Press releases and news
Here you will find Swedish Match's press releases as of 1996, when the Company was listed. To subscribe to press releases, please use our subscription service below. Regulatory press releases as of July 2016 can be found under Corporate press releases, category "Regulatory information".
Interim Report January – September 2020
Record sales and operating profit from product segments in Q3
- Sales and operating profit increased for the Smokefree product segment in both the US and Scandinavia, as well as for cigars. Sales and operating profit elevated by COVID-19 related effects on consumer demand and channel shifts.
- In local currencies, sales increased by 23 percent for the third quarter. Reported sales increased by 15 percent to 4,400 MSEK (3,829).
- In local currencies, operating profit from product segments1) increased by 37 percent for the third quarter. Reported operating profit from product segments increased by 28 percent to 2,046 MSEK (1,603).
- Operating profit amounted to 2,019 MSEK (1,586) for the third quarter.
- Profit after tax, which includes a charge of 286 MSEK following adverse ruling in a tax case, amounted to 1,193 MSEK (1,180) for the third quarter.
- Adjusted earnings per share increased by 31 percent to 9.21 SEK (7.04) for the third quarter. Earnings per share increased by 6 percent to 7.44 SEK (7.04).
- Revised outlook provided on page 12 to reflect higher expected underlying corporate tax rate for the year 2020 as a consequence of a stronger than previously anticipated result development for the business in the US.
1) Excludes Other operations and larger one-time items.
Half Year Report January – June 2020
Q2 sales and profit growth driven by ZYN in the US
- In local currencies, sales increased by 11 percent for the second quarter. Reported sales increased by 11 percent to 4,133 MSEK (3,719).
- In local currencies, operating profit from product segments1) increased by 19 percent for the second quarter. Reported operating profit from product segments increased by 17 percent to 1,704 MSEK (1,456).
- Operating profit amounted to 1,666 MSEK (1,434) for the second quarter.
- Profit after tax amounted to 1,227 MSEK (1,080) for the second quarter.
- Earnings per share increased by 19 percent to 7.60 SEK (6.39) for the second quarter.
- The second quarter financial performance was negatively affected by COVID-19 impacts.
- ZYN continued to deliver strong volume growth contributing to higher sales and operating profit.
1) Excludes Other operations and larger one-time items.
Swedish Match announces organizational changes
Swedish Match AB (publ) share capital and total number of shares
In accordance with the resolution at the Annual General Meeting on April 2, 2020, Swedish Match AB (publ) has cancelled 7,750,000 repurchased treasury shares.
Interim Report January – March 2020
Record quarter from product segments, driven by US businesses
- In local currencies, sales from product segments increased by 21 percent for the first quarter. Reported sales increased by 24 percent to 4,029 MSEK (3,258).
- In local currencies, operating profit from product segments1) increased by 30 percent for the first quarter. Reported operating profit from product segments increased by 34 percent to 1,652 MSEK (1,233).
- Operating profit amounted to 1,594 MSEK (1,190) for the first quarter.
- Profit after tax amounted to 1,161 MSEK (880) for the first quarter.
- Earnings per share increased by 38 percent to 7.14 SEK (5.17) for the first quarter.
- Net effect on revenue and results from COVID-19 impacts were positive in the first quarter but are expected to become negative in the second quarter. Guidance for Q2 2020 is provided on page 12 in this report.
- ZYN is now available in approximately 80,000 stores in the US, and average sales per store continued to increase sequentially.
1) Excludes Other operations and larger one-time items.
Swedish Match restarts manufacturing in the Dominican Republic
Swedish Match Annual General Meeting 2020
Major items approved by today’s Annual General Meeting include:
- A dividend of 12.50 SEK per share
- Mandate to repurchase up to 10 percent of all shares in the Company
- Withdrawal of 7,750,000 repurchased company shares with a simultaneous bonus issue without issuing any new shares
- Mandate to resolve on the transfer of shares in the Company and to issue new shares
- Election of Deloitte AB as auditor
Swedish Match temporarily suspends manufacturing in the Dominican Republic
Swedish Match AB announces today that the cigar operations of its subsidiary Swedish Match Dominicana will be temporarily suspended.
Swedish Match publishes annual report for 2019
Swedish Match’s annual report for 2019 has been published and is available at the Group’s website.
Notice to the Annual General Meeting in Swedish Match AB (publ)
The shareholders of Swedish Match AB (publ), Reg. No. 556015-0756, are hereby notified of the Annual General Meeting to be held on Thursday, April 2, 2020, at 15.30 CET at the cinema Skandia, Drottninggatan 82, Stockholm, Sweden.
New member proposed for Swedish Match Board of Directors
At the upcoming Annual General Meeting on April 2, 2020, the Nominating Committee of Swedish Match AB will propose the election of Alexander Lacik as a new member of the Swedish Match Board of Directors.
Full Year Report January – December 2019
Record year for sales and operating profit from product segments
- In local currencies, sales increased by 15 percent for the fourth quarter and by 8 percent for the full year. Reported sales increased by 19 percent to 3,933 MSEK (3,301) for the fourth quarter and by 14 percent to 14,739 MSEK (12,966) for the full year.
- In local currencies, operating profit from product segments1) increased by 18 percent for the fourth quarter and by 13 percent for the full year. Reported operating profit from product segments increased by 22 percent to 1,525 MSEK (1,246) for the fourth quarter and by 18 percent to 5,828 MSEK (4,936) for the full year.
- Operating profit, which includes a non-cash impairment charge of 367 MSEK related to the European chewing tobacco business (see Note 5), amounted to 1,098 MSEK (1,196) for the fourth quarter and to 5,307 MSEK (4,812) for the full year.
- Profit after tax amounted to 756 MSEK (925) for the fourth quarter and to 3,896 MSEK (3,578) for the full year.
- Earnings per share amounted to 4.62 SEK (5.41) for the fourth quarter and to 23.22 SEK (20.63) for the full year. Adjusted earnings per share increased by 26 percent to 6.81 SEK (5.41) for the fourth quarter and by 23 percent to 25.41 SEK (20.63) for the full year.
