Swedish Match: cigar margin may top expectations

  • CEO says market may be too pessimistic on cigar margins
  • Says plans to raise prices in Sweden in last week in June
  • Expects some pressure on margins for snuff
  • Credit markets improving, plans more buybacks this yr

By Mia Shanley

STOCKHOLM, June 5 (Reuters) – Swedish Match’s cigar business may be more profitable in the second quarter than analysts expect, its CEO said, after a strong first three months of the year when buyers hoarded supplies to beat a U.S. tax hike.

Lars Dahlgren, chief executive of the

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