Swedish Match reports higher earnings
Pressrelease November 4, 1996 Swedish Match reports higher earnings Expressed in local currencies, Swedish Match sales during the first nine months of 1996 increased for all divisions. Translated to Swedish krona, sales declined marginally from SEK 5,535 million to SEK 5,436 million. The effect of the stronger Swedish krona on sales value was negative of approx. 350 million. Operating income before nonrecurring items rose 19 percent to SEK 1,223 million, from SEK 1,032 million during the first nine months of 1995. All divisions reported earnings improvements. Income before taxes and