Interim Report January – March 2021
Impressive Q1 performance across all product segments · Double-digit sales and operating profit growth across all product segments in local currencies. · For the Smokefree product segment, continued momentum for ZYN drove strong US performance and in Scandinavia good underlying development was further enhanced by timing effects on shipments and COVID-19 related channel mix effects. · For Cigars, record volumes, sales and operating profit on the back of strong category growth and improved price mix. · No major operational COVID-19 related disruptions and COVID-19 related effects