Sales up at Swedish Match

Swedish Match’s sales during the second quarter to the end of June, at SEK3,220 million, were up by 3 percent on those of the second quarter of 2012.

But operating profit (including SM’s share of net profit from the Scandinavian Tobacco Group and larger one-off items) fell by 11 percent to SEK1,082 million, while basic earnings per share, excluding larger one-off items, was down by 6.7 percent to SEK3.33.