Swedish Match: Half Year Report January - June 2018

In local currencies, operating profit from product segments1) increased by 16 percent for the second quarter.

Metadata
Provider: 
PR NewswirePR Newswire
Retrieved on: 
Thursday, July 19, 2018
Information
Tags: 
Tobacco, Ivar Kreuger, Snus, Swedish Match, Smoking
Geotags: 
Sweden
Organisation: 
SWEDISH MATCH
Website: 
http://www.swedishmatch.com
Summary
Key Points: 
  • In local currencies, operating profit from product segments1) increased by 16 percent for the second quarter.
  • Reported operating profit from product segments increased by 15 percent to 1,293 MSEK (1,123).
  • Operating profit amounted to 1,263 MSEK (1,091) for the second quarter.
  • 1) Operating profit for Swedish Match product segments, which excludes Other operations and larger one-time items.


Swedish Match: Half Year Report January - June 2018

STOCKHOLM, July 19, 2018 /PRNewswire/ --

Highlights from the second quarter

  • In local currencies, sales increased by 10 percent for the second quarter. Reported sales increased by 9 percent to 3,336 MSEK (3,053).
  • In local currencies, operating profit from product segments1) increased by 16 percent for the second quarter. Reported operating profit from product segments increased by 15 percent to 1,293 MSEK (1,123).
  • Operating profit amounted to 1,263 MSEK (1,091) for the second quarter.
  • Profit after tax amounted to 928 MSEK (812) for the second quarter.
  • Earnings per share amounted to 5.31 SEK (4.48) for the second quarter. Adjusted earnings per share2) increased by 27 percent to 5.31 SEK (4.17).
  • The outlook statement on page 10 has been modified with regard to snus and nicotine pouches outside Scandinavia.

1) Operating profit for Swedish Match product segments, which excludes Other operations and larger one-time items.
2) Earnings per share adjusted to exclude income from Scandinavian Tobacco Group (STG) and larger one-time items.

For the full report: www.swedishmatch.com/Investors/Financial-reports/Interim-reports/

Swedish Match telephone conference
A telephone conference will be held today, Thursday, July 19 at 11:00 a.m. (CET), (10:00 a.m. UK time). At this time we will review and comment on the results. Participants will include Lars Dahlgren, Thomas Hayes, 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
Office: +46-8-658-0441

Thomas Hayes
Senior Vice President and Chief Financial Officer
Office: +46-8-658-0108

Emmett Harrison
Senior Vice President Investor Relations and Corporate Sustainability
Office: +46-8-658-0173

Richard Flaherty
President US Division
US Investor Relations contact
Office: +1-804-787-5130

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 19, 2018.

This information was brought to you by Cision http://news.cision.com

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SOURCE Swedish Match

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