- ZYN available in approximately 67,000 stores in the US, and average sales per store continued to increase sequentially.
- The Board proposes an increased dividend of 12.50 SEK per share.
- The outlook for 2020 can be found on page 13.
1) Excludes Other operations and larger one-time items.
Interim Report January – September 2019
Q3 growth in sales and earnings driven by ZYN
- In local currencies, sales increased by 8 percent for the third quarter. Reported sales increased by 13 percent to 3,829 MSEK (3,388).
- In local currencies, operating profit from product segments1) increased by 17 percent for the third quarter. Reported operating profit from product segments increased by 22 percent to 1,607 MSEK (1,317).
- Operating profit amounted to 1,586 MSEK (1,305) for the third quarter.
- Profit after tax amounted to 1,180 MSEK (959) for the third quarter.
- Earnings per share increased by 27 percent to 7.04 SEK (5.55) for the third quarter.
- ZYN in more than 60,000 stores in the US, and average sales per store continued to increase.
- Lights operating profit benefited from land and forestry asset sales.
- On October 22, 2019, the US FDA authorized modified risk tobacco status for eight General snus varieties.
1) Excludes Other operations.
FDA Designates General Snus as Less Harmful Alternative to Cigarettes
USAFDA Authorizes Company to State that Use of General Snus Instead of Cigarettes Puts Users at a Lower Risk of Mouth Cancer, Heart Disease, Lung Cancer, Stroke, Emphysema and Chronic Bronchitis.
Half Year Report January – June 2019
Q2 sales and profit up, ZYN expansion well underway
- In local currencies, sales increased by 6 percent for the second quarter. Reported sales increased by 12 percent to 3,719 MSEK (3,336).
- In local currencies, operating profit from product segments1) increased by 7 percent for the second quarter. Reported operating profit from product segments increased by 13 percent to 1,458 MSEK (1,293).
- Operating profit amounted to 1,434 MSEK (1,263) for the second quarter.
- Profit after tax amounted to 1,080 MSEK (928) for the second quarter.
- Earnings per share increased by 20 percent to 6.39 SEK (5.31) for the second quarter.
- The outlook statement on page 11 has been modified with regard to expected growth of the US cigar market.
- ZYN in more than 50,000 stores in the US.
1) Excludes Other operations.
Swedish Match AB (publ) share capital and total number of shares
In accordance with the resolution at the Annual General Meeting on April 9, 2019, Swedish Match AB (publ) has cancelled 6,000,000 repurchased treasury shares.
Interim Report January – March 2019
Solid financial result. Startup of ZYN production in the US
- In local currencies, sales increased by 3 percent for the first quarter. Reported sales increased by 11 percent to 3,258 MSEK (2,941).
- In local currencies, operating profit from product segments1) increased by 7 percent for the first quarter. Reported operating profit from product segments increased by 15 percent to 1,238 MSEK (1,079).
- Operating profit amounted to 1,190 MSEK (1,047) for the first quarter.
- Profit after tax amounted to 880 MSEK (766) for the first quarter.
- Earnings per share increased by 19 percent to 5.17 SEK (4.36) for the first quarter.
1) Operating profit for Swedish Match product segments, which excludes Other operations.
Swedish Match Annual General Meeting 2019
Major items approved by today’s Annual General Meeting include:
- A dividend of 10.50 SEK per share
- Mandate to repurchase up to 10 percent of all shares in the Company
- Withdrawal of 6,000,000 repurchased company shares with a simultaneous bonus issue without issuing any new shares
- Mandate to resolve on the transfer of shares in the Company and to issue new shares
- Election of Deloitte AB as auditor
Swedish Match publishes annual report for 2018
Swedish Match’s annual report for 2018 has been published and is available at the Group’s website.
Notice to the Annual General Meeting in Swedish Match AB (publ)
The shareholders of Swedish Match AB (publ), Reg. No. 556015-0756, are hereby notified of the Annual General Meeting to be held on Tuesday, April 9, 2019, at 15.30 CET at the cinema Skandia, Drottninggatan 82, Stockholm, Sweden.
Full Year Report January – December 2018
Q4: Strong sales and volumes for smokeless products
- In local currencies, sales increased by 7 percent for the fourth quarter and by 9 percent for the full year. Reported sales increased by 12 percent to 3,301 MSEK (2,951) for the fourth quarter and by 10 percent to 12,966 MSEK (11,751) for the full year.
- In local currencies, operating profit from product segments1) increased by 8 percent for the fourth quarter and by 12 percent for the full year. Reported operating profit from product segments increased by 14 percent to 1,246 MSEK (1,096) for the fourth quarter and by 14 percent to 4,936 MSEK (4,345) for the full year.
- Operating profit amounted to 1,196 MSEK (1,178) for the fourth quarter and to 4,812 MSEK (4,592) for the full year.2)
- Profit after tax amounted to 925 MSEK (904) for the fourth quarter and to 3,578 MSEK (3,400) for the full year.
- Earnings per share increased by 6 percent to 5.41 SEK (5.10) for the fourth quarter and by 9 percent to 20.63 SEK (18.88) for the full year. Adjusted earnings per share3) increased by 28 percent to 5.41 SEK (4.24) for the fourth quarter and by 26 percent to 20.63 SEK (16.40) for the full year.
- During 2018, Swedish Match distributed 5,423 MSEK to its shareholders in the form of an ordinary dividend, a special dividend and share repurchases.
- The Board proposes an increased dividend of 10.50 SEK per share.
- The outlook for 2019 can be found on page 12.
1) Operating profit for Swedish Match product segments, which excludes Other operations and larger one-time items.
2) The full year 2017 included larger one-time items of 373 MSEK relating to capital gains from the sale of Scandinavian Tobacco Group (STG) shares and from the sale of a parcel of land as well as an income from a defined benefit plan amendment. The fourth quarter of 2017 included larger one-time items of 135 MSEK relating to a capital gain from the sale of STG shares and an income from a defined benefit plan amendment.
