Highlights for the second quarter
- Double-digit sales and operating profit growth across all product segments in local currencies.
- In local currencies, sales increased by 19 percent for the second quarter. Reported sales increased by 9 percent to 4,505 MSEK (4,133).
- In local currencies, operating profit from product segments1) increased by 27 percent for the second quarter. Reported operating profit from product segments increased by 15 percent to 1,988 MSEK (1,731).
- For the Smokefree product segment, continued momentum for ZYN in the US drove the financial performance. Sales and operating profit also grew in Scandinavia.
- For the Cigars product segment, sales and operating profit were up significantly in local currency compared to a relatively soft prior year period as a result of improved pricing and increased natural leaf shipments.
- Operating profit for the Lights product segment up sharply as a result of good underlying performance coupled with income from land sales and indirect tax reclaims following favorable court verdicts.
- Operating profit amounted to 1,956 MSEK (1,693) for the second quarter.
- Profit after tax amounted to 1,441 MSEK (1,254) for the second quarter.
- Earnings per share increased by 18 percent to
0.92 SEK (0.78) for the second quarter.1)2)
1) Excludes Other operations and larger one-time items.
2) In
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:
Phone +46 8 658 0441
Phone +46 10 139 3006
Phone +46 70 938 0173
___________
This information is information that
___________
___________
Visiting address: Sveavägen 44, 8th Floor. Telephone: +46 10 13 93 000
Corporate Identity Number: 556015-0756
swedishmatch.com
https://news.cision.com/swedish-match/r/half-year-report-january---june-2021,c3387235
https://mb.cision.com/Main/2004/3387235/1446598.pdf
(c) 2021 Cision. All rights reserved., source