Our company in brief
Swedish Match develops, manufactures and sells market-leading brands in smokefree tobacco products, cigars and lights products. The Group sells products across the globe, with production units in 10 countries. Swedish Match also has an independent distribution company in Sweden. Consolidated sales in 2009 amounted to 14,204 MSEK and the average number of employees was 11,037.
Business concept
Swedish Match is a unique tobacco company, using its world leading brands and niche tobacco products to work in growing markets in harmony with current social and consumer trends. Read more about our strategies.
Product areas
Swedish Match operates in the following product categories – snus and snuff, cigars, chewing tobacco and lights. Swedish Match production units are in: Belgium, Brazil, Bulgaria, the Dominican Republic, Honduras, Indonesia, the Netherlands, the Philippines, Sweden, and the US. Swedish Match generates more than half of its sales and more than two thirds of its operating profit from snus, snuff, and cigars.
On July 2, 2009, Swedish Match AB announced the agreement to sell its South African operations, Swedish Match South Africa (Proprietary) Limited, and the transaction was subsequently closed in September. Following this announcement, Swedish Match South African operations are reported as discontinued operations. Furthermore, the segments have been reclassified with the remainder of the former pipe tobacco and accessories segment now being reported in Other Operations.
* Excluding Other operations
- Snus and snuff - Swedish Match maintains a leading position in the Scandinavian snus market. In North America, Swedish Match is the second largest actor in the growing value priced snuff segment. Read more about snuff and snus.
- Cigars - Swedish Match is one of the world’s largest producers and distributors of cigars and cigarillos. Swedish Match maintains a leading position in the US market for premium cigars. Read more about cigars.
- Chewing tobacco - Swedish Match is the largest producer of chewing tobacco in the US. Read more about chewing tobacco.
- Lights - Swedish Match maintains a leading position in a number of markets for matches. The brands are mostly local and hold a strong position in their respective markets. Swedish Match is a key player in the international market for disposable lighters. Read more about lights.
Organization
The Swedish Match head office, where the CEO and Group staff functions are based, is located in Stockholm. The business is operated in five divisions: Smokefree Division, Scandinavia Sales Division, US Sales Division, Swedish Match International, and Other Operations. The average number of employees during 2009 was 11,037. Read more about our organization.
President and CEO
Lars Dahlgren is President of Swedish Match AB since 2008. Read more about the Management.
Chairman of the Board
Conny Karlsson is Chairman of the Board. He is a Board member since 2006. Read more about the Board.
Listing details
The Company has been listed on NASDAQ OMX Stockholm (SWMA) since May 1996.
Shareholders
Swedish Match had 231,300,000 shares outstanding as of December 31, 2009 divided among 55,126 shareholders. The ten largest shareholders account for 32.0 percent.
Swedish Match in figures
More financial information is available on financial tables.
1) Excluding profit from discontinued operations and larger one time items
2) Continuing operations
3) Boards proposal