3) Earnings per share adjusted to exclude income from STG and larger one time-items.
Swedish Match comments on ECJ judgement
Today, the European Court of Justice (ECJ) published its judgment concerning the prohibition to sell Swedish snus to other European Union Member States. The court rules that Swedish snus will continue to be excluded from the EU’s internal market.
Interim Report January – September 2018
Highlights from the third quarter
- In local currencies, sales increased by 10 percent for the third quarter. Reported sales increased by 16 percent to 3,388 MSEK (2,915).
- In local currencies, operating profit from product segments1) increased by 13 percent for the third quarter. Reported operating profit from product segments increased by 19 percent to 1,317 MSEK (1,104).
- Operating profit amounted to 1,305 MSEK (1,088) for the third quarter.
- Profit after tax amounted to 959 MSEK (753) for the third quarter.
- Earnings per share increased by 32 percent to 5.55 SEK (4.22) for the third quarter.
1) Operating profit for Swedish Match product segments, which excludes Other operations and larger one-time items.
Swedish Match has signed an agreement to acquire a majority share in Gotlands Snus AB
Swedish Match has today signed an agreement to acquire a majority share in Gotlands Snus AB, a privately held Swedish company, located in Romakloster, Sweden, on the island of Gotland.
Half Year Report January – June 2018
Highlights from the second quarter
- In local currencies, sales increased by 10 percent for the second quarter. Reported sales increased by 9 percent to 3,336 MSEK (3,053).
- In local currencies, operating profit from product segments1) increased by 16 percent for the second quarter. Reported operating profit from product segments increased by 15 percent to 1,293 MSEK (1,123).
- Operating profit amounted to 1,263 MSEK (1,091) for the second quarter.
- Profit after tax amounted to 928 MSEK (812) for the second quarter.
- Earnings per share amounted to 5.31 SEK (4.48) for the second quarter. Adjusted earnings per share2) increased by 27 percent to 5.31 SEK (4.17).
- The outlook statement on page 10 has been modified with regard to snus and nicotine pouches outside Scandinavia.
1) Operating profit for Swedish Match product segments, which excludes Other operations and larger one-time items.
2) Earnings per share adjusted to exclude income from Scandinavian Tobacco Group (STG) and larger one-time items.
Swedish Match (publ) share capital and total number of shares
In accordance with the resolution at the Annual General Meeting on April 11, 2018, Swedish Match AB (publ) has cancelled 5,850,000 repurchased treasury shares.
Interim Report January – March 2018
Highlights from the first quarter
- In local currencies, sales increased by 10 percent for the first quarter. Reported sales increased by 4 percent to 2,941 MSEK (2,833).
- In local currencies, operating profit from product segments1) increased by 11 percent for the first quarter. Reported operating profit from product segments increased by 6 percent to 1,079 MSEK (1,021).
- Operating profit2) amounted to 1,047 MSEK (1,235) for the first quarter. The first quarter 2017 included larger one-time items of 238 MSEK relating to capital gains from the sale of STG shares and from the sale of a parcel of land.
- Profit after tax amounted to 766 MSEK (932) for the first quarter.
- Earnings per share amounted to 4.36 SEK (5.07) for the first quarter. Adjusted earnings per share3) increased by 15 percent to 4.36 SEK (3.78).
- As of January 1, 2018, Swedish Match implemented the new revenue recognition standard, IFRS 15. This implementation has a significant effect on the recognition of net sales, but an immaterial impact on profit. Consequently, the Group’s reportable segments have changed. Financial statements of 2017 have been restated to reflect the recognition of revenue according to the new standard. Further information is given in Note 1, Accounting principles.
1) Operating profit for Swedish Match product segments, which excludes Other operations and larger one-time items.
2) Operating profit for the Group, which includes Other operations and larger one-time items.
3) Earnings per share adjusted to exclude income from Scandinavian Tobacco Group (STG) and larger one-time items.
Advocate General does not recommend the European Court of Justice to find the EU snus ban invalid
Swedish Match Annual General Meeting 2018
Major items approved by today’s Annual General Meeting include:
- An ordinary dividend of 9.20 SEK per share and a special dividend of 7.40 SEK per share, in total 16.60 SEK per share
- Mandate to repurchase up to 10 percent of all shares in the Company
- Withdrawal of 5,850,000 repurchased company shares with a simultaneous bonus issue without issuing any new shares
- Mandate to resolve on transfer of shares in the Company and to issue new shares
Swedish Match acquires Oliver Twist
Swedish Match acquires House of Oliver Twist A/S, a privately held Danish smokeless tobacco company, headquartered in Odense, Denmark.
Swedish Match publishes Annual Report for 2017
Swedish Match’s annual report for 2017 has been published and is available at the Group’s website.
Notice to the Annual General Meeting in Swedish Match AB (publ)
The shareholders of Swedish Match AB (publ), Reg. No. 556015-0756, are hereby notified of the Annual General Meeting to be held on Wednesday, April 11, 2018, at 15.30 CET at the cinema Skandia, Drottninggatan 82, Stockholm, Sweden.
Full Year Report January – December 2017
Highlights from the fourth quarter and full year
- In local currencies, sales increased by 6 percent for the fourth quarter and by 3 percent for the full year. Reported sales increased by 2 percent to 4,044 MSEK (3,957) for the fourth quarter and by 4 percent to 16,101 MSEK (15,551) for the full year.
- In local currencies, operating profit from product areas1) increased by 15 percent for the fourth quarter and by 5 percent for the full year. Reported operating profit from product areas increased by 9 percent to 1,044 MSEK (954) for the fourth quarter and by 6 percent to 4,218 MSEK (3,990) for the full year.
- Operating profit amounted to 1,179 MSEK (954) for the fourth quarter and to 4,591 MSEK (6,420) for the full year2).
- Profit after tax amounted to 904 MSEK (662) for the fourth quarter and to 3,400 MSEK (5,123) for the full year.
