Swedish Match : Interim Report January – March 2

Swedish Match : Interim Report January – March 2021


Interim Report January - March 2021
Impressive Q1 performance across all product segments​
Double-digit sales and operating profit growth across all product segments in local currencies.​
For the Smokefree product segment, continued momentum for
ZYN drove strong US performance and in Scandinavia good underlying development was further enhanced by timing effects on shipments and COVID-19 related channel mix effects.​
For Cigars, record volumes, sales and operating profit on the back of strong category growth and improved price mix.​
No major operational COVID-19 related disruptions and COVID-19 related effects in aggregate are estimated to have elevated the reported financial performance.
In local currencies, sales increased by 23 percent for the first quarter. Reported sales increased by 11 percent to 4,455 MSEK (4,029).

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