Half Year Report January - June 2021: Swedish Match
SWEDISH MATCH AB UNSP/ADR (SWMAY)
NASDAQ:AMEX Investor Relations:
swedishmatch.com/investors
Company Research
Source: PR Newswire
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 wi
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