- Earnings per share amounted to 5.10 SEK (3.61) for the fourth quarter and to 18.88 SEK (27.38) for the full year. Earnings per share excluding both larger one-time items, dividends from STG in 2017 and share of net profit in STG in 2016 increased by 17 percent to 4.24 SEK (3.61) for the fourth quarter and by 14 percent to 16.39 SEK (14.39) for the full year.
- In November, Swedish Match completed the divestment of its remaining shareholding in STG.
- During 2017, Swedish Match distributed 5,498 MSEK to its shareholders in the form of an ordinary dividend, a special dividend and share repurchases.
- The Board proposes a dividend of 16.60 SEK per share consisting of an increased ordinary dividend of 9.20 SEK (8.50) and a special dividend of 7.40 SEK, following the final sale of shares in STG.
- As of January 1, 2018, Swedish Match will apply the new revenue recognition standard, IFRS 15. While not impacting profit, this implementation will have a significant effect on the recognition of net sales. Further information is given in Note 1, Accounting principles.
- The outlook for 2018 can be found on page 13.
1) Operating profit for Swedish Match product areas, which excludes larger one-time items and share of net profit in STG in 2016.
2) The full year 2017 includes larger one-time items of 373 MSEK relating to capital gains from the sale of STG shares and from the sale of a parcel of land as well as an income from a defined benefit plan amendment. Previous full year included larger one-time items of 2,254 MSEK relating to capital gains from the partial divestments of STG and an unrealized gain from revaluing Swedish Match’s then remaining shareholding in STG to market value as well as a capital gain from the sale of a distribution center. The fourth quarter of 2017 includes larger one-time items of 135 MSEK relating to a capital gain from the sale of STG shares and an income from a defined benefit plan amendment.
New Chief Financial Officer at Swedish Match
Swedish Match today announced that Marlene Forsell has decided to resign as Chief Financial Officer for family reasons and that she will leave her position on March 9, 2018. She will be replaced by Tom Hayes who is currently Vice President Business Control and CFO in Swedish Match’s US Division.
Sale of shares in Scandinavian Tobacco Group A/S
Swedish Match announces intention to sell its total shareholding in Scandinavian Tobacco Group A/S
Interim Report January– September 2017
Highlights from the third quarter
- Sales increased by 1 percent in local currencies. Reported sales declined by 1 percent to 4,069 MSEK (4,118) for the third quarter.
- Operating profit from product areas in local currencies increased by 2 percent. Reported operating profit from product areas1) amounted to 1,089 MSEK (1,089) for the third quarter.
- Operating profit amounted to 1,089 MSEK (2,694) for the third quarter. The previous year’s third quarter included larger one-time items of 1,550 MSEK relating to a capital gain from the partial divestment of STG and an unrealized gain from revaluing Swedish Match’s remaining shareholding in STG to market value.
- Profit after tax amounted to 753 MSEK (2,306 - positively affected by the larger one-time items mentioned above).
- Earnings per share excluding both larger one-time items and share of net profit in STG amounted to 4.22 SEK (3.76). Reported earnings per share amounted to 4.22 SEK (12.32) for the third quarter.
1) Operating profit for Swedish Match product areas, which excludes larger one-time items and share of net profit in STG.
Swedish Match acquires V2 Tobacco
Swedish Match has acquired V2 Tobacco, a privately held smokeless tobacco company, primarily active in Europe. V2 Tobacco is headquartered in Silkeborg, Denmark.
General and Göteborgs Rapé One – by Swedish Match and Alexander Gustafsson
SwedenAfter collaborating for more than a year, Swedish Match and Alexander Gustafsson are now launching a series with three new snus products under the General and Göteborgs Rapé One brands.
Half Year Report January – June 2017
Highlights from the second quarter
- Sales increased by 8 percent to 4,214 MSEK (3,920) for the second quarter. In local currencies, sales increased by 4 percent.
- Operating profit from product areas1) increased by 8 percent to 1,091 MSEK (1,008) for the second quarter. In local currencies, operating profit from product areas increased by 4 percent.
- Operating profit amounted to 1,091 MSEK (1,061) for the second quarter.
- Profit for the period amounted to 812 MSEK (752) for the second quarter.
- Earnings per share amounted to 4.49 SEK (4.01) for the second quarter. Earnings per share excluding a dividend from STG in 2017 and share of net profit in STG in 2016 amounted to 4.18 SEK (3.72).
- The outlook has been updated based on the developments during the first six months.
1) Operating profit for Swedish Match product areas, which excludes larger one-time items and share of net profit in STG.
Millionth box sold by Swedish Match Store - at the Stockholm store
SwedenToday, Swedish Match sold its millionth snus can from Swedish Match Stores, and it was sold by the store at Kungsgatan 3 in Stockholm, which is one of four snus stores owned and operated by Swedish Match.
Norway’s first snus store to open in downtown Oslo
Sweden, NorwaySwedish Match is now opening Norway’s first snus store in the pedestrian area at Aker Brygge in downtown Oslo.
Swedish Match repurchases own shares
Swedish Match AB (publ) has resolved to repurchase shares during the period June 20, 2017 to July 21, 2017 of an amount up to 250 MSEK.
Swedish Match (publ) share capital and total number of shares
In accordance with the resolution at the Annual General Meeting on May 4, 2017, Swedish Match AB (publ) has cancelled 6,950,000 repurchased treasury shares.
Interim Report January – March 2017
- Sales increased by 6 percent to 3,775 MSEK (3,557) for the first quarter. In local currencies, sales increased by 3 percent.
- Operating profit from product areas1) increased by 6 percent to 994 MSEK (939) for the first quarter. In local currencies, operating profit from product areas1) increased by 1 percent.
- Operating profit2) amounted to 1,232 MSEK (1,711) for the first quarter, and included larger one-time items of 238 MSEK relating to the capital gains from divestment of shares in Scandinavian Tobacco Group (STG) and sale of land. The prior year included larger one-time items of 704 MSEK relating to the capital gains from divestment of shares in STG and divestment of a distribution center property.
