STOCKHOLM, Oct. 27, 2021 /PRNewswire/ --
Highlights for the third quarter
- Record sales with year-on-year revenue growth across product
segments, despite comparing to a prior year quarter with elevated
demand for certain product
lines.
- In local currencies, sales increased by 10 percent for the
third quarter. Reported sales increased by 9 percent to 4,778 MSEK
(4,400).
- Record operating profit from product segments, in spite of
continued ramp-up in spending behind growth opportunities for
smokefree products.
- In local currencies, operating profit from product
segments1) increased by 2 percent for the third
quarter. Reported operating profit from product segments increased
by 1 percent to 2,099 MSEK
(2,075).
- For the Smokefree product segment, continued momentum
for ZYN nicotine pouches in the US and
solid performance in Scandinavia drove increased sales and
operating
profit.
- For the Cigars product segment, increased sales of natural
leaf varieties outpaced declines for HTL cigars while operating
profit in local currency was virtually flat principally reflecting
higher production
costs.
- For the Lights product segment, robust performance for
lighters drove enhanced
earnings.
- Operating profit amounted to 2,075 MSEK (2,048) for the
third
quarter.
- Profit after tax for the third quarter amounted to 1,540
MSEK (1,222). Profit after tax for the third quarter of the prior
year included a charge of 286 MSEK following an adverse ruling in a
tax case.
- Earnings per share increased by 30 percent to 0.99 SEK (0.76) for the third quarter. Adjusted
earnings per share increased by 5 percent to 0.99 SEK (0.94).2)
- On September 14, Swedish Match
announced its intention to spin off its US cigar business to
shareholders. Subject to various conditions, the separation is
expected to be completed during the second half of 2022, at the
earliest. For more details, see the September 14 press release.
1) Excludes Other operations and larger one-time items.
2) In May 2021, a share split (10:1)
was made. Historical share data in this report has been restated in
accordance with IAS 33.
For the full
report: www.swedishmatch.com/Investors/Financial-reports/Interim-reports/
Swedish Match telephone conference
A telephone conference will be held today, Wednesday, October 27 at 1:00 p.m. (CET), (12:00
p.m. UK time). At this time we will review and comment on
the results. Participants will include Lars
Dahlgren, Anders Larsson, 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
Phone +46 8 658 0441
Anders Larsson, Chief Financial
Officer and Senior Vice President Group Finance
Phone +46 10 139 3006
Emmett Harrison, Senior Vice
President Investor Relations
Phone +46 70 938 0173
___________
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
October 27, 2021.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/swedish-match/r/interim-report-january---september-2021,c3441000
The following files are available for download:
https://mb.cision.com/Main/2004/3441000/1486779.pdf
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Swedish Match Q3 2021
ENG
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SOURCE Swedish Match