Altria Group Inc

MO: XNYS (USA)

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Altria Still Generates Robust Free Cash Flow From Its US Dominance in Combustibles

Kristoffer Inton

Mar 3, 2025

Business Strategy and Outlook

Altria offers pure-play tobacco exposure to the US, where cigarette volumes declined 6% per year from 2019 to 2024, faster than the global market's 1% annual loss, according to Euromonitor. Moreover, excise taxes are constantly increasing and regulations tightening.

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Altria Group Inc

Altria Still Generates Robust Free Cash Flow From Its US Dominance in Combustibles

Business Strategy and Outlook

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