STOCKHOLM, Feb. 16, 2022 /PRNewswire/ --
Highlights for the full year and the fourth quarter
- Record full year sales and operating profit with
double-digit growth in both revenues and earnings in local
currencies across all product segments.
- Impressive performance for the Smokefree product segment
with strong growth in both the US and Scandinavia. Growing demand
for natural leaf cigars drove the robust full year local currency
financial performance for the Cigars product segment. Strong
underlying performance for the Lights product segment.
- Strong financial performance in the fourth quarter driven by
Smokefree with continued strength in both the US and in
Scandinavia. Sales and earnings decline for Cigars, impacted by
production constraints. Increased sales and earnings for
Lights.
- In local currencies, sales increased by 16 percent for the
full year and by 12 percent for the fourth quarter. Reported sales
increased by 11 percent to 18,489 MSEK (16,698) for the full year
and by 15 percent to 4,751 MSEK (4,136) for the fourth
quarter.
- In local currencies, operating profit from product
segments1) increased by 19 percent for the full
year and by 11 percent for the fourth quarter. Reported operating
profit from product segments increased by 14 percent to 8,136 MSEK
(7,160) for the full year and by 15 percent to 1,957 MSEK (1,695)
for the fourth quarter.
- Operating profit amounted to 8,286 MSEK (6,991) for the full
year and to 1,901 MSEK (1,650) for the fourth quarter.
- Profit after tax amounted to 6,218 MSEK (4,888) for the full
year and to 1,457 MSEK (1,244) for the fourth quarter. Profit after
tax of the prior year included a charge of 286 MSEK following an
adverse ruling in a tax case.
- Earnings per share increased by 31 percent to 3.97 SEK (3.04) for the full year and by 21
percent to 0.94 SEK (0.78) for the
fourth quarter. Adjusted earnings per share increased by 19 percent
to 3.82 SEK (3.22) for the full year
and by 21 percent to 0.94 SEK (0.78)
for the fourth quarter.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.
- The Board proposes to increase the dividend to 1.86 SEK per share, to be paid in two
installments; 0.93 SEK per share in
May 2022 and 0.93 SEK per share in November 2022.
- The outlook for 2022 can be found on page 13.
1) Excludes Other operations and larger one-time items.
2) A share split (10:1) was made in May
2021. 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, February 16 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
February 16, 2022.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/swedish-match/r/full-year-report-january---december-2021,c3507457
The following files are available for download:
https://mb.cision.com/Main/2004/3507457/1535678.pdf
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Swedish Match Q4 2021
ENG
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SOURCE Swedish Match