Philip Morris International lowers profit forecast after $500 million write-down

Tue 2 Jun 2026 12:15 CEST

Philip Morris International, which owns the Marlboro cigarette brand and the Zyn portioned snus brand, is lowering its profit forecast after a $500 million (approximately SEK 4.6 billion) write-down of the value of its Canadian operations.

Earnings are now estimated at $8.31-$8.46 per share for the fiscal year, compared with a previous forecast of up to $8.51 per share.

This follows the subsidiary Rothmans, Benson & Hedges being ordered to pay substantial damages for tobacco-related injuries, which has forced it to file for bankruptcy protection.

Since acquiring Swedish Match in 2022, Philip Morris International's brand portfolio also includes the Swedish snus brands General and Ettan.

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Swedish Match Benson & Hedges Rothmans

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TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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