibido el cobro el dividendo, Ib no ha corregido la retención en origen errónea del 15% al 3% , o quizás hayan cambiado este año las leyes fiscales en Usa?
Philip Morris es una empresa 80/20 porque más del 80% de sus beneficios provienen de fuera de Estados Unidos. Creo que el 98% provenían de fuera de Estados Unidos.
Ser empresa 80/20 se traduce fiscalmente en que sólo te retienen sobre el dividendo correspondiente a la parte de los beneficios generados en Estados Unidos.
Por lo tanto, lo correcto sería que el 2% del dividendo tuviese una retención en origen del 15%y el 98% del dividendo no tuviese retención en origen.
Después tienes la retención de España. Si es un broker español te retendrá el 19%. Si es un broker extranjero (Interactive Brokers o DeGiro) no te retendrá nada.
Pues es posible que tengas razón . En la parte sin retención en origen me pagan 1,03€ por título y en la que tiene retención en origen y en destino 0,02€.
El 98% del total -1,05 - es 1,029 ( o sea los 1,03 sobre los que no retienen en origen)
Aún así es como lo he cobrado desde hace años. Pero nunca había hecho las cuentas de si era el 80% ( lo que yo creía al ser empresa 80/20) o el 98% que veo ahora. Algo más que he aprendido hoy
Reported diluted EPS of $4.61, down by 9.3%; down by 6.7%, excluding currency
Adjusted diluted EPS of $5.19, up by 1.8%; up by 9.9% on a like-for-like basis, excluding unfavorable currency of $0.13 per share
Cigarette and heated tobacco unit shipment volume down by 2.0%, reflecting cigarette shipment volume down by 4.5% and heated tobacco unit shipment volume up by 44.2% (to 59.7 billion units); down by 1.4% on a like-for-like basis
Market share of heated tobacco units in IQOS markets, excluding the U.S., up by 1.4 points to 5.0%
Net revenues up by 0.6%; up by 6.4% on a like-for-like basis, excluding currency
Operating income down by 7.4%; down by 4.9%, excluding currency
Adjusted operating income up by 11.2% on a like-for-like basis, excluding currency
Adjusted operating income margin up by 1.7 points to 39.2% on a like-for-like basis, excluding currency
Regular quarterly dividend increase of 2.6% to an annualized rate of $4.68 per common share
Total IQOS users at year-end estimated at 13.6 million, of which 9.7 million have stopped smoking and switched to IQOS
IQOS introduced for sale in the U.S. following its marketing order authorization by the U.S. Food and Drug Administration
New IQOS 3 DUO device introduced in IQOS markets globally, excluding the U.S.
2019 Fourth-Quarter
Reported diluted EPS of $1.04, down by 15.4%; also down by 15.4%, excluding currency
Adjusted diluted EPS of $1.22, down by 2.4%; up by 4.3% on a like-for-like basis, excluding currency
Cigarette and heated tobacco unit shipment volume down by 5.0%, reflecting cigarette shipment volume down by 8.0% and heated tobacco unit shipment volume up by 40.7% (to 17.1 billion units); down by 4.4% on a like-for-like basis
Market share of heated tobacco units in IQOS markets, excluding the U.S., up by 1.7 points to 5.5%
Asset impairment and exit costs of approximately $0.20 per share, principally related to a plant closure in Germany as part of global manufacturing infrastructure optimization
Net revenues up by 2.9%; up by 6.3% on a like-for-like basis, excluding currency
Operating income down by 7.3%; down by 8.3%, excluding currency
Adjusted operating income up by 11.9% on a like-for-like basis, excluding currency
Adjusted operating income margin up by 1.8 points to 36.7% on a like-for-like basis, excluding currency