Record quarter from product segments, driven by US businesses
- In local currencies, sales from product segments increased by 21 percent for the first quarter. Reported sales increased by 24 percent to 4,029 MSEK (3,258).
- In local currencies, operating profit from product segments1) increased by 30 percent for the first quarter. Reported operating profit from product segments increased by 34 percent to 1,652 MSEK (1,233).
- Operating profit amounted to 1,594 MSEK (1,190) for the first quarter.
- Profit after tax amounted to 1,161 MSEK (880) for the first quarter.
- Earnings per share increased by 38 percent to
- Net effect on revenue and results from COVID-19 impacts were positive in the first quarter but are expected to become negative in the second quarter. Guidance for Q2 2020 is provided on page 12 in this report.
- ZYN is now available in approximately 80,000 stores in the US, and average sales per store continued to increase sequentially.
1) Excludes Other operations and larger one-time items.
For the full report: www.swedishmatch.com/Investors/Financial-reports/Interim-reports/
A telephone conference will be held today,
Listen to the telephone conference: www.swedishmatch.com/Investors/Presentations/Webcasts-and-audiocasts/
Telephone conference presentation: www.swedishmatch.com/Investors/Presentations/
_
Contacts:
Office +46 8 658 0441
Office +46 8 658 0108
Office +46 70 938 0173
Office +1 804 787 5130
__
This information is information that
.
(C) 2020 M2 COMMUNICATIONS, source