Philip Morris International http://www.so-l.ru/tags/show/philip_morris_international Mon, 30 Mar 2020 01:15:49 +0300 <![CDATA[Philip Morris drew up plan for £1bn tobacco transition fund]]> Exclusive: firm accused of hypocrisy after talking to anti-tobacco MP about helping smokers switch products

Philip Morris International (PMI), one of the world’s biggest tobacco companies, drew up plans for a £1bn tobacco transition fund in the UK to be spent by local authorities and Public Health England on persuading smokers to give up cigarettes in favour of alternatives such as its “heat not burn” smokeless tobacco product, IQOS, leaked documents reveal.

The documents, obtained by the Guardian and Channel 4’s Dispatches programme, show PMI had discussions with a leading anti-tobacco MP about presenting a smoke-free bill proposing the fund to the House of Commons. If passed, the bill would have ended an advertising and marketing ban on IQOS and e-cigarettes.

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http://www.so-l.ru/news/y/2020_02_24_philip_morris_drew_up_plan_for_1bn_toba Mon, 24 Feb 2020 10:00:14 +0300
<![CDATA[Tobacco firms accused of using gimmicks to subvert plain packaging]]> Philip Morris has used ‘pro-seal’ and bevels to make packs more recognisable, says report

Tobacco companies have been accused of undermining plain packaging laws by introducing gimmicks that ensure their cigarettes stand out from rival products but do not breach regulations.

A report in the British Medical Journal’s BMJ Open publication found that global tobacco companies adopted subtle marketing techniques to replace traditional cigarette branding, which was banned in the UK in 2016.

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http://www.so-l.ru/news/y/2019_10_20_tobacco_firms_accused_of_using_gimmicks Sun, 20 Oct 2019 20:52:26 +0300
<![CDATA[Juul CEO steps down amid sudden spike in vaping-related illnesses]]> Kevin Burns exits as hundreds of illnesses have been reported in the US and nine deaths have been linked to the lung ailments

Juul Labs chief executive Kevin Burns stepped down from the tobacco vaping company on Wednesday amid growing concern about teenage vaping, the safety of its products and legal challenges.

Burns will be replaced by KC Crosthwaite, chief strategy officer at Altria, the tobacco giant that is Juul’s largest shareholder. Altria also announced it was ending merger talks with Philip Morris International, a deal that would have reunited the Marlboro maker with the parent company that sold it off a decade ago.

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http://www.so-l.ru/news/y/2019_09_25_juul_ceo_steps_down_amid_sudden_spike_in Wed, 25 Sep 2019 16:56:39 +0300
<![CDATA[Tobacco companies Philip Morris and Altria in talks to reunite]]> Deal would merge the Marlboro maker with the parent company that sold it off a decade ago

Tobacco companies Philip Morris and Altria are discussing a merger that would reunite the Marlboro maker with the parent company that sold it off a decade ago.

Related: Can we stop America's teen vaping epidemic arriving in Britain?

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http://www.so-l.ru/news/y/2019_08_27_tobacco_companies_philip_morris_and_altr Tue, 27 Aug 2019 18:44:03 +0300
<![CDATA[How diplomatic missions became entangled with the tobacco industry]]> British high commission in Malaysia and US foreign aid organizations funded the Ideas thinktank as it argued against plain packaging and tobacco taxes

The British high commission in Malaysia gave tens of thousands of pounds to a local thinktank while it argued against tobacco controls already enacted in the UK. At the same time it was funded by the British foreign office, the thinktank received substantial funding from three multinational tobacco companies.

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http://www.so-l.ru/news/y/2019_01_24_how_diplomatic_missions_became_entangled Thu, 24 Jan 2019 09:01:00 +0300
<![CDATA[Revealed: the free-market groups helping the tobacco industry]]> More than 100 free-market thinktanks from North America to Europe and south Asia took positions helpful to the tobacco industry or accepted donations, Guardian investigation shows

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http://www.so-l.ru/news/y/2019_01_23_revealed_the_free_market_groups_helping Wed, 23 Jan 2019 14:01:11 +0300
<![CDATA[Altria-Juul Tie-Up News Puts Consumer Staple ETFs in Focus]]> Per a Wall Street Journal  report on Nov 28, Altria Group Inc MO is in talks to acquire a minority stake in the e-cigarette company Juul. Altria said it doesn’t believe in responding to "rumors and speculation" while Juul denied the comment. Juul was valued at about $15 billion in the latest round of fundraising. Shares of Altria rose 1.8% on Nov 29.

Altria is a tobacco giant, known for the Marlboro brand in the United States.  The company has its own e-cigarette alternatives in the United States, like MarkTen and Green Smoke. It is also keenly awaiting approval from the concerned authorities to market IQOS, a “heat-not-burn” product which has been developed by Philip Morris International Inc (PM) (read: ETFs in Focus Post Philips Morris' Upbeat Earnings).

