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Home News Swedish Match Q3 boosted by cigar and snuff sales

Swedish Match Q3 boosted by cigar and snuff sales

Thursday, October 28 2010

Swedish Match logoBy Johan Ahlander and Rebecca Roos

STOCKHOLM, Oct 27 (Reuters) - Rising sales of cigars and snuff helped tobacco products group Swedish Match AB (SWMA.ST) achieve a 20 percent rise in third-quarter earnings, and it said it expects demand for smokeless products to rise.

The company said it expects both the snuff market in Scandinavia and the snuff market in the United States to continue to grow. Demand for smokeless products is rising as cigarette sales have fallen due to health fears.

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