Swedish Match: Half Year Report January - June 2018

STOCKHOLM, July 19, 2018

Highlights from the second quarter

• In local currencies, sales increased by 10 percent for the second quarter. Reported sales increased by 9 percent to 3,336 MSEK (3,053).
• In local currencies, operating profit from product segments1) increased by 16 percent for the second quarter. Reported operating profit from product segments increased by 15 percent to 1,293 MSEK (1,123).
• Operating profit amounted to 1,263 MSEK (1,091) for the second quarter.
• Profit after tax amounted to 928 MSEK (812) for the second quarter.
• Earnings per share amounted to 5.31 SEK (4.48) for the second quarter. Adjusted earnings per share2) increased by 27 percent to 5.31 SEK (4.17).
• The outlook statement on page 10 has been modified with regard to snus and nicotine pouches outside Scandinavia.

1) Operating profit for Swedish Match product segments, which excludes Other operations and larger one-time items.
2) Earnings per share adjusted to exclude income from Scandinavian Tobacco Group (STG) 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, Thursday, July 19 at 11:00 a.m. (CET), (10:00 a.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/