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February 14, 2012
Swedish Match profit rise just misses target
Published: 27 Oct 09 14:08 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/22908/20091027/
Swedish Match posted pre-tax profits of 757 million kronor for the third quarter, slightly below analysts’ expectations for the Swedish tobacco products company.
- New law makes snus users pay more for less (3 Jan 12)
- More money for parents and less for smokers in 2012 (31 Dec 11)
- Ten Swedish brands everyone should know (8 Nov 11)
Swedish Match’s turnover climbed from 3.27 billion kronor to 3.6 billion kronor against an expected turnover of 3.65 billion.
The company expects the market for wet snuff, or ‘snus’, to expand in both Scandinavia and the United States in 2009.
“For the second half of the year, Swedish Match expects Group sales and operating profit excluding larger one-time items to exceed prior year. For the fourth quarter, Swedish Match expects that the combination of timing of shipments and promotions in the US and a weaker US dollar will bring Group operating profit below the level of the third quarter,” the company said in its report.
The company’s snus division continued to be a strong performer, with margins up to 48.8 percent from the second quarter’s reported margins of 42.6 percent and ahead of analyst forecasts of 47.6 percent, according to the Reuters news agency.
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Are we going to ban everything that is potentially bad for people? Because we wont have many fun things left in that case. You know what, let's all just go back and live in caves and slowly give away our position of dominant species on this planet to save the world from the virus we are!
So, while stubborn protestors are doing that: Good work Swedish Match. Nice products, too bad so many people are so easily influenced by every piece of crap report that says that snus is bad. Time for a nice cigar with a nice glass of whiskey, and a nice toast to enjoying life.