STOCKHOLM, Feb. 12, 2020 /PRNewswire/ --
Record year for sales and operating profit from product
segments
- In local currencies, sales increased by 15 percent for the
fourth quarter and by 8 percent for the full year. Reported sales
increased by 19 percent to 3,933 MSEK (3,301) for the fourth
quarter and by 14 percent to 14,739 MSEK (12,966) for the full
year.
- In local currencies, operating profit from product
segments1) increased by 18 percent for the fourth
quarter and by 13 percent for the full year. Reported operating
profit from product segments increased by 22 percent to 1,525 MSEK
(1,246) for the fourth quarter and by 18 percent to 5,828 MSEK
(4,936) for the full
year.
- Operating profit, which includes a non-cash impairment
charge of 367 MSEK related to the European chewing tobacco business
(see Note 5), amounted to 1,098 MSEK (1,196) for the fourth quarter
and to 5,307 MSEK (4,812) for the full
year.
- Profit after tax amounted to 756 MSEK (925) for the fourth
quarter and to 3,896 MSEK (3,578) for the full
year.
- Earnings per share amounted to 4.62
SEK (5.41) for the fourth quarter and to 23.22 SEK (20.63) for the full year. Adjusted
earnings per share increased by 26 percent to 6.81 SEK (5.41) for the fourth quarter and by 23
percent to 25.41 SEK (20.63) for the
full
year.
- ZYN available in approximately 67,000
stores in the US, and average sales per store continued to increase
sequentially.
- The Board proposes an increased dividend of 12.50 SEK per
share.
- The outlook for 2020 can be found on page 13.
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, Wednesday, February 12 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
February 12, 2020.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/swedish-match/r/full-year-report-january---december-2019,c3033162
The following files are available for download:
https://mb.cision.com/Main/2004/3033162/1192234.pdf
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SOURCE Swedish Match