Swedish Match: Interim Report January - September 2019
SWEDISH MATCH AB UNSP/ADR (SWMAY)
NASDAQ:AMEX Investor Relations:
swedishmatch.com/investors
Company Research
Source: PR Newswire
STOCKHOLM, Oct. 25, 2019 /PRNewswire/ --Q3 growth in sales and earnings driven by ZYNIn local currencies, sales increased by 8 percent for the third quarter. Reported sales increased by 13 percent to 3,829 MSEK (3,388). In local currencies, operating profit from product segments1) increased by 17 percent for the third quarter. Reported operating profit from product segments increased by 22 percent to 1,607 MSEK (1,317). Operating profit amounted to 1,586 MSEK (1,305) for the third quarter. Profit after tax amounted to 1,180 MSEK (959) for the third quarter. Earnings per share increased by 27 percent to 7.04 SEK (5.55) for the third quarter. ZYN in more than 60,000 stores in the US, and average sales per store continued to increase. Lights operating profit benefited from land and forestry asset sales. On October 22, 2019, the US FDA authorized modified risk tobacco status for eight General snus varieties. 1) Excludes Other operations.For the full report: www.swedishmatch.com/Investors/
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