STOCKHOLM, May 11, 2022
/PRNewswire/ --
Highlights for the first quarter
- Sales and operating profit from product segments increased
on the back of continued strong momentum for the US smokefree
business.
- Group sales increased by 10 percent to 4,892 MSEK (4,455).
In local currencies, sales increased by 2 percent for the first
quarter.
- Operating profit from product segments increased by 1
percent to 2,115 MSEK (2,092). In local currencies, operating
profit from product segments1) decreased by 7
percent for the first quarter.
- Within the Smokefree segment,
ZYN nicotine pouches in the US continued to
gain market shares on a sequential basis and demonstrated solid
sales and profit growth. In Scandinavia, sales grew strongly on an
underlying basis, while operating profit declined reflecting higher
market investments and an unusually high result in the prior year
period.
- For the Cigars product segment, sales and operating profit
declined on lower volumes and higher production costs when
comparing to the exceptionally strong first quarter of the prior
year. Swedish Match increased its cigar market
share2) sequentially relative to the fourth quarter
of 2021.
- For the Lights product segment, impressive performance for
matches drove robust top-line development. Solid operating profit
despite steep price increases on input materials.
- Group operating profit amounted to 2,024 MSEK (2,354). The
prior year period included a settlement income of 300
MSEK.
- Profit after tax amounted to 1,493 MSEK (1,780).
- Adjusted earnings per share3) increased to
0.98 SEK (0.97). Earnings per share
for the quarter decreased by 13 percent to 0.98 SEK (1.12) with the after-tax effect of the
settlement income in the prior year period amounting to
0.15 SEK per share.
1) Excludes Other operations and larger one-time
items.
2) Based on MSA distributor shipments: Mass market cigars
(excluding little cigars) in volume terms.
3) Excludes larger one-time items net of tax.
For the full
report: www.swedishmatch.com/Investors/Financial-reports/Interim-reports/
Swedish Match telephone conference
A telephone conference will be held today, Wednesday, May 11 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
May 11, 2022.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/swedish-match/r/interim-report-january---march-2022,c3564642
The following files are available for download:
https://mb.cision.com/Main/2004/3564642/1577857.pdf
|
Swedish Match Q1 2022
ENG
|
View original
content:https://www.prnewswire.com/news-releases/swedish-match-interim-report-january--march-2022-301544698.html
SOURCE Swedish Match