WARNING: THIS PRODUCT CONTAINS NICOTINE. NICOTINE IS AN ADDICTIVE CHEMICAL
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Swedish match second-quarter revenue of $457 million was up 11% from a year earlier August 14,2020.

Blue Hole new consumption report, July 19 news, according to foreign reports, recently, The Swedish match company released the second quarter results showed strong sales growth in the second quarter, reached 4.13 billion Swedish kronor ($457.18 million), up 11% from the same period last year, after-tax profit of 12.3 billion Kronor ($13.6 million).


Operating profit from the products division rose 17 per cent to SKr1.7bn in local currency terms in the second quarter.


According to Sweden Match, the financial performance of Swedish matches in the second quarter was negatively affected by the impact of COVID-19, but the increase was mainly due to the strong performance of its smokeless pure nicotine product Zyn in the US market.


Lars Dahlgren, CHIEF executive officer of Sweden Match, said: "The strong second quarter results were largely due to the continued success of pure Nicotine pouch product Zyn in the United States, with first-half shipments exceeding all shipments in 2019."


"During the quarter, shipments from our Scandinavian smoke-free business declined from a year earlier as deliveries to travel retail and border trade outlets were severely affected by the COVID-19 travel restrictions."

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