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Swedish Match profit misses consensus by 18.6% in Q2

4587773 said its second-quarter normalized net income was 3.04 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 3.74 kronor per share.

EPS rose 18.6% year over year from 2.56 kronor.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 591.9 million kronor, an increase of 16.1% from 510.0 million kronor in the year-earlier period.

The normalized profit margin rose to 16.2% from 15.3% in the year-earlier period.

Total revenue climbed 9.1% on an annual basis to 3.64 billion kronor from 3.34 billion kronor, and total operating expenses grew 9.5% year over year to 2.70 billion kronor from 2.46 billion kronor.

eported net income grew 8.3% from the prior-year period Swedish Match AB