Juul’s performance has been quite impressive in the e-cigarette space. While Altria’s e-cigarette products only account for a small share of its $25.6 billion revenues, Juul happens to be a frontrunner in the $3 billion e-cigarette market, having a 75% share.         

Juul’s popularity has been growing over the past year. However, the latest policies coming from the regulators could weigh on the operations of Juul. This is because Food and Drug Administration Commissioner Scott Gottlieb recently had threatened that e-cigarettes will be pulled out of the market if the agency’s new limits on the sale of fruity flavors do not lead to a slowdown in the rapidly increasing consumption among teens.

The tobacco industry has been showing signs of cooling. In 2017, cigarette smoking fell to its lowest point in its entire history. The industry seems to be in search of some kind of revival as Morningstar analyst Philip Gorham, suggests more spending on the side of companies to manufacture next generation nicotine products.

Whatever the case, against the backdrop of likely Altria-Juul deal, we highlight ETFs in detail that provide significant exposure to the company (see: all the Consumer Staples ETFs):

Fidelity MSCI Consumer Staples Index ETF FSTA

The fund tracks the MSCI USA IMI Consumer Staples Index and comprises 88 holdings. Altria occupies the sixth spot (5.6%). Its AUM is $530.9 million and expense ratio is 0.08%.

John Hancock Multifactor Consumer Staples ETF JHMS

The fund tracks the John Hancock Dimensional Consumer Staples Index and comprises 50 holdings. Altria sits at the sixth position with 5.6% weight. The fund’s AUM is $26.8 million and expense ratio is 0.50%.

iShares U.S. Consumer Goods ETF IYK

The fund tracks the Dow Jones U.S. Consumer Goods Index and comprises 109 holdings. Altria holds the fifth spot in the fund pool (4.97%). The fund’s AUM is $503 million and expense ratio is 0.43% (read: Shrug Off Rate Fears, Consumer Staples ETFs Are on a Tear).

iShares Evolved U.S. Consumer Staples ETF IECS

It is an actively managed fund, presently comprising 126 holdings. Altria holds the seventh spot (4.2%). The fund’s AUM is $3.8 million and expense ratio is 0.18%.

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http://www.so-l.ru/news/y/2018_12_01_altria_juul_tie_up_news_puts_consumer_st Sat, 01 Dec 2018 00:43:00 +0300
<![CDATA[Forbes назвал зарубежные компании, которые больше всего зарабатывают в России]]>

Forbes представил рейтинг зарубежных компаний, которые являются лидерами по выручке в России. Как и в прошлом году, первое место заняла французская Auchan. Компания возглавила список несмотря на то, что за год ее доходы в России снизились на 11,7% до 356,1 млрд рублей.

Вторую и третью позиции занял табачные гиганты Japan Tobacco International (+4,85%, до 289,2 млрд рублей) и Philip Morris International (+2,75%, до 276,2 млрд рублей). В рейтинге они обошли Toyota (4-е место) и Volkswagen Group (5-е место). Причем немецкий автопроизводитель показал один из худших показателей: его выручка в России сократилась на 18% до 237,6 млрд рублей.

В первой десятке также оказались Metro Group (-13,7% до 231,6 млрд рублей), Leroy Merlin (+20,4%, до 226,7 млрд рублей), British American Tobacco, PepsiCo и IKEA.

Журнал отмечает, что в целом российская выручка компаний, включенных в рейтинг, за год составила 5,7 трлн рублей и выросла на 3,3%.


(https://www.business-gaze...)]]>
http://www.so-l.ru/news/y/2018_11_28_forbes_nazval_zarubezhnie_kompanii_kotor Wed, 28 Nov 2018 19:47:00 +0300
<![CDATA[​Forbes назвал зарубежные компании, которые больше всего зарабатывают в России]]> Forbes представил рейтинг зарубежных компаний, которые являются лидерами по выручке в России. Как и в прошлом году, первое место заняла французская Auchan. Компания возглавила список несмотря на то, что за год ее доходы в России снизились на 11,7% до 356,1 млрд рублей.

Вторую и третью позиции занял табачные гиганты Japan Tobacco International (+4,85%, до 289,2 млрд рублей) и Philip Morris International (+2,75%, до 276,2 млрд рублей). В рейтинге они обошли Toyota (4-е место) и Volkswagen Group (5-е место). Причем немецкий автопроизводитель показал один из худших показателей: его выручка в России сократилась на 18% до 237,6 млрд рублей.

В первой десятке также оказались Metro Group (-13,7% до 231,6 млрд рублей), Leroy Merlin (+20,4%, до 226,7 млрд рублей), British American Tobacco, PepsiCo и IKEA.

