Profits Up

Swedish Match’s third quarter 2019 operating profits were up 21.4 percent, strengthened by sales growth from its Zyn tobacco-free nicotine pouch product. Operating profits for the quarter were SKR1.59 billion, up from SKR1.31 billion in the third quarter of 2018.

Shipments of Zyn in the U.S. amounted to 31 million cans during the first nine months, up from 8.5 million cans in the prior year, according to Swedish Match.