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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 2018 30 117 M
EBIT 2018 11 904 M
Net income 2018 7 985 M
Debt 2018 26 077 M
Yield 2018 5,31%
P/E ratio 2018 16,43
P/E ratio 2019 15,07
EV / Sales 2018 5,04x
EV / Sales 2019 4,77x
Capitalization 126 B
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 96,6 $
Spread / Average Target 15%
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Managers
NameTitle
André Calantzopoulos Chief Executive Officer & Director
Louis C. Camilleri Chairman
Jacek Olczak Chief Operating Officer
Martin G. King Chief Financial Officer
Patrick Brunel Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
PHILIP MORRIS INTERNATIONAL-20.20%125 757
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SWEDISH MATCH45.48%9 336
ESSENTRA-5.84%1 708
PHILIP MORRIS CR, A.S.--.--%1 310