Журнал отмечает, что в целом российская выручка компаний, включенных в рейтинг, за год составила 5,7 трлн рублей и выросла на 3,3%.

]]>
http://www.so-l.ru/news/y/2018_11_28_forbes_nazval_zarubezhnie_kompanii_koto Wed, 28 Nov 2018 14:26:00 +0300
<![CDATA[«Ашан» вновь возглавил рейтинг крупнейших компаний с иностранным участием в России]]> http://www.so-l.ru/news/y/2018_11_28_ashan_vnov_vozglavil_reyting_krupneyshi Wed, 28 Nov 2018 14:01:00 +0300 <![CDATA[Крупнейшей иностранной нефинансовой компанией в России стал Auchan]]> http://www.so-l.ru/news/y/2018_11_28_krupneyshey_inostrannoy_nefinansovoy_komp Wed, 28 Nov 2018 13:02:26 +0300 <![CDATA[Philip Morris’ cigarette ad – a classic case of smokes and mirrors | David Mitchell]]> Excuse me if I’m slightly cynical about the tobacco giant’s new anti-smoking campaign

Wrapped around Monday’s Daily Mirror was a big four-page “advertising feature” paid for by Philip Morris International, the big tobacco corporation. It wasn’t advertising cigarettes, because that’s illegal in Britain. Or maybe that “because” is unfair? Perhaps I should say: “It wasn’t advertising cigarettes. Unrelatedly, that’s illegal in Britain.”? Is it unjust of me to suggest that Philip Morris International would even want to advertise cigarettes?

It’s a poser. On the one hand, Philip Morris International does advertise its Marlboro cigarette brand in many countries where it’s legal to do so. On the other hand, this particular big advert was to launch a campaign called “Hold My Light”, which seems to be encouraging people to stop smoking.

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http://www.so-l.ru/news/y/2018_10_28_philip_morris_cigarette_ad_a_classic Sun, 28 Oct 2018 12:00:11 +0300
<![CDATA[World's biggest tobacco firm under fire over 'disgraceful' PR stunt]]> NHS staff told to reject offer by makers of Marlboro cigarettes to help them quit smoking

The world’s biggest tobacco firm has been accused of staging “a digraceful PR stunt” by offering to help NHS staff quit smoking to help mark the service’s 70th birthday.

Philip Morris International (PMI), which makes Marlboro cigarettes, is under fire for apparently trying to breach global rules which stipulate that tobacco manufacturers should be treated as pariahs.

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http://www.so-l.ru/news/y/2018_07_19_world_s_biggest_tobacco_firm_under_fire Thu, 19 Jul 2018 09:00:36 +0300
<![CDATA[How MO & 3 Others Are Placed in a Challenging Tobacco Space]]> The multi-million Zacks Tobacco industry has been treading on shaky ground, thanks to stringent FDA regulations to curb cigarette consumption. Well, authorities can’t be blamed for brandishing the whip on tobacco players as smoking has become one of the primary causes of heart diseases and cancer. However, in an attempt to navigate rough waters, a few tobacco players have resorted to reduced-risk tobacco products (RRPs), a less fatal alternative to cigarettes.

Headwinds Plaguing Tobacco Majors

Cigarette sales have been deteriorating, due to several marketing regulations imposed by the FDA. Apart from seeking authorization for any new tobacco product, companies are also required to mandatorily use precautionary labels on cigarette packets. Additionally, these companies have been directed to put self-critical advertisements on television and newspapers, particularly emphasizing the addictive nature of cigarettes.

To add to the woes, the FDA is now bent on drastically reducing nicotine in cigarettes to minimally addictive levels. The initiative was proposed in 2017 but was delayed, thanks to ongoing research and opposition from several interest groups. If acted upon, lowering nicotine levels will undoubtedly be disastrous for cigarette manufacturing companies. Moreover, increasing regulatory moves have raised awareness amongst consumers regarding the detrimental effects of smoking.

The impacts of such initiatives are clearly visible on receding cigarette sales volumes of tobacco industry majors such as Altria MO, Philip Morris PM, British American Tobacco BTI and Vector Group VGR. Also, owing to these hurdles, the tobacco industry (ranked among the bottom 12% out of more than 250 Zacks industries) has dropped 6.3% in the past six months, as against the S&P 500 that gained 3.2%.



On the flip side, tobacco companies have been exploring opportunities provided by RRPs. Incidentally, Philip Morris, one of the companies leading this revolutionary shift to RRPs along with Altria, has been investing to strengthen their smoke-free products portfolio.

Let’s take a closer look at the performance of these companies and how they are placed amid the ongoing chaos as well as the efforts they have been undertaking to survive.

