Q1 update: sales were up +3% in local currencies and +6% in reported figures. The operating profit was up +1% in local currencies and +6% in reported figures. The operating margin was flattish for the period. By division, Snus & snuff sales were up 3.6% (+1% in local currencies) with the operating margin down 70bp yoy, impacted by a negative price/ mix due to the excise tax increase in Scandinavia. Other tobacco products had a good quarter with sales progressing +13% (+7% in local currenc
09 May 2017
Q1 looks alright
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Q1 looks alright
- Published:
09 May 2017 -
Author:
Anna Zyniewicz -
Pages:
2
Q1 update: sales were up +3% in local currencies and +6% in reported figures. The operating profit was up +1% in local currencies and +6% in reported figures. The operating margin was flattish for the period. By division, Snus & snuff sales were up 3.6% (+1% in local currencies) with the operating margin down 70bp yoy, impacted by a negative price/ mix due to the excise tax increase in Scandinavia. Other tobacco products had a good quarter with sales progressing +13% (+7% in local currenc