Philip Morris contributes over 3,300 million euros annually to Spain

Philip Morris España has become a significant component of the Spanish economy, contributing over 3,300 million euros annually, which represents approximately 0.23% of the country's GDP. Operating in Spain since 1971, the company employs more than 1,000 people and utilizes a network of 500 national suppliers.

In 2023, the gross value added generated directly by Philip Morris España reached 137 million euros, marking a 7.7% increase from the previous year. Between 2019 and 2023, the company saw an average annual growth rate in value added of 3.9%. The company's productivity, measured by value added per employee, is reported to be 60% higher than the Spanish industrial sector average.

Globally, Philip Morris International is undergoing a strategic transformation toward smoke-free products, including heated tobacco devices, e-cigarettes, and nicotine pouches. Currently, 42% of the company's global net revenues are derived from these combustion-free products.