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.
IFRS Quarterly
| SEK million | Q1/18 | Q4/17 | Q3/17 | Q2/17 | Q1/17 | Q4/16 | Q3/16 | Q2/16 | Q1/16 | Q4/15 | Q3/15 | Q2/15 | Q1/15 | Q4/14 | Q3/14 | Q2/14 | Q1/14 | Q4/13 | Q3/13 | Q2/13 | Q1/13 | Q4/12 | Q3/12 | Q2/12 | Q1/12 | Q4/11 | Q3/11 | Q2/11 | Q1/11 | Q4/10 | Q3/10 | Q2/10 | Q1/10 | Q4/09 | Q3/09 | Q2/09 | Q1/09 | Q4/08 | Q3/08 | Q2/08 | Q1/08 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,941 | 2,951 | 2,915 | 3,053 | 2,833 | 3,957 | 4,118 | 3,920 | 3,557 | 3,719 | 3,756 | 3,644 | 3,368 | 3,536 | 3,416 | 3,339 | 3,014 | 3,178 | 3,230 | 3,220 | 2,982 | 3,148 | 3,208 | 3,213 | 2,917 | 3,064 | 3,011 | 2,944 | 2,646 | 2,801 | 3,823 | 3,701 | 3,282 | 3,545 | 3,606 | 3,666 | 3,387 | 3,480 | 3,274 | 3,164 | 2,693 |
| Cost of goods sold | -1,107 | -1,130 | -1,062 | -1,114 | -1,050 | -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 |
| Gross profit | 1,834 | 1,821 | 1,852 | 1,939 | 1,783 | 1,841 | 1,896 | 1,804 | 1,685 | 1,714 | 1,745 | 1,715 | 1,615 | 1,627 | 1,563 | 1,555 | 1,452 | 1,481 | 1,481 | 1,546 | 1,455 | 1,562 | 1,591 | 1,655 | 1,541 | 1,549 | 1,516 | 1,478 | 1,348 | 1,463 | 1,927 | 1,896 | 1,658 | 1,710 | 1,764 | 1,854 | 1,762 | 1,733 | 1,611 | 1,531 | 1,298 |
| Selling and administrative expenses | -786 | -780 | -765 | -852 | -791 | -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 |
| Share of profit/loss in associated companies and joint ventures | -1 | 2 | 1 | 4 | 5 | 2 | 56 | 55 | 66 | 2 | 66 | 119 | 140 | 75 | 101 | 67 | 43 | 84 | 81 | 87 | 35 | 91 | 72 | 107 | 66 | 120 | 71 | 74 | 62 | -65 | 1 | 4 | -2 | 0 | 3 | 4 | 2 | 4 | 5 | 5 | -3 |
| Net gain from pension settlement | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 59 | - | - | - | - | - | - | - | - | - | - | - |
| Income from defined benefit plan amendment | - | 69 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||
| Capital gain from transfer of businesses to STG | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30 | - | - | - | - | - | 585 | - | - | - | - | - | - | - | - | - | - | - |
| Gain on sale of subsidiary and related assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 73 | - | - | - |
| Relocation of distribution facilities | - | - | - | - | - | - | - | - | - | - | - | -42 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Capital gain from sale of land | - | - | - | - | 107 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2 | 159 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Sale of STG shares | - | 66 | - | - | 131 | - | 648 | - | 560 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Sale of distribution facility | - | - | - | - | - | - | - | - | 145 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gain on fair value of STG shares | - | - | - | - | - | - | 902 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating profit | 1,047 | 1,178 | 1,088 | 1,091 | 1,235 | 954 | 2,694 | 1,061 | 1,711 | 908 | 1,065 | 1,021 | 1,014 | 992 | 989 | 941 | 858 | 932 | 924 | 968 | 1,031 | 986 | 1,022 | 1,082 | 972 | 1,022 | 983 | 904 | 793 | 1,421 | 1,049 | 945 | 755 | 850 | 874 | 899 | 794 | 880 | 808 | 691 | 496 |
