Financial fact sheet
The Group strategy
Swedish Match is a unique tobacco company with the vision to be the global smokefree leader, to leverage strong platforms and maximize long term profitability in other tobacco products, and continue operational excellence in lights products. Through an active ownership in STG, Swedish Match will contribute to realizing the full potential of that company. About our strategies.
Product areas
Swedish Match operates in the three main product areas – Snus and snuff, Other tobacco products (mass market cigars and chewing tobacco) and Lights (matches and lighters). Swedish Match production units are located in: Brazil, the Dominican Republic, the Netherlands, the Philippines, Sweden, and the US.
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.
On October 1, 2010, Swedish Match contributed its cigar and pipe tobacco businesses, with the exception of it US mass market cigars and its minority share in Arnold André, to form the new Scandinavian Tobacco Group (STG). STG is 49 percent owned by Swedish Match.
- Snus and snuff - Swedish Match has a leading position in Scandinavia. In the US, Swedish Match is well positioned as the third largest snus and moist snuff company. Swedish Match also has a 50/50 joint venture with Philip Morris International to develop new snus markets. Read more about Snus and snuff.
- Other tobacco products - Swedish Match maintains a significant presence for US mass market cigars. Swedish Match is the largest manufacturer of US chewing tobacco with market leading brands. Nearly all the products are sold exclusively on the US market. Read more about Other tobacco products.
- 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.
The world market for snus and snuff has grown significantly in value terms over the past several years, led by volume growth in the US. Markets for other product categories have been stable or declining. Swedish Match generates more than a third of its sales and more than half of its operating profit from snus and snuff.
2010 sales and operating profit
Organization
The Swedish Match head office, where the CEO office and Group staff functions are based, is located in Stockholm. The business is operated in six operating units: Smokefree Products Division, Scandinavia Division, US Division, Lights Latin America, Lights International and Swedish Match Distribution AB. Following the STG transaction, Swedish Match has 3,900 employees. Read more about our organization.
President and CEO
Lars Dahlgren is President and Chief Executive Officer 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
As per September 30, 2011, Swedish Match had 206,363,657 shares outstanding divided among 52,066 shareholders, excluding shares held by Swedish Match. The ten largest shareholders accounted for 22 percent of the shares and votes. Read more about share holdings.
Swedish Match in figures
Financial information is available in the financial tables.