A Look Into Major Tobacco Players Performance

Philip Morris International Inc.’s cigarette shipment volumes declined 2.1% during the fourth quarter of 2017. This marked the company’s fourth-consecutive period of earnings and sales miss. Moreover, the company’s shares declined 9.1% over the past six months, wider than the industry’s fall.

In an effort to boost performance, Philip Morris has been radically expanding its RRPs portfolio. The company seems to stand firm on its ambitions to develop a smoke free future, evident from its recent move to completely transform one of its cigarette production facilities in Greece for the manufacture of HEETS — a unit used with iQOS. In fact, with investments close to $4.5 billion since 2008 for undertaking research and product development in the RRPs category, the company is pioneering the radical shift from harmful tobacco products to scientific and low-risk product alternatives.

Buoyed by such efforts, management expects earnings for 2018 in the range of $5.20-$5.35, depicting a growth of 34-38% over the prior-year figure. The Zacks Consensus Estimate for earning for 2018 also falls within management’s guidance and is pegged at $5.27. Moreover, this Zacks Rank #3 (Hold) company carries a VGM Score of B and has a long-term growth rate of 10.1%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Altria Group, Inc. saw its domestic cigarette volumes decline almost 8.9% year over year during the fourth-quarter 2017. Moreover, due to consistent declines in the cigarette category, Altria’s top line lagged the Zacks Consensus Estimate in eight out of the last 10 quarters. The company carries a VGM Score of D.

Additionally, dismal cigarette sales performance led to Altria’s shares to decline 0.7% in the past six months, which compares favorably with the industry’s fall. Well, this Zacks Rank #3 company has been managing to stay afloat on the back of its Smokeless product category. In fact, revenues in this category advanced 11.1% in the fourth quarter. Moreover, in e-vapor, Altria’s subsidiary Nu Mark LLC continues to boost MarkTen volume, which expanded 60% in 2017. Altria’s marketing and technology agreement with Philip Morris is also expected to boost the businesses of the companies. Per the agreement, Phillip Morris will market Altria’s MarkTen e-cigarettes internationally. Also, Altria will distribute two of Phillip Morris’ heated tobacco products in the United States.

Buoyed by the prospects in the smokeless category, management expects 2018 earnings to surge 5-19% year over year to $3.90-$4.03. The Zacks Consensus for 2018 earnings trended upward over the past 30 days and is pegged at $4.01. The company also has a long-term growth rate of 8.6%.

Another tobacco industry major, British American Tobacco plc, saw its shares decline almost 8.2% over the past six months. Moreover, the company’s preliminary results for 2017 depict a decline of 2.6% in organic cigarette volumes. The company carries a VGM Score of D.

Nevertheless, this Zacks Rank # 3 company has been gaining significantly from the acquisition of Reynolds American Inc. British American has also been striving to expand in the RRPs realm with its Next Generation Products lineup.

Vector Group Ltd., a Florida-based tobacco company, witnessed a decline 2.8% in tobacco unit sales volumes during the fourth quarter of 2017. The company, which has seen its shares dip 1% in the past six months, carries a VGM score of F. Although Vector Group has not ventured out into RRPs, the company relies upon the real estate segment to offset tobacco sales related hurdles.

Wrapping Up

While RRPs seem to be one of the most viable options for tobacco players to offset declining cigarette volumes, there are other factors that need to be taken care of. Advancements in the reduced risk category are yet to completely offset cigarette sales decline for most of the aforementioned companies. That said, let’s wait and watch what lies ahead for companies operating in the tobacco space and what additional efforts they can undertake to sustain in the industry.

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Altria Group, Inc. (MO): Free Stock Analysis Report
 
Philip Morris International Inc. (PM): Free Stock Analysis Report
 
British American Tobacco p.l.c. (BTI): Free Stock Analysis Report
 
Vector Group Ltd. (VGR): Free Stock Analysis Report
 
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http://www.so-l.ru/news/y/2018_03_29_how_mo_3_others_are_placed_in_a_challe Thu, 29 Mar 2018 16:31:00 +0300
<![CDATA[Греческая фабрика Philip Morris полностью перепрофилировалась на производство бездымных альтернатив]]> http://www.so-l.ru/news/y/2018_03_27_grecheskaya_fabrika_philip_morris_polnost Tue, 27 Mar 2018 15:09:18 +0300 <![CDATA[What Philip Morris' Plant Conversion Could Mean for the Stock]]> Philip Morris International Inc. PM seems to stand firm on its ambitions of developing a smoke free future, evident from its recent move to completely transform one of its cigarette production facilities in Greece for the manufacture of HEETS —  a unit used with iQOS. At a time when Philip Morris, like other major tobacco players, is witnessing receding cigarette sales, the company has been tactfully keeping its ducks in a row with reduced risk products (RRPs).

