30.3

Erik Penser Bank raises what the bank calls the justified value of the share in the betting company Kindred to SEK 200, up from the previous SEK 140.

It appears from an analysis released on Tuesday.

The bank believes that the company may surprise positively in connection with the report for the first quarter. In addition, Erik Penser believes that the company's potential in the US is not reflected in the current price level.

31.3

Nordea Markets raises the target price for Kindred to SEK 170 from SEK 140. The buy recommendation is repeated.

Swedish Match Q3 2020

https://www.swedishmatch.com/globalassets/reports/interim-reports/2020_q...

Jatketaan holdailua hyvillä mielin

Q2–HEADLINE BULLETS

on local currencies, sales increased by 11 percent for the second quarter.

Reported sales increased by 11 percent to 4,133 MSEK (3,719).on local currencies, operating profit from product segments1)increased by 19 percent for the second quarter.

Reported operating profit from product segments increased by 17 percent to 1,704 MSEK (1,456).Operating profit amounted to 1,666 MSEK (1,434) for the second quarter.

Profit after tax amounted to 1,227 MSEK (1,080) for the second quarter.

Earnings per share increased by 19 percent to 7.60 SEK (6.39) for the second quarter.

The second quarter financial performance was negatively affected by COVID-19 impacts. oZYNcontinued to deliver strong volume growth contributing to higher sales and operating profit.

https://www.swedishmatch.com/globalassets/documents/presentations/2020_q...