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Swedish Match AB has canceled 55,000,000 treasury shares as per the resolution from the Annual General Meeting on April 27, 2022. This action keeps the share capital unchanged at 13,559,080.98 SEK. Simultaneously, share capital was increased by transferring from non-restricted shareholders' equity to maintain the previous balance. As of May 31, 2022, the total number of shares stands at 1,525,000,000, including treasury shares. This adjustment reflects the company's strategic management of its share capital.
Swedish Match reported a 10% increase in group sales for Q1 2022, totaling 4,892 MSEK, attributed to strong smokefree product demand, particularly ZYN nicotine pouches in the US. However, operating profit from product segments saw a slight 1% increase to 2,115 MSEK, with a 7% decrease in local currencies. Notably, profit after tax fell to 1,493 MSEK, down from 1,780 MSEK. The cigar and lights segments faced challenges, with sales and profits declining in cigars due to lower volumes and increased costs.
Swedish Match reported strong Q1 2021 results, achieving double-digit growth in sales and operating profit across all product segments. Key highlights include:
- Sales increased by 23% in local currencies, reaching 4,455 MSEK.
- Operating profit climbed 40% in local currencies to 2,092 MSEK.
- Profit after tax rose to 1,780 MSEK, a significant increase.
- Earnings per share jumped 57% to 11.25 SEK.
No major COVID-19 disruptions were reported, and the company benefited from favorable shipment timing.
Swedish Match has published its annual report for 2020, detailing its operations, strategy, and financial development. The report is accessible for download on the company's website. This document is vital for investors seeking insights into the company's performance over the past year.
The information was made public in compliance with the Securities Markets Act on March 16, 2021, at 3:00 p.m. CET. For further details, interested parties can access the full report at www.swedishmatch.com/annual-report-2020/.
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