Swedish Match AB (SWMAY.PK), a Swedish tobacco company, on Wednesday posted a rise in its earnings for the fiscal 2021, amidst a rise in sales, mainly driven by Smokefree segmental revenue, with continued strength in both the US and Scandinavian markets.
For the year-ended in December 2021, the Stockholm-headquartered firm posted a pre-tax profit of 7.94 billion Swedish kronor, versus last year's 6.64 billion kronor. The Group's annual profit was 6.22 billion kronor, compared to 4.88 billion kronor a year ago.
Earnings per share was reported at 3.97 kronor and adjusted earnings share at 3.82 kronor. This compares to last year's earnings per share and adjusted earnings per share of 3.04 kronor and 3.22 kronor, respectively.
Operating profit for the 12-month period rose by 19 percent, to 8.28 billion Swedish kronor.
While EBITA for the period rose to 8.06 billion kronor from 7.06 billion kronor, EBITDA grew to 8.60 billion kronor from 7.58 billion kronor last year.
The company said it proposes for an increase in dividend amounting to 1.86 kronor per share, to be paid in two installments.
For the 12-month period to December, the Swedish company's sales climbed by 11 percent, to 18.48 billion kronor.
Smoke free segment of the tobacco firm reported a rise in sales by 14 percent to 12.12 billion kronor. Smoke free segmental sales in the US climbed by 16 percent, whereas in Scandinavian markets, including Sweden, Norway, and Denmark, the company registered a sales growth of 11 percent.
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