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Philip Morris International : WHO Rejects Philip Morris' Anti-Smoking Foundation

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09/29/2017 | 02:06pm CEST

The World Health Organization on Thursday rejected an anti-smoking foundation endorsed by tobacco giant Philip Morris.

WHO said it would not engage with the Foundation for a Smoke-Free World due to "a number of clear conflicts of interest involved with a tobacco company funding a purported health foundation," the UN health agency said in a statement.

"WHO will not partner with the Foundation. Governments should not partner with the Foundation and the public health community should follow this lead," the statement said.

WHO policies including tobacco taxes, graphic warning labels and advertising bans, the statement said, are effective approaches to tobacco control.

Philip Morris International pledged 80 million dollars of annual funding to the foundation over 12 years in mid-September.

The company had not yet responded to dpa's request for comment.

NAN

Copyright Vanguard. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

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Financials ($)
Sales 2017 28 524 M
EBIT 2017 11 434 M
Net income 2017 7 486 M
Debt 2017 24 844 M
Yield 2017 3,85%
P/E ratio 2017 22,74
P/E ratio 2018 20,30
EV / Sales 2017 6,83x
EV / Sales 2018 6,19x
Capitalization 170 B
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 124 $
Spread / Average Target 13%
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Managers
NameTitle
André Calantzopoulos Chief Executive Officer & Director
Louis C. Camilleri Chairman
Antonio Marques Senior Vice President-Operations
Jacek Olczak Chief Financial Officer
Patrick Brunel Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
PHILIP MORRIS INTERNATIONAL18.21%170 105
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ESSENTRA11.93%1 742
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