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PMI 2015 Results

The market share in Russia grew from 27.4% to 28.4% for Philip Morris in 2015

Cigarette shipments in Russia in the fourth quarter totalled 18.6 billion cigarettes, or 13.5% fewer than in the same period of 2014. During the entire year, though, supply is comparable with the 2014 level. Philip Morris estimates the Russian tobacco market at 294.5 billion cigarettes in 2015, which means a 6.2% reduction. This is due to growth in excise and the price of cigarettes against a background of a...

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