| Dividend from STG | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||
| Finance income | 14 | 10 | 9 | 12 | 18 | 23 | 15 | 10 | 9 | 9 | 6 | 4 | 4 | 5 | 7 | 8 | 8 | 9 | 9 | 8 | 8 | 10 | 11 | 12 | 6 | 8 | 10 | 9 | 10 | 8 | 6 | 5 | 8 | 10 | 35 | 14 | 27 | 41 | 39 | 33 | 40 |
| Finance costs | -87 | -96 | -101 | -101 | -98 | -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 |
| Profit before income tax | 974 | 1,134 | 997 | 1,066 | 1,156 | 868 | 2,545 | 971 | 1,604 | 780 | 960 | 906 | 900 | 861 | 862 | 816 | 732 | 804 | 782 | 830 | 895 | 850 | 881 | 942 | 838 | 888 | 853 | 773 | 665 | 1,221 | 921 | 816 | 649 | 739 | 757 | 791 | 686 | 784 | 693 | 574 | 383 |
| Income tax expense | -208 | -231 | -244 | -254 | -224 | -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 |
| Profit for the period from continuing operations | 766 | 904 | 753 | 812 | 932 | 662 | 2,306 | 752 | 1,404 | 636 | 741 | 705 | 721 | 700 | 695 | 651 | 580 | 675 | 628 | 667 | 741 | 787 | 693 | 759 | 668 | 705 | 684 | 616 | 533 | 1,074 | 729 | 637 | 519 | 595 | 615 | 624 | 527 | 687 | 621 | 479 | 304 |
| Discontinued operations | |||||||||||||||||||||||||||||||||||||||||
| Profit from discontinued operations, net after tax | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 705 | 41 | 40 | 41 | 50 | 38 | 42 |
| Profit for the period | 766 | 904 | 753 | 812 | 932 | 662 | 2,306 | 752 | 1,404 | 636 | 741 | 705 | 721 | 700 | 695 | 651 | 580 | 675 | 628 | 667 | 741 | 787 | 693 | 759 | 668 | 705 | 684 | 616 | 533 | 1,074 | 729 | 637 | 519 | 595 | 1,319 | 664 | 567 | 728 | 671 | 517 | 346 |
| Attributable to: | |||||||||||||||||||||||||||||||||||||||||
| Equity holders of the Parent | 766 | 904 | 753 | 812 | 932 | 662 | 2,306 | 751 | 1,404 | 636 | 741 | 705 | 721 | 700 | 695 | 651 | 580 | 675 | 629 | 667 | 740 | 787 | 693 | 759 | 667 | 705 | 684 | 615 | 533 | 1,073 | 729 | 636 | 519 | 595 | 1,319 | 664 | 567 | 728 | 671 | 517 | 346 |
| Non-controlling interests | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit for the period | 766 | 904 | 753 | 812 | 932 | 662 | 2,306 | 752 | 1,404 | 636 | 741 | 705 | 721 | 700 | 695 | 651 | 580 | 675 | 628 | 667 | 741 | 787 | 693 | 759 | 668 | 705 | 684 | 616 | 533 | 1,074 | 729 | 637 | 519 | 595 | 1,319 | 664 | 567 | 728 | 671 | 517 | 346 |
2017 have been restated to reflect the recognition of revenue according to IFRS 15. As a consequence of the implementation of IFRS 15, Swedish Match segment reporting has changed as of 2017.
