Income statement

View data according to IFRS or earlier data according to Swedish GAAP until 2004 by clicking the tabs below. Show earlier data by clicking the arrow in the table header.

SEK millionQ4/16Q3/16Q2/16Q1/16Q4/15Q3/15Q2/15Q1/15Q4/14Q3/14Q2/14Q1/14Q4/13Q3/13Q2/13Q1/13Q4/12Q3/12Q2/12Q1/12Q4/11Q3/11Q2/11Q1/11Q4/10Q3/10Q2/10Q1/10Q4/09Q3/09Q2/09Q1/09Q4/08Q3/08Q2/08Q1/08Q4/07Q3/07Q2/07Q1/07Q4/06Q3/06Q2/06Q1/06Q4/05Q3/05Q2/05Q1/05Q4/04Q3/04Q2/04Q1/04
Sales3,9574,1183,9203,5573,7193,7563,6443,3683,5363,4163,3393,0143,1783,2303,2202,9823,1483,2083,2132,9173,0643,0112,9442,6462,8013,8233,7013,2823,5453,6063,6663,3873,4803,2743,1642,6933,3593,1262,9542,5313,4573,2613,2422,9513,5003,4613,3842,9673,2113,4193,3763,002
Cost of goods sold-2,116-2,222-2,115-1,872-2,005-2,011-1,929-1,752-1,910-1,853-1,784-1,561-1,698-1,749-1,673-1,527-1,586-1,617-1,558-1,376-1,515-1,495-1,467-1,298-1,338-1,896-1,805-1,624-1,835-1,843-1,812-1,624-1,747-1,663-1,633-1,395-1,798-1,641-1,548-1,308-1,877-1,675-1,657-1,456-1,959-1,848-1,842-1,629-1,843-1,804-1,864-1,585
1,4781,478
Gross profit1,8411,8961,8041,6851,7141,7451,7151,6151,6271,5631,5551,4521,4811,4811,5461,4551,5621,5911,6551,5411,5491,5161,4781,3481,4631,9271,8961,6581,7101,7641,8541,7621,7331,6111,5311,2981,5611,4851,4061,2231,5811,5861,5841,4951,5401,6121,5421,3381,3671,6151,5121,417
Selling and administrative expenses-889-808-798-745-808-745-771-741-710-675-681-637-633-638-668-618-667-640-710-635-648-604-647-617-621-878-955-902-860-892-958-970-930-808-846-799-822-789-794-738-772-780-805-774-869-860-901-802-861-913-925-901
Share of profit/loss in associated companies and joint ventures 256556626611914075101674384818735917210766120717462-6514-20342455-3-1020335154622-10-1
Net gain from pension settlement------------------------59---------------------------
Capital gain from transfer of businesses to STG------------------30-----585---------------------------
Pension curtailment gain------------------------------------------148---------
Gain on sale of subsidiary and related assets--------------------------------73-------------------
Gain on sale of real estate------------------------------------267--------206------
Income from settlement with UST--------------------------------------------------1041,417
Writedowns in match operations--------------------------------------------------150--
Relocation of distribution facilities -------42-----------------------
Capital gain from sale of land--------------2159----------------------------------90--
Sale of STG shares -648-560------------------------------------------------
Sale of distribution facility---145------------------------------------------------
Gain on fair value of STG shares-902--------------------------------------------------
Operating profit9542,6941,0611,7119081,0651,0211,0149929899418589329249681,0319861,0221,0829721,0229839047931,4211,0499457558508748997948808086914961,0056966144858118099337336789626475385084626911,932
Finance income231510996445788998810111268109108658103514274139334053293432150362632311522267496025
Finance costs-109-165-100-116-137-111-119-118-137-134-133-134-137-151-146-144-146-152-151-140-142-140-140-138-207-134-134-115-121-152-122-135-137-154-150-153-138-133-116-99-107-103-77-68-67-55-55-46-74-73-87-72
Profit before income tax8682,5459711,6047809609069008618628167328047828308958508819428388888537736651,2219218166497397577916867846935743839205925324188547428826976429226145184414386641,886
Income tax expense-206-239-220-200-145-219-200-179-161-167-165-152-128-154-163-154-63-188-183-170-183-169-157-132-148-192-180-130-143-142-168-159-97-72-95-78-177-147-116-124-251-113-264-209-186-353-209-172-145-213-247-740
Profit for the period from continuing operations6622,3067521,4046367417057217006956515806756286677417876937596687056846165331,074729637519595615624527687621479304743445416294------------
Discontinued operations
Profit from discontinued operations, net after tax-----------------------------70541404150384248462538------------
Profit for the period6622,3067521,4046367417057217006956515806756286677417876937596687056846165331,0747296375195951,3196645677286715173467914914413326036286174884565694053472972254171,146
Attributable to:
Equity holders of the Parent6622,3067511,4046367417057217006956515806756296677407876937596677056846155331,0737296365195951,3196645677286715173467914914413326036286174884565694043402732063971,136
Non-controlling interests0000000000000-1000000000000000000000000000000002723192010
Profit for the period6622,3067521,4046367417057217006956515806756286677417876937596687056846165331,0747296375195951,3196645677286715173467914914413326036286174884565694053472972254171,146

