Interim Report January – September 2021

Highlights for the third quarter · Record sales with year-on-year revenue growth across product segments, despite comparing to a prior year quarter with elevated demand for certain product lines. · In local currencies, sales increased by 10 percent for the third quarter. Reported sales increased by 9 percent to 4,778 MSEK (4,400). · Record operating profit from product segments, in spite of continued ramp-up in spending behind growth opportunities for smokefree products. · In local currencies, operating profit from product segments[1)] increased by 2 percent for the third