Philip Morris International just issued Reports 2011 results and you can download it from pmi.com site. Just few citations: The total cigarette market in the EU declined by 4.3%, due primarily to the impact of a lower total market: in Greece, mainly reflecting the unfavorable impact of excise tax-driven price increases in 2010 and 2011; in Italy, due primarily to excise tax-driven price increases in 2010 and July 2011, and the VAT-driven price increase of September 2011; in Spain total cigarette market was down by 16.6%, following the cumulative unfavorable impact of price increases in 2010 and 2011, the implementation of stricter indoor public smoking bans in January 2011; in Portugal, reflecting both excise tax and VAT-driven price increases in 2010 and January 2011. In Poland, the total cigarette market was down by 3.1% in 2011, reflecting the unfavorable impact of excise tax-driven price increases in the fourth quarter of 2010 and second quarter of 2011, as well as the introduction of an indoor public smoking ban in November of 2010. In Turkey, the total cigarette market was down by 2.3% due to the unfavorable impact of excise tax-driven price increases in the fourth quarter of 2011. In Ukraine, market declined by 8.1% reflecting the unfavorable impact of excise tax-driven price increases in 2010 and 2011. In Japan, the market decreased by 10.8% reflecting the unfavorable impact of October 1, 2010 excise tax-driven price increases. In Mexico, the total cigarette market was down by 21.1% in 2011, primarily due to the significant January 1, 2011, excise tax increase. See what works!