- Profit for the period amounted to 930 MSEK (1,404) for the first quarter.
- Earnings per share amounted to 5.06 SEK (7.44) for the first quarter. Earnings per share excluding larger one-time items and share of net profit in STG amounted to 3.76 SEK (3.35).
- In January, as previously announced, Swedish Match reduced its ownership in STG from 18.1 percent to 9.1 percent.
1) Operating profit for Swedish Match product areas, which excludes larger one-time items and share of net profit in STG.
2) Operating profit for the Group includes larger one-time items and share of net profit in STG.
Swedish Match Annual General Meeting 2017
Göteborgs Rapé Strong is back - now in the ordinary range
SwedenEffective April 24, Swedish Match is relaunching Göteborgs Rapé Strong, a stronger variety of the classic Göteborgs Rapé White.
Notice to the Annual General Meeting in Swedish Match AB (publ)
The shareholders of Swedish Match AB (publ), Reg. No. 556015-0756, are hereby notified of the Annual General Meeting to be held on Thursday, May 4, 2017, at 15.30 CET at the cinema Skandia, Drottninggatan 82, Stockholm, Sweden.
Swedish Match publishes annual report for 2016
Swedish Match’s annual report for 2016 has been published and is available at the Group’s website, www.swedishmatch.com/annual-reports.
New e-commerce service from Swedish Match – entire snus range available online
SwedenFrom March 1, people living in Sweden will be able to order Swedish Match’s entire snus range online. With the new e-commerce service, www.swedishmatch.se, you can order the entire snus range, make your own snus blend and have it delivered directly to your door. You can also order freshly made snus, meaning the factory’s latest production. Naturally, the website includes age control for purchasing to ensure that the products are only sold to people over 18.
New member proposed for Swedish Match Board of Directors
At the upcoming Annual General Meeting on May 4, 2017, the Nominating Committee of Swedish Match AB will propose the election of Pauline Lindwall as a new member of the Swedish Match Board of Directors.
Full Year Report January – December 2016
- Sales increased by 6 percent to 3,957 MSEK (3,719) for the fourth quarter and by 7 percent to 15,551 MSEK (14,486) for the full year. In local currencies, sales increased by 3 percent for the fourth quarter and by 7 percent for the full year.
- Operating profit from product areas1) increased by 5 percent to 954 MSEK (908) for the fourth quarter and by 8 percent to 3,990 MSEK (3,690) for the full year. In local currencies, operating profit from product areas1) was flat for the fourth quarter and increased by 8 percent for the full year.
- Operating profit2) amounted to 954 MSEK (908) for the fourth quarter and to 6,420 MSEK (4,008) for the full year. The operating profit2) for the full year includes larger one-time items of 2,109 MSEK relating to capital gains from the partial divestments of STG and an unrealized gain from revaluing Swedish Match’s remaining holding in STG to market value as well as 145 MSEK related to the sale of a distribution center (prior year included a restructuring provision of 42 MSEK).
- Earnings per share (basic) amounted to 3.61 SEK (3.34) for the fourth quarter and to 27.38 SEK (14.48) for the full year. Earnings per share for the fourth quarter and the full year, excluding STG and adjusted for larger one-time items, amounted 3.61 SEK (3.34) and to 14.39 SEK (12.79), respectively.
- During 2016, Swedish Match distributed the proceeds from the two divestments of shares in STG as two special dividends of 12.00 SEK and 9.50 SEK per share, in total 4,016 MSEK.
- Following the close of the period Swedish Match reduced its ownership in STG from 18.1 percent to 9.1 percent.
- The Board of Directors proposes a dividend of 16.00 SEK per share consisting of an increased ordinary dividend of 8.50 SEK (8.00) and a special dividend of 7.50 SEK, following Swedish Match’s divestment of shares in STG in January 2017.
1) Operating profit for Swedish Match product areas, which excludes larger one-time items and share of net profit in STG.
2) Operating profit for the Group includes larger one-time items and share of net profit in STG. The full year 2016 only includes Swedish Match’s share of STG’s net profit until the date of partial divestment in September, thereafter, the shareholding in STG has been reclassified as a financial asset. The full year 2015 includes only the first nine months of net profit in STG due to transition to a one quarter lag in Swedish Match’s reporting for STG. Thereby, the fourth quarter in 2016 and 2015 do not include any share of net profit in STG. See Note 3.
Swedish Match intends to appeal the decision by the Swedish Patent and Market Court
During 2012, Swedish Match initiated a standardized labelling system in its own snus coolers placed in stores at no cost to the retailers.
With Kaliber+ we’ve added more of the best
SwedenAt the end of January, the latest addition to the Swedish Match range, Kaliber+, was launched widely in the Swedish retail trade. Kaliber+ is a further development of the Kaliber series, in which Swedish Match has prioritized a stronger product with a more fully packed portion and greater flavor. Two varieties of Kaliber+ will be launched, original and white, at a price of SEK 29 per can in Swedish Match Stores.
Sale of shares in Scandinavian Tobacco Group A/S
Swedish Match announces intention to place a portion of its shares of Scandinavian Tobacco Group A/S
Swedish Match Extraordinary Shareholders’ Meeting 2016
At the Extraordinary Shareholders’ Meeting of Swedish Match AB (publ) on December 16, it was resolved, in accordance with the proposal of the Board of Directors, to pay a special dividend of 9.50 SEK per share.
FDA issues a response to application from Swedish Match
Swedish Match was informed earlier today by the FDA that General Snus will not, for the time being, be designated as a Modified Risk Tobacco Product - MRTP. The FDA did, however, outline the process forward and encouraged Swedish Match to continue its efforts to seek modified risk status for General Snus. Swedish Match interprets their position as wanting to further discuss on how to best communicate a modified risk message to the general public.
Launch of General Kardus 2017 postponed until late February
SwedenThe launch of the 2017 edition of General Kardus has been postponed until the end of February. For the past two years, the annual edition of General Kardus has been released on December 1 and this was also the goal for the 2017 edition. The reason for the delay is that the original product did not meet all of Swedish Match’s quality requirements for the tobacco blend used in General Kardus.
