- PMI's cigarette shipment volume in Asia increased by 4.2%, driven by growth in Indonesia, the Philippines, Thailand and Vietnam, partly offset by a decline in Japan and Korea.
- Reported net revenues increased by 4.6% to $11.2 billion, including unfavorable currency of $116 million.
- Excluding the impact of currency, net revenues increased by 5.7%, reflecting the favorable impact of pricing of $551 million and favorable volume/mix of $57 million.
- Reported OCI increased by 7.5% to $5.2 billion, including favorable currency of $39 million.
- Excluding the impact of currency, OCI increased by 6.7%, primarily reflecting higher pricing, and favorable shipping costs related to the Japan hurdle, partly offset by unfavorable volume/mix of $99 million, mainly in Japan. Excluding Japan, volume/mix was favorable, driven by Indonesia.
- Excluding the impact of currency, adjusted OCI margin was up by 0.6 percentage points to 45.9%.