Expanding in the Smoke-Free Zone

For the transformation of Papastratos factory in Greece for the production of HEETS, the company plans an investment outlay of approximately EUR 300 million. This includes construction of new buildings and replacement of cigarette manufacturing lines with advanced facilities that can produce almost 10,000 smoke-free units per minute. The transformation work is expected to be completed by the end of 2018 and is likely to create 400 new employment opportunities. Along with Papastratos, Philip Morris has a plant near Bologna in Italy, which is fully engaged in the manufacturing of smoke-free products. Further, the company plans to undertake either partial or complete transformation of its cigarette producing facilities in Russia, Korea and Romania.  

Philip Morris’ endeavors in the RRPs category are praiseworthy. With investments close to $4.5 billion since 2008 for undertaking research and product development in this category, the company is leading the revolutionary move from harmful tobacco products to scientific and low risk product alternatives. While the company has been stringently working toward motivating smokers to switch to RRPs, government regulations across the globe have also been playing a major role to substantiate the change. Additionally, the marketing and technology sharing agreement between Philip Morris and Altria Group MO for selling iQOS heated tobacco products in the United States is expected to aid volume and sales growth. The agreement is currently submitted for review to the FDA.

The company’s strategic efforts in the RRPs space have also been favorably impacting its overall performance. Evidently, during fourth-quarter 2017, the company generated revenues of $1,643 million from RRPs, significantly higher than $343 million in 2017. Notably, RRP revenues in 2017 represented 12.7% of the company’s overall net revenues, with major contributions from iQOS and accessories. The company expects continued growth in this category in the forthcoming periods, which encourages it to undertake constant investments to support RRP expansion. In fact, management expects strength in RRPs to drive the company’s currency-neutral revenue growth of more than 8% in 2018.  



 

Challenges to Overcome

On the flip side, Philip Morris has been witnessing deteriorating shipment volumes mainly due to receding demand for cigarettes. Moreover, due to such headwinds, Philip Morris’ shares have lost 13.7% in the past six months, wider than the industry’s decline of 10.5%. In fact, rising consumer awareness regarding the harmful impacts of cigarette and stern government regulations have been hampering the growth of a number of firms in the multi-billion tobacco industry such as British American Tobacco BTI and Vector Group VGR.

Nevertheless, as a trendsetter in the low risk tobacco products arena and its effective strategies to augment the category, Philip Morris is expected to continue as one of prominent names in the industry. Such dedicated efforts not only aid in countering stringent regulations and headwinds plaguing the cigarette space, but also seem to be in the favor of society’s health and well being. Marching with such radical objectives, we expect this Zacks Rank #3 (Hold) to continue growing and also gain a place in investors’ good books.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Altria Group, Inc. (MO): Free Stock Analysis Report
 
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British American Tobacco p.l.c. (BTI): Free Stock Analysis Report
 
Vector Group Ltd. (VGR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_22_what_philip_morris_plant_conversion_cou Thu, 22 Mar 2018 17:54:00 +0300
<![CDATA[Interested In Philip Morris International Inc (NYSE:PM)’s Upcoming $1.07 Dividend? You Have 3 Days Left]]> Interested In Philip Morris International Inc (NYSE:PM)’s Upcoming $1.07 Dividend? You Have 3 Days LeftIf you are interested in cashing in on Philip Morris International Inc’s (NYSE:PM) upcoming dividend of $1.07 per share, you only have 3 days left to buy the shares beforeRead More...


]]> http://www.so-l.ru/news/y/2018_03_17_interested_in_philip_morris_internationa Sat, 17 Mar 2018 20:50:29 +0300 <![CDATA[Миллиардер-курильщик. Иван Саввиди продает «Донской табак» за $1,6 млрд — это очень дорого]]> Японская корпорация Japan Tobacco (JTI) договорилась о покупке российского производителя сигарет «Донской табак», принадлежащего семье российского бизнесмена Ивана Саввиди. Сделка может сделать Саввиди долларовым миллиардером — за компанию, продающую сигареты «Донской табак», Richmond, Kiss и легендарный «Беломорканал», японцы готовы заплатить почти $1,6 млрд.

Цена удивляет — особенно на фоне того, что дела у «Донского табака» идут не лучшим образом. В 2017 году основные финансовые показатели компании рухнули почти вдвое: выручка сократилась с $428 млн до $278 млн, а чистая прибыль — с $69 млн до $33 млн. Исходя из этих цифр сделка пройдет с мультипликатором P/S равным 5,7. У самой Japan Taobaco этот коэффициент составляет 2,9. У ближайших конкурентов Philip Morris и British American Tobacco — 5,7 и 5,1 соответственно. При этом $1,6 млрд — это стоимость бизнеса, покупатель еще погасит долг «Донского табака» на $176 млн.