Brand-new beer snus from Swedish Match – Göteborgs Rapé Humle
SwedenSwedish Match is launching its first beer snus, Göteborgs Rapé Humle, which has been developed in partnership with Fjäderholmarna Brewery.
Put the used pouch in the garbage
SwedenAccording to information published by the Swedish Water & Wastewater Association on November 17, an amount equivalent to 1,100 tons of snus is thrown in the toilet bowl every year. Swedish Match therefore wants to appeal to all users of snus, which total over a million Swedes, to always use the garbage can.
Notice to the Extraordinary Shareholders’ Meeting in Swedish Match AB (publ)
The shareholders of Swedish Match AB (publ), Reg. No. 556015-0756, are hereby notified of the Extraordinary Shareholders’ Meeting to be held on Friday, December 16, 2016, at 09.00 CET at Sveavägen 44, Stockholm, Sweden.
Interim Report January – September 2016
- Sales increased by 10 percent to 4,118 MSEK (3,756) for the third quarter. In local currencies, sales increased by 9 percent.
- Operating profit from product areas1) increased by 11 percent to 1,089 MSEK (979) for the third quarter. In local currencies, operating profit from product areas1) also increased by 11 percent.
- Operating profit2) amounted to 2,694 MSEK (1,065) for the third quarter, including larger one-time items of 1,550 MSEK relating to a capital gain from the partial divestment of STG and an unrealized gain from revaluing Swedish Match’s remaining shareholding in STG to market value.
- Earnings per share amounted to 12.32 SEK (3.84) for the third quarter. Earnings per share, excluding STG and adjusted for larger one-time items amounted to 3.76 SEK (3.39).
- In September, Swedish Match reduced its ownership in STG from 31.1 percent to 18.1 percent. The Board of Directors propose to distribute the proceeds from this sale as a special dividend of 9.50 SEK per share subject to approval by an extraordinary shareholders’ meeting on December 16.
- In September, a public bond of 300 MEUR was issued with the primary purpose of refinancing a larger bond maturity falling due in November 2017.
1) Operating profit for Swedish Match product areas, which excludes larger one-time items and share of net profit in STG.
2) Operating profit for the Group includes larger one-time items and share of net profit in STG. Swedish Match’s share of net profit in STG is reported with a one quarter lag. The third quarter only includes Swedish Match’s share of STG’s net profit until the date of partial divestment in September 2016, thereafter, the shareholding in STG has been reclassified as a financial asset.
Swedish Match’s Board of Directors has resolved to propose special dividend
The Board of Directors of Swedish Match has resolved to propose a special dividend of 9.50 SEK per share at an extraordinary general meeting that will be held in Stockholm, Sweden, on December 16, 2016.
Swedish Match has issued new notes
Swedish Match has today completed an issuance of new notes in the Euro market. A total of EUR 300 million was issued with a 8 year tenor with a coupon of 0.875%. The notes have been hedged into SEK. The proceeds will be used for refinancing of existing indebtedness and for general corporate purposes.
Swedish Match is contemplating issuance of public note and a tender of part of outstanding note
Swedish Match is contemplating the issuance of senior unsecured EUR denominated notes and a tender of part of Swedish Match’s outstanding EUR denominated notes due 24 November 2017. A capital markets transaction will follow, subject to market conditions.
Sale of shares in Scandinavian Tobacco Group A/S
Swedish Match announces intention to place a portion of its shares of Scandinavian Tobacco Group A/S
Half Year Report January – June 2016
- Sales increased by 8 percent to 3,920 MSEK (3,644) for the second quarter. In local currencies, sales increased by 10 percent.
- Operating profit from product areas1) increased by 8 percent to 1,008 MSEK (937) for the second quarter. In local currencies, operating profit from product areas1) increased by 11 percent.
- Growth of sales and operating profit from product areas1) was positively affected by calendar effects in Scandinavia (timing of Easter and differences in number of delivery days).
- Operating profit2) amounted to 1,061 MSEK (1,021) for the second quarter.
- Earnings per share amounted to 4.01 SEK (3.62) for the second quarter. Adjusted earnings per share3) amounted to 4.01 SEK (3.79).
- The outlook has been updated based on the developments during the first six months, but remains broadly the same as the previous outlook for the full year.
1) Operating profit for Swedish Match product areas, which excludes larger one-time items and share of net profit in STG.
2) Operating profit for the Group includes larger one-time items and share of net profit in STG. Swedish Match’s share of net profit in STG is reported with a one quarter lag. For the second quarter 2016, Swedish Match’s reported share of STG’s net profit represents 31.1 percent of STG’s first quarter 2016 net profit.
3) Adjusted for Swedish Match’s larger one-time items in 2015.
Swedish Match (publ) share capital and total number of shares
In accordance with the resolution at the Annual General Meeting on April 28, 2016, Swedish Match AB (publ) has cancelled 7,750,000 repurchased treasury shares.
Swedish Match appoints Fredrik Peyron as Senior Vice President Regulatory Affairs and Group Communications
As of May 16 2016, Fredrik Peyron has been appointed new Senior Vice President Regulatory Affairs and Group Communications. Fredrik has worked in different capacities at Swedish Match during the years 2000-2014, and he has also been the General Counsel at Autoliv.
Swedish Match launches Göteborgs Rapé Stark
SwedenSwedish Match and Salong Betong tattoo studio in brand new design collaboration
Interim Report January – March 2016
- Sales increased by 6 percent to 3,557 MSEK (3,368) for the first quarter. In local currencies, sales increased by 7 percent.
- Operating profit from product areas1) increased by 8 percent to 939 MSEK (866) for the first quarter. In local currencies, operating profit from product areas1) increased by 10 percent.
- Growth of sales and operating profit from product areas1) was positively affected by lower trade destocking in Scandinavia in 2016 than in 2015.
