Louis Camilleri
Louis Camilleri
Louis C. Camilleriis the Chairman of Philip Morris International...
businesses challenges continuing offset results strong third tobacco
During the third quarter, particularly strong results in our tobacco businesses were partially offset by continuing challenges at Kraft.
across business delivered domestic excellent gains growth highly income key share solid strong tobacco volume
Our domestic tobacco business delivered solid income gains in a highly competitive marketplace, ... Our international tobacco business delivered strong volume and income gains, with excellent share growth across most of its key markets.
believe continue gain
I believe we can continue to gain share,
believe dynamics effective flow improve industry measures scholars-and-scholarship sold stop
We believe industry dynamics should improve in 2003, ... more effective measures to stop the flow of illegally sold cigarettes.
company including looking maximize number separation strong
We are looking at a number of alternatives to maximize shareholder value, including the separation of the company into two, or potentially three, strong and independent entities,
achieved businesses growth income offset results solid strong tobacco weaker
Overall, we achieved solid results in 2005, with strong income growth in our tobacco businesses partially offset by weaker results in food.
affecting cautious circumstance dictate early earnings key outlook
Circumstances affecting some of PMI's key markets, most notably Spain, dictate a cautious earnings outlook this early in the year.
affecting cautious circumstance dictate early earnings key morris outlook philip
Circumstances affecting some of Philip Morris International's key markets, most notably Spain, dictate a cautious earnings outlook this early in the year.
brands grow prepared
Individually and as a team, they are exceptionally well prepared to grow our brands and businesses,
ahead challenges confident manage resources seize strategic
I am nevertheless confident that we have the strategic wherewithal and resources to manage the challenges ahead and successfully seize the considerable opportunities ahead of us.