|Day's range||293.10 - 296.40|
|52-week range||269.10 - 318.90|
|PE ratio (TTM)||11.82|
|Earnings date||21 Jul 2017|
|Dividend & yield||0.00 (0.00%)|
|1y target est||292.94|
Q1 2017 Swedish Match AB Earnings Call
Tobacco group Swedish Match (LSE: 0GO4.L - news) 's first-quarter core profit rose more than expected, helped by higher U.S. cigar volumes and lower marketing spending on its Swedish-style wet snuff "snus" in that country. Swedish Match is expanding rapidly in the United States with machine-made cigars, and it is also hoping for a snus break-through there, as a spike in snus competition in core market Sweden challenges its dominant position and erodes margins. First (Other OTC: FSTC - news) -quarter operating profit from its product areas grew to 994 million crowns ($113 million) against a Reuters poll forecast of 977 million and up from 939 million a year ago.
STOCKHOLM, May 08, 2017 /PRNewswire/ -- Sales increased by 6 percent to 3,775 MSEK (3,557) for the first quarter. In local currencies, sales increased by 3 percent. Operating profit from product areas1) ...