- Operating profit2) amounted to 1,711 MSEK (1,014) for the first quarter, including larger one-time items of 704 MSEK relating to the capital gains of the previously announced partial divestment of STG and the divestment of distribution center real estate.
- Earnings per share amounted to 7.44 SEK (3.68) for the first quarter. Adjusted earnings per share increased by 9 percent to 3.71 SEK (3.40)3).
- As previously announced, STG was listed on Nasdaq Copenhagen during the first quarter and in connection with the listing, Swedish Match reduced its ownership in STG from 49 percent to 31.1 percent.
1) Operating profit for Swedish Match product areas, which excludes larger one-time items and share of net profit in STG.
2) Operating profit for the Group includes larger one-time items and share of net profit in STG. Swedish Match’s share of net profit in STG is reported with a one quarter lag. For the first quarter 2016, Swedish Match’s reported share of STG’s net profit represents 31.1 percent of STG’s fourth quarter 2015 net profit.
3) Adjusted for Swedish Match’s larger one-time items in 2016 and the adjustment of share of profit in STG for the reassessment of useful lives of certain assets (primarily trademarks) in the first quarter 2015.
Swedish Match Annual General Meeting 2016
Swedish Match publishes annual report for 2015
Swedish Match’s annual report for 2015 has been published and is available at the Group’s website, www.swedishmatch.com/annual-reports.
Notice to the Annual General Meeting in Swedish Match AB (publ)
The shareholders of Swedish Match AB (publ), Reg. No. 556015-0756, are hereby notified of the Annual General Meeting to be held on Thursday, April 28, 2016, at 15.30 CET at the cinema Skandia, Drottninggatan 82, Stockholm, Sweden.
New limit values for GOTHIATEK®
SwedenSwedish Match is now lowering the limit values for undesired substances in snus and is also adding limit values for other undesired substances.
Swedish Match comments on the exercise in part of the overallotment option in connection with the IPO of STG
General Mackmyra – a snus with the flavor of Swedish malt whisky
SwedenTo celebrate General’s 150th anniversary, Swedish Match has teamed with Swedish whisky maker Mackmyra to develop a whisky snus that combines the craftsmanship of snus blending and whisky making in a joint product offering.
Full Year Report January – December 2015
- Sales for the full year increased by 9 percent to 14,486 MSEK (13,305) and for the fourth quarter by 5 percent to 3,719 MSEK (3,536). In local currencies, sales increased by 2 percent for both the full year and for the fourth quarter.
- Operating profit from product areas1) for the full year increased by 7 percent to 3,690 MSEK (3,446) and for the fourth quarter by 1 percent to 908 MSEK (900). In local currencies, operating profit from product areas1) declined by 2 percent for the full year and declined by 4 percent for the fourth quarter.
- Swedish Match has, beginning this reporting period, started reporting its share of STG’s net profit with a one quarter lag, due to differences in reporting schedules between Swedish Match and STG. Due to this, no net profit from STG was recognized for the October-December 2015 period.
- Operating profit2) (excluding share of STG’s net profit for the fourth quarter 2015 due to changed reporting) amounted to 4,008 MSEK (3,780) for the full year and to 908 MSEK (992) for the fourth quarter.
- EPS (basic) for the full year amounted to 14.48 SEK (13.23) and to 3.34 SEK (3.55 including 0.47 from share of net profit in STG) for the fourth quarter. The decline in EPS for the fourth quarter was fully attributable to the changed reporting relating to STG.
- The Board of Directors proposes a dividend of 20.00 SEK per share consisting of an increased ordinary dividend of 8.00 SEK (7.50) and a special dividend of 12.00 SEK, following Swedish Match’s partial divestment of STG in conjunction with the listing of STG on Nasdaq Copenhagen.
- Following the close of the period STG was listed on Nasdaq Copenhagen and Swedish Match reduced its ownership from 49 percent to 31.2 percent.
1) Operating profit for Swedish Match product areas, which excludes share of net profit in STG.
2) Operating profit for the Group includes larger one-time items and share of net profit in STG.
Swedish Match comments on the completion of the IPO of Scandinavian Tobacco Group and the Board of Directors’ propose a special dividend to Swedish Match’s shareholders
XRANGE (XR) grows and adds two new products
SwedenSwedish Match launched XR in April 2015. After just over nine months on the market, it has grown to become the ninth largest snus brand in Sweden, capturing a market share of nearly 6 percent. Now XR is growing further and adding two new products: XR Grov and XR General Salmiak. This will therefore be the first time the Grov brand will be available in the XR format.
Swedish Match starts reporting its share of results from Scandinavia Tobacco Group based on a one quarter lag
Swedish Match announces that Scandinavian Tobacco Group A/S publishes offering circular in connection with its contemplated IPO.
NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN. This announcement does not constitute an offering circular and nothing herein contains an offering of securities. No one should purchase or subscribe for any securities in Scandinavian Tobacco Group A/S (“STG”) except on the basis of information in any offering circular published by STG in connection with the potential offering and admission of such securities to trading and official listing on Nasdaq Copenhagen A/S (“Nasdaq Copenhagen”). Copies of any such offering circular will, following publication, be available from STG’s registered office and on the website of the STG.
Solstickan – Birthday celebrations for famous 80-year old boy
SwedenSince 1936, the famous Solstickan boy has been portrayed on most match boxes sold in Sweden. For every product sold under the Solstickan brand, a portion of sales goes to The Solstickan Foundation. The foundation works for the benefit of children and the elderly by granting project funds, research scholarships and an annual Solstickan Award. Since its inception, over 100 million SEK has been donated by the foundation to different charities.
Swedish Match comments on the announced intention to launch an Initial Public Offering of Scandinavian Tobacco Group
Swedish Match launches General Kardus Fäviken 2016
Sweden2016 marks the 150th anniversary of General, Scandinavia’s largest snus brand. To celebrate this, Swedish Match is launching the exclusive snus General Kardus Fäviken 2016, created by perfectionist Johan A Boman in 1866 and now interpreted by Chef Magnus Nilsson at Fäviken Magasinet – 150 years later.
