Income statement

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SEK millionQ3/18Q2/18Q1/18Q4/17Q3/17Q2/17Q1/17Q4/16Q3/16Q2/16Q1/16Q4/15Q3/15Q2/15Q1/15Q4/14Q3/14Q2/14Q1/14Q4/13Q3/13Q2/13Q1/13Q4/12Q3/12Q2/12Q1/12Q4/11Q3/11Q2/11Q1/11Q4/10Q3/10Q2/10Q1/10Q4/09Q3/09Q2/09Q1/09Q4/08Q3/08
Sales3,3883,3362,9412,9512,9153,0532,8333,9574,1183,9203,5573,7193,7563,6443,3683,5363,4163,3393,0143,1783,2303,2202,9823,1483,2083,2132,9173,0643,0112,9442,6462,8013,8233,7013,2823,5453,6063,6663,3873,4803,274
Cost of goods sold-1,231-1,251-1,107-1,130-1,062-1,114-1,050-2,116-2,222-2,115-1,872-2,005-2,011-1,929-1,752-1,910-1,853-1,784-1,561-1,698-1,749-1,673-1,527-1,586-1,617-1,558-1,376-1,515-1,495-1,467-1,298-1,338-1,896-1,805-1,624-1,835-1,843-1,812-1,624-1,747-1,663
1,4781,478
Gross profit2,1572,0851,8341,8211,8521,9391,7831,8411,8961,8041,6851,7141,7451,7151,6151,6271,5631,5551,4521,4811,4811,5461,4551,5621,5911,6551,5411,5491,5161,4781,3481,4631,9271,8961,6581,7101,7641,8541,7621,7331,611
Selling and administrative expenses-853-823-786-780-765-852-791-889-808-798-745-808-745-771-741-710-675-681-637-633-638-668-618-667-640-710-635-648-604-647-617-621-878-955-902-860-892-958-970-930-808
Share of profit/loss in associated companies and joint ventures 11-12145256556626611914075101674384818735917210766120717462-6514-2034245
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--------------2159------------------
Sale of STG shares ---66--131-648-560------------------------------
Sale of distribution facility----------145------------------------------
Gain on fair value of STG shares--------902--------------------------------
Operating profit1,3051,2631,0471,1781,0881,0911,2359542,6941,0611,7119081,0651,0211,0149929899418589329249681,0319861,0221,0829721,0229839047931,4211,049945755850874899794880808
Dividend from STG ---42-65-----------------------------------
Finance income1617141091218231510996445788998810111268109108658103514274139
Finance costs-89-90-87-96-101-101-98-109-165-100-116-137-111-119-118-137-134-133-134-137-151-146-144-146-152-151-140-142-140-140-138-207-134-134-115-121-152-122-135-137-154
Profit before income tax1,2321,1909741,1349971,0661,1568682,5459711,6047809609069008618628167328047828308958508819428388888537736651,221921816649739757791686784693
Income tax expense-273-263-208-231-244-254-224-206-239-220-200-145-219-200-179-161-167-165-152-128-154-163-154-63-188-183-170-183-169-157-132-148-192-180-130-143-142-168-159-97-72
Profit for the period from continuing operations9599287669047538129326622,3067521,4046367417057217006956515806756286677417876937596687056846165331,074729637519595615624527687621
Discontinued operations
Profit from discontinued operations, net after tax------------------------------------70541404150
Profit for the period9599287669047538129326622,3067521,4046367417057217006956515806756286677417876937596687056846165331,0747296375195951,319664567728671
Attributable to:
Equity holders of the Parent9599287669047538129326622,3067511,4046367417057217006956515806756296677407876937596677056846155331,0737296365195951,319664567728671
Non-controlling interests00000000000000000000-100000000000000000000
Profit for the period9599287669047538129326622,3067521,4046367417057217006956515806756286677417876937596687056846165331,0747296375195951,319664567728671

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.

SEK million2017201620152014201320122011201020092008
Sales. including tobacco tax15,02528,48227,43825,90824,99125,44923,66225,06225,48322,793
Less tobacco tax-3,273-12,932-12,952-12,603-12,381-12,963-11,997-11,456-11,279-10,182
Sales11,75115,55114,48613,30512,61012,48611,66613,60614,20412,611
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 profit7,3967,2266,7896,1975,9636,3495,8926,9447,0896,174
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 10180327285287337327-621011
Net gain from pension settlement-------59--
Income from defined benefit plan amendment69------
Capital gain from transfer of businesses to STG-----30-585--
Gain on sale of subsidiary and related assets---------73
Gain on sale of real estate107---------
Relocation of distribution facilities ---42-------
Capital gain from sale of land----161-----
Sale of STG shares 1971,208--------
Gain on fair value of STG shares-902--------
Sale of distribution facility-145--------
Operating profit4,5926,4204,0083,7803,8554,0623,7024,1693,4172,874
Dividend from STG107
Finance income495322273438372786154
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 tax4,3535,9883,5453,2703,3103,5113,1803,6072,9742,433
Income tax expense-952-865-742-644-600-604-642-649-613-342
Profit for the year from continuing operations3,4005,1232,8032,6262,7112,9072,5382,9582,3612,091
Discontinued operations
Profit from discontinued operations. net after tax--------785170
Profit for the year3,4005,1232,8032,6262,7112,9072,5382,9583,1462,261
Attributable to:
Equity holders of the Parent3,4005,1232,8032,6252,7122,9062,5382,9573,1462,261
Non-controlling interests0000-101111
Profit for the year3,4005,1232,8032,6262,7112,9072,5382,9583,1462,261
Earnings per share. basic. SEK
From continuing operations18.8827.3814.4813.2313.6314.3312.1413.129.678.30
Including discontinued operations--------12.888.98
Earnings per share. diluted. SEK
From continuing operations18.8827.3814.4813.2213.6114.2512.0713.099.668.29
Including discontinued operations--------12.878.96

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.