STOCKHOLM, Oct. 25, 2019 /PRNewswire/ --
Q3 growth in sales and earnings driven by
ZYN
- In 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/Financial-reports/Interim-reports/
Swedish Match telephone conference
A telephone conference will be held today, Friday, October 25 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/
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
Office +46-70-938-0173
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
October 25, 2019.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/swedish-match/r/interim-report-january---september-2019,c2941065
The following files are available for download:
https://mb.cision.com/Main/2004/2941065/1129479.pdf
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SOURCE Swedish Match