Swedish Match: Interim Report January - September 2019

STOCKHOLM, Oct. 25, 2019

Q3 growth in sales and earnings driven by ZYN

• In local currencies, sales increased by 8 percent for the third quarter. Reported sales increased by 13 percent to 3,829 MSEK (3,388).
• In local currencies, operating profit from product segments1) increased by 17 percent for the third quarter. Reported operating profit from product segments increased by 22 percent to 1,607 MSEK (1,317).
• Operating profit amounted to 1,586 MSEK (1,305) for the third quarter.
• Profit after tax amounted to 1,180 MSEK (959) for the third quarter.
• Earnings per share increased by 27 percent to 7.04 SEK (5.55) for the third quarter.
• ZYN in more than 60,000 stores in the US, and average sales per store continued to increase.
• Lights operating profit benefited from land and forestry asset sales.
• On October 22, 2019, the US FDA authorized modified risk tobacco status for eight General snus varieties.

1) Excludes Other operations.

For the full report: www.swedishmatch.com/Investors/Financial-reports/Interim-reports/

Swedish Match telephone conference

A telephone conference will be held today, Friday, October 25 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/