STOCKHOLM, July 22,
2022 /PRNewswire/ --
- Group sales and operating profit increased strongly on the
back of continued solid momentum for the US smokefree business and
currency tailwind.
- Group sales increased by 23 percent to 5,561 MSEK (4,505).
In local currencies, Group sales increased by 11 percent for the
second quarter.
- Group operating profit increased to 2,227 MSEK
(1,956).
- Operating profit from product segments increased by 14
percent to 2,271 MSEK (1,988). In local currencies, operating
profit from product segments1) increased by 1 percent
for the second quarter.
- In local currencies, operating profit grew by 14 percent for
the Smokefree product segment despite higher market investments
across geographies to support future growth. For the Cigars product
segment, operating profit declined, impacted by lower volumes. For
Lights, underlying operating profit increased, but items of
temporary nature drove a decline in reported operating
profit.
- Profit after tax increased to 1,624 MSEK (1,441).
- Earnings per share increased by 17 percent to 1.07 SEK (0.92).
- The full year outlook for 2022, found on page 14, has been
updated based on developments during the first six months.
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, Friday, July 22 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, 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
Johan Levén, Investor Relations and Business Analysis
Manager
Phone +46 70 207 2116
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 22, 2022.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/swedish-match/r/half-year-report-january---june-2022,c3604177
The following files are available for download:
https://mb.cision.com/Main/2004/3604177/1606674.pdf
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SOURCE Swedish Match