Swedish Match lands profit beat but sees pandemic hit ahead

STOCKHOLM (Reuters) - Tobacco group Swedish Match posted on Monday a bigger than expected rise in first-quarter profit but said the COVID-19 pandemic would hit results in the second quarter due to travel restrictions as well as a hangover from previous stockpiling.Swedish Match's biggest businesses are its moist snuff "snus" in Scandinavia and cigars in the United States though its relatively new non-tobacco pouch product "ZYN", which it is rolling out across the United States, is growing..