«Эта сделка увеличит нашу долю на рынке примерно до 40% и сразу же внесет вклад в прибыль группы», — объяснил такую щедрость президент JTI Муцуо Ивай в сообщении компании. Генеральный директор группы «Агроком», в которую входит «Донской табак», Сергей Сапотницкий заявил, что переговоры и подготовка сделки велись больше года, а продать компанию решили из-за сложностей на рынке.

«JTI переплачивают за долю и за определенную уникальность актива, — считает генеральный директор «INFOLine-Аналитика» Михаил Бурмистров. — Но они платят не за текущую рентабельность бизнеса или за компанию, они платят за долю рынка, за бренды, за производственные мощности. И другой такой возможности у них в принципе нет, потому что по сути «Донской Табак» — единственная компания, которая есть на рынке». По словам Бурмистрова, несмотря стагнацию сигаретного рынка в количественном выражении, в денежном выражении (с учетом акцизной политики) рост продолжается. Серьезной проблемой остаются нелегальные продажи сигарет, но маркировка и повышение контроля за розничными продажами дают производителям надежду, что темпы роста нелегального рынка сократятся. «В этом случае марки «Донского Табака», находящиеся в нижнем ценовом сегменте, будут достаточно конкурентоспособны», — резюмирует Бурмистров.

Старший аналитик ИК «Фридом Финанс» Вадим Меркулов отмечает, что последний год оказался не таким плохим для всех участников рынка: «Например, Philip Morris International снизил продажи сигарет на 4% по премиальным брендам – Malboro и Parlament, однако продажи дешевых сигарет в портфеле корпорации увеличились на 35%. Это демонстрирует тренд перехода на более дешевые сигареты из-за высоких цен на табачные изделия». По мнению Меркулова, сделка позволит японской корпорации диверсифицировать падающую выручку на российском рынке: $2,2 млрд — в 2017 году, $2,3 млрд — в 2016 году. «Думаю, что японская компания хочет реструктуризировать свое производство, и заводы «Донского табака» будут обеспечивать основной экспорт из России в соседние страны Восточной Европы, СНГ и Африки», — добавляет он. Меркулов напоминает, что «Донской табак» — крупнейший экспортер в стране с готовой логистикой.

Здесь курят

Фабрика «Донской Табак» была основана в 1857 году. В советское время она называлась Донская государственная табачная фабрика, именно на нее Иван Саввиди устроился работать грузчиком после армии. Во время приватизации Саввиди собрал 75,71% акций фабрики и в 1993 году стал генеральным директором компании «Донской табак». Согласно данным «СПАРК-Интерфакс», сейчас 100% компании принадлежит Киряки Саввиди, супруге бизнесмена.

В июне 2007 года, комментируя законопроект «Об ограничении курения», депутат Госдумы Саввиди рассказывал «Коммерсанту», что курить он «основательно начал в армии, ведь там если не куришь, то нет и перекура. Выкуривал три пачки в день». Саввиди говорил, что никогда не курил при родителях и детях, бросил в 1996 году, а в 1995 году был первым производителем табака, который выступил за сокращение его рекламы. Однако сам «Донской табак» в рекламе себя не ограничивал. Например, в 2008 году ФАС запретила рекламу «Донского табака» с изображением юной девушки и слоганом «Если нельзя, но очень хочется, то можно».

Через три года разгорелся еще более масштабный скандал. Табачная фабрика Саввиди никак не могла тягаться с рекламными бюджетами западных табачных гигантов, поэтому ростовским маркетологам приходилось играть в зоне риска. Компания провела рестайлинг сигарет Sweet Dreams, Play и Kiss, разместив на упаковках изображения раскованных и успешных девушек на фоне Парижа, Нью-Йорка, Майами, Рима. Соответствующую рекламу запустили в глянцевых журналах с молодежной аудиторией. Кампания не прошла незамеченной — «Донской табак» обвинили в пропаганде курения среди подростков, рекламу признали незаконной, осенью «молодежные» сигареты были сняты с производства.

В 2017 году «Донской табак» ожесточенно бился с табачными гигантами за место на рынке. И не выдержал. Как выяснила компания Nielsen, в 2017 году демпинг на табачном рынке достиг максимального за последние годы уровня. В 2014 году разница цен продажи от цены указанной на пачке была 5%, в прошлом году этот показатель достиг 14,5%. Чтобы стимулировать спрос табачные гиганты начали продавать продукцию по сниженным ценам, представители «Донского табака» говорили, что у компании не было ресурсов для ведения ценовой войны, что привело в итоге к сокращению ее доли на рынке — с 8,5% до 6,5%.

