Risks for PHILIP MORRIS INTERNATIONAL INC (PM)
Here are some interesting risks from the recent filings of PHILIP MORRIS INTERNATIONAL INC. Our algorithms work hard to highlight risks unique to this company.
Consumption of tax-paid cigarettes continues to decline in many of our markets.
Cigarettes are subject to substantial taxes. Significant increases in cigarette-related taxes have been proposed or enacted and are likely to continue to be proposed or enacted in numerous jurisdictions. These tax increases may disproportionately affect our profitability and make us less competitive versus certain of our competitors.
We face intense competition, and our failure to compete effectively could have a material adverse effect on our profitability and results of operations.
Because we have operations in numerous countries, our results may be influenced by economic, regulatory and political developments, natural disasters or conflicts.
We may be unable to anticipate changes in consumer preferences or to respond to consumer behavior influenced by economic downturns.