Figures for 2006 and earlier historical data have not been restated to reflect sale of South African operations

SEK million2016201520142013201220112010200920082007200620052004
Sales. including tobacco tax28,48227,43825,90824,99125,44923,66225,06225,48322,79321,79720,90921,01721,705
Less tobacco tax-12,932-12,952-12,603-12,381-12,963-11,997-11,456-11,279-10,182-9,827-8,635-8,350-8,698
Sales15,55114,48613,30512,61012,48611,66613,60614,20412,61111,97012,27312,66713,007
Cost of goods sold-8,325-7,697-7,109-6,647-6,138-5,774-6,662-7,114-6,437-6,295-6,388-6,983-7,246
Gross profit7,2266,7896,1975,9636,3495,8926,9447,0896,1745,6755,8855,6855,761
Selling and administrative expenses-3,240-3,065-2,703-2,566-2,653-2,516-3,356-3,681-3,384-3,144-2,999-3,339-3,690
Share of net profit/loss in associated companies and joint venture 180327285287337327-621011111181
Net gain from pension settlement------59------
Capital gain from transfer of businesses to STG----30-585------
Gain on sale of subsidiary and related assets--------73----
Gain on sale of real estate---------267-206-
Pension curtailment gain----------148--
Settlement income with UST------------1,521
Relocation of distribution facilities --42-----------
Capital gain from sale of land---161---------
Sale of STG shares 1,208------------
Gain on fair value of STG shares902------------
Sale of distribution facility145------------
Operating profit6,4204,0083,7803,8554,0623,7024,1693,4172,8742,8003,0462,5693,593
Finance income532227343837278615414822779106
Finance costs-484-486-537-578-589-560-590-529-595-486-335-202-270
Net finance cost-431-463-510-544-551-523-562-443-441-338-109-124-164
Profit before income tax5,9883,5453,2703,3103,5113,1803,6072,9742,4332,4622,9372,4453,429
Income tax expense-865-742-644-600-604-642-649-613-342-564-792-871-1,345
Profit for the year from continuing operations5,1232,8032,6262,7112,9072,5382,9582,3612,0911,8982,1451,574-
Discontinued operations
Profit from discontinued operations. net after tax-----785170157190203-
Profit for the year5,1232,8032,6262,7112,9072,5382,9583,1462,2612,0562,3351,7772,084
Attributable to:
Equity holders of the Parent5,1232,8032,6252,7122,9062,5382,9573,1462,2612,0552,3351,7692,011
Non-controlling interests000-10111111972
Profit for the year5,1232,8032,6262,7112,9072,5382,9583,1462,2612,0562,3351,7772,084
Earnings per share. basic. SEK
From continuing operations27.3814.4813.2313.6314.3312.1413.129.678.307.227.474.97-
Including discontinued operations-------12.888.987.828.135.616.18
Earnings per share. diluted. SEK
From continuing operations27.3814.4813.2213.6114.2512.0713.099.668.297.207.444.95-
Including discontinued operations-------12.878.967.808.105.596.15

Discontinued operations pertain to South African operations divested on July 2. 2009. 2004 and 2005 are not restated.