Сам Саввиди последние годы развивает бизнес в Греции. В 2012 году он приобрел 65% акций греческого футбольного клуба ПАОК. Саввиди сразу оплатил €9 млн многолетних долгов клуба и внес в его капитал €9,95 млн. К концу 2016 года сумма его инвестиций в команду достигла €81,9 млн, а пакет увеличился до 82,8%.

На прошлой неделе вокруг бизнесмена разгорелся скандал — во время футбольного мачта своей команды бизнесмен, вооруженный пистолетом, выбежал на поле и начал угрожать судье и конкурентам. Сам Саввиди заявил, что никому не угрожал, сейчас ему грозит запрет на посещение игр на срок до пяти лет.

Читайте также
Из казаков в греки. Ростовский предприниматель Иван Саввиди активно ведет бизнес в Греции
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http://www.so-l.ru/news/y/2018_03_16_tabachok_vmeste_ivan_savvidi_prodaet_do Fri, 16 Mar 2018 19:16:14 +0300
<![CDATA[Altria Loses 15% in a Year: Can Strategic Efforts Aid Growth?]]> Cigarette consumption rates have been charring down, which in turn has been choking the performance of major tobacco players like Altria Group, Inc. MO. Evidently, these hurdles have caused shares of this Virginia-based company to plunge close to 15% in the past year, wider than the industry’s decline of 10.5%. Nevertheless, Altria is trying all means to find a breather in reduced risk tobacco products (RRPs) – which have been gaining traction.

Receding Cigarette Volumes Raise Concerns

Altria and other tobacco industry majors received quite a jolt last year when the FDA came up with the proposal to drastically lower nicotine content in cigarettes. This along with the FDA’s norms to display self-critical advertisements on television and newspapers to dissuade customers from smoking and using precautionary labels on cigarette packets, have been weighing on the tobacco segment. Moreover, in the process of adhering to previous regulatory policies, tobacco manufacturers are required to seek marketing authorization for the introduction of any tobacco product. Additionally, the European Union and the FDA have proposed a ban on menthol in accordance with the Tobacco Control Act. Per the Act, menthol cigarettes have an adverse impact on public health. That said, Altria and other companies in the multi-billion tobacco industry such as British American Tobacco BTI and Vector Group VGR have quite a lot to worry about when it comes to cigarette products.

Thanks to the aforementioned challenges, Altria’s top line lagged the Zacks Consensus Estimate in eight out of the last 10 quarters. In fact, Altria’s domestic cigarette shipment volume fell 8.9% year over year during the fourth quarter of 2017, due to lower cigarette industry volumes, unfavorable trade inventory movements and decline in retail share. Total cigarette retail share declined to 50.3% during the period, representing a 0.8 percentage point slip. Moreover, declines of 6.2%, 2.7% and 2.6% in Altria’s cigarette shipment volumes were incurred during the third, second and first quarters of 2017, respectively.

With little or no hopes of attaining growth in cigarettes, Altria is focusing on its smokeless or reduced risk products. Let’s take a look at the efforts undertaken in this segment and other factors that have been aiding this Zacks Rank #3 (Hold) company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Reduced Risk Products: The New Growth Mantra

The future for tobacco companies seems to be smoke-free, given the growing popularity of RRPs. Altria has been promptly responding to this changing market scenario. To this end, it has offered several reduced risk tobacco products which helped it maintain market share. In e-vapor, Altria’s subsidiary Nu Mark LLC continues to boost MarkTen volume, which expanded 60% in 2017, courtesy of greater distribution and category growth. MarkTen’s full-year 2017 national retail market share was approximately 12.5% in mainstream retail channels. Further, it forms nearly 70% of e-vapor volumes in those channels. Notably, Altria’s flagship MarkTen and Green Smoke e-vapor products are performing strongly in the smokeless category. In fact, MarkTen is now a leading e-vapor brand in the United States.

Backed by efforts to strengthen RRP portfolio, revenues (net of excise taxes) from the Smokeless product category advanced 11.1% to $542 million in the fourth quarter. This was mainly buoyed by better pricing and improved Copenhagen volumes. We expect such trends to continue fueling Altria in the forthcoming periods. Also, Altria’s marketing and technology agreement with Philip Morris PM to market MarkTen e-cigarettes internationally and the distribution of heated tobacco products in the United States is expected to boost the businesses of the companies.

Positive on the Journey Ahead

Despite the headwinds plaguing the cigarette category, Altria has managed to stay afloat in this segment on the back of strong pricing. It has been witnessed that smokers tend to absorb price increases owing to the addictive quality of cigarettes. We expect the company to continue reaping benefits from such effective pricing strategies in the forthcoming periods.  Additionally, the recent tax reforms favorably impacted Altria’s 2017 earnings, and are expected to benefit the company going ahead. Evidently, management expects lower corporate tax rate and lower taxes on AB InBev dividends to augment the company’s bottom line in 2018.

