Swedish Match AB Guides FY13 Op profit in US cigars to be more 'uncertain' and 'modest'
- During recent months, competitive activities for US cigars have intensified further, which has resulted in lower than expected volumes and operating profit for our US mass market cigar business in the third quarter. - Given this development, we now anticipate operating profit for the Other tobacco products segment in the third quarter to be in the range of 50-60 MSEK below the third quarter of the prior year. As a result 2013 full year operating profit for Other tobacco products will also be below the level of 2012, driven by a decline in our mass market cigar business.