Sale of distribution facility

SEK million200420032002200120001999199819971996
Net sales, including tobacco tax21,70521,84122,59922,42819,83116,95315,91515,23115,007
Less tobacco tax-8,698-8,805-8,956-8,793-8,298-7,533-7,721-7,766-7,591
Net sales13,00713,03613,64313,63511,5339,4208,1947,4657,416
Cost of goods sold-7,262-7,103-7,451-7,627-6,647-5,138-4,096-3,615-3,653
Gross profit5,7455,9336,1926,0084,8864,2824,0983,8503,763
Selling expenses-2,238-2,258-2,362-2,475-1,925-1,746-1,941-1,572-1,352
Administrative expenses-1,678-1,156-1,125-1,027-836-791-737-700-729
Other operating income2423521926731578430
Other operating expenses-5-19-13-19-1-13-15-34-5
Net selling, administrative and other expenses-3,897-3,410-3,448-3,502-2,736-2,477-2,536-2,222-2,056
Share of earnings in associated companies12022281743111716
Amortization of intangible assets--319-327-341-281-159-84-59-
Major one time items1,521--68-80-3,707-108--123
Operating income3,3702,2242,3712,1131,8865,3961,3811,5861,600
Interest income1032291081212521921004897
Interest expenses-266-283-337-407-427-323-182-65-178
Net interest expenses-163-54-229-286-175-131-82-17-81
Exchange rate differences and other financial items-14-1613-115-41-1111
Item affecting comparability-------60--
Income after financial items3,2062,1742,1261,8401,7105,2801,1981,5581,530
Taxes-1,314-572-648-589-556-638-482-512-439
Minority interests-64-44-49-23-101410-118
Net income1,8281,5581,4291,2281,1444,6567261,0451,109
Earnings per share, basic, SEK
  excluding major one time items3.644.684.233.542.762.261.922.152.48
  including major one time items5.614.684.103.402.7610.561.562.152.28

* As of 2001 Swedish Match applies the Swedish Financial Accounting Standards Council's new recommendation RR 9 Income taxes.

The financial data for 2000 has been restated according to the new principles.

SEK millionQ4/04Q3/04Q2/04Q1/04Q4/03Q3/03Q2/03Q1/03Q4/02Q3/02Q2/02Q1/02Q4/01Q3/01Q2/01Q1/01Q4/00Q3/00Q2/00Q1/00Q4/99Q3/99Q2/99Q1/99Q4/98Q3/98Q2/98Q1/98Q4/97Q3/97Q2/97Q1/97
Net sales3,2103,4203,3753,0023,3443,4123,2743,0063,3263,4673,5333,3173,5303,5413,4953,0693,1963,0722,8712,3942,5622,4182,3182,1222,1572,2231,9751,8391,8851,9541,9421,684
Cost of goods sold-1,841-1,813-1,870-1,588-1,884-1,833-1,769-1,617-1,826-1,939-1,921-1,765-1,991-1,957-1,941-1,738-1,832-1,776-1,654-1,385-1,443-1,413-1,206-1,076-1,048-1,162-992-894-881-959-968-807
1,3891,3891,3891,3891,3891,3891,389000000000
Gross profit1,3691,6071,5051,4141,4601,5791,5051,3891,5001,5281,6121,5521,5391,5841,5541,3311,3641,2961,2171,0091,1191,0051,1121,0461,1091,0619839451,004995974877
Selling, administrative and other expenses-910-967-977-953-935-958-955-881-931-914-978-952-960-1,026-1,005-852-861-800-754-602-748-609-670-611-715-669-640-596-622-540-571-548
Share of earnings in associated companies200-16338566564612-348827112323333545
Income from settlement with UST--1041,417----------------------------
Writedowns in match operations--150------------------------------
Provision for acq. of shares in Wimco Ltd--90------------------------------
Other major one time items ----------68----80-------3954,102---60--48-----
000000000000000
Operating income4614006321,87753162455351657455264060558548255549150050047141534,509444438336395298352385460407334
Net interest expense-50-32-39-42-44-5078-38-37-59-69-64-68-81-70-67-67-57-41-10-38-24-45-24-26-39-13-4-4-6-4-3
Other financial items, net-17812-4-1-5-919-6-1-2-7-8002107-3-5-1512513-6-22-6-7-18-17321
Items affecting comparability---------------------------60-----
0000000000000000
Income after financial items3943766051,831486569622497531492569534509401485445433450427400-504,497404429304334219341363437406352
Taxes-140-203-239-732-145-176-102-149-138-157-182-171-163-128-155-143-128-151-138-139-149-201-145-143-158-118-95-111-131-155-110-116
Minority interests-22-17-17-8-11-15-7-11-14-15-18-2-4-8-6-5-5-3-31133-64262012-2-2
0000000000000000
Net income2321563491,091330378513337379320369361342265324297300296286262-1864,299253290148222126230233284294234

* With start in the interim report for Q1 01 Swedish Match applies the Swedish Financial Accounting Standards Council's new recommendation RR 9 Income taxes.

The financial data for 2000 has been restated according to the new principles.