Apart from this, management is focused on making investments in core growth areas like undertaking innovations, coming up with launches like iQOS, improving retail fixtures and enhancing brands like Marlboro to boost market share. Moreover, on the back of these efforts and expected gains from tax reforms, management provided a positive earnings outlook for 2018. That said, we hope such well-chalked endeavors to aid the company to offset the hurdles and continue as one of the prominent names in the tobacco industry.

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Altria Group, Inc. (MO): Free Stock Analysis Report
 
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British American Tobacco p.l.c. (BTI): Free Stock Analysis Report
 
Vector Group Ltd. (VGR): Free Stock Analysis Report
 
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http://www.so-l.ru/news/y/2018_03_16_altria_loses_15_in_a_year_can_strategi Fri, 16 Mar 2018 18:22:00 +0300
<![CDATA[Smokeless cigarettes not as harmless as claimed, study says]]> Users of new iQOS ‘heat not burn’ devices speed up their ‘puff rate’ to inhale more nicotine, researchers find

The new “heat not burn” smokeless cigarette devices are not as harmless as their manufacturer claims, according to a new study.

iQOS – which stands for “I quit ordinary smoking” – is made by Philip Morris International, best known as the manufacturer of Marlboro cigarettes. PMI, the biggest tobacco company in the world, says its future is “smoke-free”, and it is investing in heated tobacco products, such as iQOS, and e-cigarettes, both of which it says are safer options.

Continue reading...]]>
http://www.so-l.ru/news/y/2018_03_14_smokeless_cigarettes_not_as_harmless_as Wed, 14 Mar 2018 02:30:36 +0300
<![CDATA[Why Is Philip Morris (PM) Up 8.1% Since Its Last Earnings Report?]]> A month has gone by since the last earnings report for Philip Morris International Inc. PM. Shares have added about 8.1% in that time frame.

Will the recent positive trend continue leading up to its next earnings release, or is PM due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

Philip Morris Q4 Earnings & Sales Miss, Guides 2018

Philip Morris International posted fourth-quarter fiscal 2017 results. Adjusted earnings of $1.31 per share missed the Zacks Consensus Estimate of $1.36. However, adjusted earnings in the reported quarter jumped 19.1% from the year-ago period.

Net revenue, excluding excise taxes, was $8,294 million, which increased 19% (up 18.8% excluding favorable currency of $14 million) in the fourth quarter. However, net revenues lagged the Zacks Consensus Estimate of $8,372 million. Favorable pricing and volume/mix in the quarter drove revenues. While, revenues increased in the European Union (EU), Asia, Latin America & Canada, the same declined in Eastern Europe, the Middle East & Africa (EEMA).

During the quarter, revenues from combustible products inched up 0.3% (down 0.8% excluding negative currency) to $6,651 million. Moreover, Reduced Risk Products (RRPs) reported a whopping increase from last-year quarter, driven by shift of customer preference away from tobacco products. The company generated revenues of $1,643 million from RRPs, significantly higher than $343 million reported last year.

Total cigarette and heated tobacco unit shipment volume rose 3.8% to 212.1 billion units. The figures were unfavorable in the EEMA and in Latin America & Canada mainly due to low cigarette shipment volumes. These were offset by increased volumes in Asia and EU, as well as higher heated tobacco unit shipment volume across all regions. While cigarette shipment volume declined 2.1% in the quarter, heated tobacco unit shipment volume of 15.7 billion units, increased significantly from 3.7 billion units recorded in fourth-quarter 2016.

Adjusted operating companies income was up 25.5% year over year to $ $3,381 million owing to favorable pricing and growth across all regions along with favorable volume/mix in the EU and Asia. Excluding currency impact of $196 million, adjusted operating income increased 18.2%. However, adjusted operating margin was down 220 basis points to 40.8%.

Guidance

The company provided fiscal 2018 guidance. The company expects earnings per share in the range of $5.20-$5.35, which depicts growth of 34-38% over the earnings of $3.88 in 2017. Excluding a favorable currency impact, the company anticipates adjusted earnings growth of nearly 7-10%.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed a downward trend in fresh estimates. There have been four revisions lower for the current quarter. In the past month, the consensus estimate has shifted by -24.5% due to these changes.

VGM Scores

At this time, PM has a strong Growth Score of A, though it is lagging a lot on the momentum front with an F. The stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

The company's stock is suitable solely for growth based on our styles scores.

Outlook

Estimates have been broadly trending downward for the stock and the magnitude of these revisions indicates a downward shift. Notably, PM has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.


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http://www.so-l.ru/news/y/2018_03_12_why_is_philip_morris_pm_up_8_1_since Mon, 12 Mar 2018 09:39:00 +0300