January–March 2008

Interim Report

8 Net sales for the first quarter amounted to 2,818 MSEK (2,663)

8 In local currencies, net sales for the first quarter increased by 10 percent

8 Operating profit for the first quarter amounted to 543 MSEK (534)

8 Net profit for the first quarter amounted to 341 MSEK (332)

8 EPS for the first quarter amounted to 1.34 SEK (1.23)

8 Significantly improved profitability in the Scandinavian snus business compared to

the first quarter previous year

8 US cigar business had a weak first quarter but sales and operating profit are

expected to improve for the remainder of the year

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