Interim report
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• *** Swedish Match . Q1 2021 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 in aggregate are estimated to have elevated the reported financial performance . In local currencies , sales increased by 23 percent for the first quarter . Reported sales increased by 11 percent to 4,455 MSEK ( 4,029 ) . In local currencies , operating profit from product segments¹ ) increased by 40 percent for the first quarter . Reported operating profit from product segments increased by 26 percent to 2,092 MSEK ( 1,659 ) . Operating profit , which includes a settlement income of 300 MSEK related to a previously ongoing arbitration concerning nicotine pouches , amounted to 2,354 MSEK ( 1,601 ) for the first quarter . Profit after tax amounted to 1,780 MSEK ( 1,168 ) for the first quarter . Earnings per share increased by 57 percent to 11.25 SEK ( 7.18 ) for the first quarter . Adjusted earnings per share² ) increased by 36 percent to 9.74 SEK ( 7.18 ) for the first quarter . 1 ) Excludes Other operations and larger one - time items . 2 ) Excludes larger one - time items net of tax . XR SLIM PORTION XR SLIM WHITE RECYCLABLE CAN XR RASPBERRY & L SLIM WHORICE ECYCLABLE CAN