SM’s sales up in second quarter

Swedish Match’s sales during the second quarter to the end of June, at SEK3,339 million, were up by four per cent on those of the second quarter of 2013, SEK3,220 million.

But operating profit, excluding SM’s share of net profit from the Scandinavian Tobacco Group (STG) and larger one-off items, fell by one per cent to SEK941 million, while operating profit including SM’s share from the STG and larger one-off items, fell by 2.8  per cent to SEK941 million.

Basic earnings per share were down by 2.0 per cent to SEK3.27.