Full Year Report January – December 2018

Q4: Strong sales and volumes for smokeless products · In local currencies, sales increased by 7 percent for the fourth quarter and by 9 percent for the full year. Reported sales increased by 12 percent to 3,301 MSEK (2,951) for the fourth quarter and by 10 percent to 12,966 MSEK (11,751) for the full year. · In local currencies, operating profit from product segments1) increased by 8 percent for the fourth quarter and by 12 percent for the full year. Reported operating profit from product segments increased by 14 percent to 1,246 MSEK (1,096) for the fourth quarter and by 14 percent