STOCKHOLM, April 27, 2020 /PRNewswire/ -- Record quarter
from product segments, driven by US businesses
- In 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 continued to
increase sequentially.
1) Excludes Other operations 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, Monday, April 27 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, 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/
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
April 27, 2020.
CONTACT:
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
Office: +46-70-938-0173
Richard Flaherty
President US Division, US Investor Relations contact
Office: +1-804-787-5130
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/swedish-match/r/interim-report-january---march-2020,c3097262
The following files are available for download:
https://mb.cision.com/Main/2004/3097262/1236395.pdf
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SOURCE Swedish Match