Half Year Report January – June 2021

Highlights for the second quarter · Double-digit sales and operating profit growth across all product segments in local currencies. · In local currencies, sales increased by 19 percent for the second quarter. Reported sales increased by 9 percent to 4,505 MSEK (4,133). · In local currencies, operating profit from product segments[1)] increased by 27 percent for the second quarter. Reported operating profit from product segments increased by 15 percent to 1,988 MSEK (1,731). · For the Smokefree product segment, continued momentum for ZYN in the US drove the financial performance.