Swedish Match releases Q1 2022 results following $16bn takeover bid from PMI

Swedish Match’s smoke-free portfolio continued driving sales as well as increased operating profits in the first quarter of 2022, compared with the same period in 2021.

The Scandinavian group attributed this positive performance to “strong momentum for the US smoke-free business,” where Swedish Match’s nicotine pouch brand Zyn’s shipment volume grew as much as 35%, with a positive impact on sales and profit.

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