Cigars and snuff boost Swedish Match Q2

Record sales of cheaper cigars in the United States helped tobacco group Swedish Match (SWMA.ST) beat second-quarter earnings expectations on Wednesday, and it forecast strong growth for that product.
The company, which has benefited from demand for smokeless products as cigarette sales have fallen due to health fears, also said sales of its key snus and snuff products improved in key Scandinavian markets Norway and Sweden, but fell in the U.S. Ream more »








