Swedish Match: Interim Report January - March 2020
SWEDISH MATCH AB UNSP/ADR (SWMAY)
NASDAQ:AMEX Investor Relations:
swedishmatch.com/investors
Company Research
Source: PR Newswire
STOCKHOLM, April 27, 2020 /PRNewswire/ -- Record quarter from product segments, driven by US businessesIn 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 7.14 SEK (5.17) for the first quarter. 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 continue
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