Q2 update: Sales are up 4% in local currencies and +8% on reported figures. The operating margin was up 20bp yoy (25.9%). By division, snus sales were up +2% in local currencies and +5% on reported figures with a surprisingly good margin progression qoq to 42%. SWMA’s underlying snus volumes progressed 1% in Scandinavia. Other tobacco products recorded a strong 13% increase in sales in local currencies and +21% on reported figures, driven by cigars. The operating margin for the division
21 Jul 2017
Q2 above expectations
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Q2 above expectations
- Published:
21 Jul 2017 -
Author:
Anna Zyniewicz -
Pages:
2
Q2 update: Sales are up 4% in local currencies and +8% on reported figures. The operating margin was up 20bp yoy (25.9%). By division, snus sales were up +2% in local currencies and +5% on reported figures with a surprisingly good margin progression qoq to 42%. SWMA’s underlying snus volumes progressed 1% in Scandinavia. Other tobacco products recorded a strong 13% increase in sales in local currencies and +21% on reported figures, driven by cigars. The operating margin for the division