STOCKHOLM, July 20, 2021 /PRNewswire/ -- 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)
- Excludes Other operations and larger one-time items.
- In May 2021, a share split (10:1)
was made. Historical share data in this report has been restated in
accordance with IAS 33.
For the full
report: www.swedishmatch.com/Investors/Financial-reports/Interim-reports/
Swedish Match telephone conference
A telephone conference will be held today, Tuesday, July 20 at 2:00
p.m. (CET), (1:00 p.m. UK
time). At this time we will review and comment on the results.
Participants will include Lars
Dahlgren, Anders Larsson, and
Emmett Harrison.
Listen to the telephone conference:
www.swedishmatch.com/Investors/Presentations/Webcasts-and-audiocasts/
Telephone conference presentation:
www.swedishmatch.com/Investors/Presentations/
Contacts:
Lars Dahlgren, President and
Chief Executive Officer
Phone +46 8 658 0441
Anders Larsson, Chief Financial
Officer and Senior Vice President Group Finance
Phone +46 10 139 3006
Emmett Harrison, Senior Vice
President Investor Relations
Phone +46 70 938 0173
This information is information that Swedish Match AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation
and the Securities Markets Act. The information was submitted for
publication, through the agency of the contact persons set out
above, at 08.15 a.m. CET on
July 20, 2021.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/swedish-match/r/half-year-report-january---june-2021,c3387235
The following files are available for download:
https://mb.cision.com/Main/2004/3387235/1446598.pdf
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Swedish Match Q2 2021
ENG
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SOURCE Swedish Match