IFRS Annually
| SEK million | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales. including tobacco tax | 15,025 | 28,482 | 27,438 | 25,908 | 24,991 | 25,449 | 23,662 | 25,062 | 25,483 | 22,793 |
| Less tobacco tax | -3,273 | -12,932 | -12,952 | -12,603 | -12,381 | -12,963 | -11,997 | -11,456 | -11,279 | -10,182 |
| Sales | 11,751 | 15,551 | 14,486 | 13,305 | 12,610 | 12,486 | 11,666 | 13,606 | 14,204 | 12,611 |
| Cost of goods sold | -4,356 | -8,325 | -7,697 | -7,109 | -6,647 | -6,138 | -5,774 | -6,662 | -7,114 | -6,437 |
| Gross profit | 7,396 | 7,226 | 6,789 | 6,197 | 5,963 | 6,349 | 5,892 | 6,944 | 7,089 | 6,174 |
| Selling and administrative expenses | -3,187 | -3,240 | -3,065 | -2,703 | -2,566 | -2,653 | -2,516 | -3,356 | -3,681 | -3,384 |
| Share of net profit/loss in associated companies and joint venture | 10 | 180 | 327 | 285 | 287 | 337 | 327 | -62 | 10 | 11 |
| Net gain from pension settlement | - | - | - | - | - | - | - | 59 | - | - |
| Income from defined benefit plan amendment | 69 | - | - | - | - | - | - | - | - | - |
| 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 | 107 | - | - | - | - | - | - | - | - | - |
| Relocation of distribution facilities | - | - | -42 | - | - | - | - | - | - | - |
| Capital gain from sale of land | - | - | - | - | 161 | - | - | - | - | - |
| Sale of STG shares | 197 | 1,208 | - | - | - | - | - | - | - | - |
| Gain on fair value of STG shares | - | 902 | - | - | - | - | - | - | - | - |
| Sale of distribution facility | - | 145 | - | - | - | - | - | - | - | - |
| Operating profit | 4,592 | 6,420 | 4,008 | 3,780 | 3,855 | 4,062 | 3,702 | 4,169 | 3,417 | 2,874 |
| Dividend from STG | 107 | - | - | - | - | - | - | - | - | - |
| Finance income | 49 | 53 | 22 | 27 | 34 | 38 | 37 | 27 | 86 | 154 |
| Finance costs | -396 | -484 | -486 | -537 | -578 | -589 | -560 | -590 | -529 | -595 |
| Net finance cost | -240 | -431 | -463 | -510 | -544 | -551 | -523 | -562 | -443 | -441 |
| Profit before income tax | 4,353 | 5,988 | 3,545 | 3,270 | 3,310 | 3,511 | 3,180 | 3,607 | 2,974 | 2,433 |
| Income tax expense | -952 | -865 | -742 | -644 | -600 | -604 | -642 | -649 | -613 | -342 |
| Profit for the year from continuing operations | 3,400 | 5,123 | 2,803 | 2,626 | 2,711 | 2,907 | 2,538 | 2,958 | 2,361 | 2,091 |
| Discontinued operations | ||||||||||
| Profit from discontinued operations. net after tax | - | - | - | - | - | - | - | - | 785 | 170 |
| Profit for the year | 3,400 | 5,123 | 2,803 | 2,626 | 2,711 | 2,907 | 2,538 | 2,958 | 3,146 | 2,261 |
| Attributable to: | ||||||||||
| Equity holders of the Parent | 3,400 | 5,123 | 2,803 | 2,625 | 2,712 | 2,906 | 2,538 | 2,957 | 3,146 | 2,261 |
| Non-controlling interests | 0 | 0 | 0 | 0 | -1 | 0 | 1 | 1 | 1 | 1 |
| Profit for the year | 3,400 | 5,123 | 2,803 | 2,626 | 2,711 | 2,907 | 2,538 | 2,958 | 3,146 | 2,261 |
| Earnings per share. basic. SEK | ||||||||||
| From continuing operations | 18.88 | 27.38 | 14.48 | 13.23 | 13.63 | 14.33 | 12.14 | 13.12 | 9.67 | 8.30 |
| Including discontinued operations | - | - | - | - | - | - | - | - | 12.88 | 8.98 |
| Earnings per share. diluted. SEK | ||||||||||
| From continuing operations | 18.88 | 27.38 | 14.48 | 13.22 | 13.61 | 14.25 | 12.07 | 13.09 | 9.66 | 8.29 |
| Including discontinued operations | - | - | - | - | - | - | - | - | 12.87 | 8.96 |
2017 have been restated to reflect the recognition of revenue according to IFRS 15. As a consequence of the implementation of IFRS 15, Swedish Match segment reporting has changed as of 2017.
Discontinued operations pertain to South African operations divested on July 2. 2009.