Swedish Match comments on the strategic review of STG
Further to the announcement in the press release of February 9, 2015, the strategic review to identify future opportunities for Scandinavian Tobacco Group (STG) has continued. As part of the review, STG management has together with its Board of Directors established expectations with regard to the financial development for STG Group.
Interim Report January – September 2015
- Sales for the third quarter increased by 10 percent to 3,756 MSEK (3,416). In local currencies, sales were up 4 percent, with increases across all product areas.
- Operating profit from product areas1) for the third quarter increased by 12 percent to 979 MSEK (874). In local currencies operating profit from product areas1) was up by 4 percent.
- Operating profit2) amounted to 1,065 MSEK (989) for the third quarter, negatively impacted by restructuring costs in Swedish Match’s share of net profit from associated companies.
- EPS (basic) for the third quarter amounted to 3.84 SEK (3.50).
1) Operating profit for Swedish Match product areas, which excludes share of net profit in STG.
2) Operating profit for the Group includes share of net profit in STG. Share of profit in STG includes restructuring costs of 45 MSEK.
Mustang – A robust snus from Swedish Match
SwedenSwedish Match’s new venture in the low-price segment is named Mustang.
Long-awaited comeback of Göteborgs Rapé Original
SwedenGöteborgs Rapé Original was withdrawn from the Swedish Match range at the start of the 2000s to make way for the innovative Göteborgs Rapé White, which is now one of the best-selling snus products in Sweden.
Swedish Match releases seasonal edition “Ettan Jakt”
SwedenFor the autumn season, Swedish Match is launching a special edition of its traditional brand Ettan. It has been named Ettan Jakt and is a limited design edition of Ettan loose.
Half Year Report January – June 2015
- Sales for the second quarter increased by 9 percent to 3,644 MSEK (3,339). In local currencies, sales were marginally higher than prior year.
- Operating profit from product areas1) for the second quarter increased by 9 percent to 937 MSEK (862). In local currencies operating profit from product areas1) declined by 1 percent.
- Operating profit2) amounted to 1,021 MSEK (941) for the second quarter. Excluding a restructuring provision of 42 MSEK related to the relocation of distribution facilities in Sweden, recognized as a larger one-time item, operating profit amounted to 1,063 MSEK (941).
- EPS (basic) for the second quarter amounted to 3.62 SEK (3.27). Adjusted EPS3) amounted to 3.79 SEK (3.27).
1) Operating profit for Swedish Match product areas, which excludes larger one-time items and share of net profit in STG.
2) Operating profit for the Group includes larger one-time items and share of net profit in STG.
3) Adjusted for larger one-time item.
Swedish Match and Philip Morris International to dissolve smokeless joint venture
Swedish Match and Philip Morris International (PMI) have mutually agreed to dissolve their joint venture agreement relating to the sale of smokeless tobacco products outside Scandinavia and the US.
- Swedish Match to continue to sell General snus in Canada, Russia and Malaysia
- Swedish Match sees good opportunities for its snus products internationally over the longer term
Swedish Match opens store in the capital of snus, Gothenburg
SwedenToday, July 3, Swedish Match is opening a snus store on Kungstorget in Gothenburg. The store will offer adult snus users a unique experience in the craftsmanship, history and quality of snus. In conjunction with the opening, a limited edition of the snus product, Göteborgs Rapé, will be launched as a tribute to Gothenburg.
Swedish Match (publ) share capital and total number of shares
In accordance with the resolution at the Annual General Meeting on April 23, 2015, Swedish Match AB (publ) has cancelled 4,000,000 repurchased treasury shares.
Interim Report January – March 2015
- Sales for the first quarter increased by 12 percent to 3,368 MSEK (3,014). In local currencies, sales increased by 1 percent.
- Operating profit from product areas1) for the first quarter increased by 7 percent to 866 MSEK (809). In local currencies operating profit from product areas1) declined by 4 percent.
- Sales and operating profit from product areas during the first quarter were negatively impacted by trade destocking of snus in Scandinavia following excise tax increases on January 1st.
- Operating profit2) amounted to 1,014 MSEK (858) for the first quarter. The operating profit2) was positively affected by an adjustment of the share of net profit in STG of 56 MSEK relating to a reassessment of useful lives primarily of trademarks in STG.
- EPS (basic) for the first quarter amounted to 3.68 SEK (2.91). EPS (basic) excluding the STG adjustment amounted to 3.40 SEK (2.91).
1) Operating profit for Swedish Match product areas, which excludes share of net profit in STG.
2) Operating profit for the Group includes share of net profit in STG.
Swedish Match Annual General Meeting 2015
XRANGE – The year’s biggest launch from Swedish Match
SwedenIn April, Swedish Match is launching Sweden’s first brand-transcending snus series: XRANGE. The snus series comprises five portion-packed products from three of Sweden’s classic brands: General, Göteborgs Rapé and Catch. XRANGE is a competitively priced product in a discreet portion pouch that is less runny and keeps its flavor longer.
Swedish Match publishes annual report for 2014
Swedish Match’s annual report for 2014 has been published and is available at the Group’s website, www.swedishmatch.com/annual-reports.
Notice to the Annual General Meeting in Swedish Match AB (publ)
The shareholders of Swedish Match AB (publ), Reg. No. 556015-0756, are hereby notified of the Annual General Meeting to be held on Thursday, April 23, 2015, at 16.30 CET at Citykonferensen, Malmskillnadsgatan 46, Stockholm, Sweden.
Full Year Report January – December 2014
- Sales for the full year increased by 6 percent to 13,305 MSEK (12,610) and for the fourth quarter by 11 percent to 3,536 MSEK (3,178). In local currencies, sales increased by 4 percent for the full year and by 7 percent for the fourth quarter.
- Operating profit from product areas1) for the full year increased by 2 percent to 3,446 MSEK (3,375) and for the fourth quarter by 8 percent to 900 MSEK (835). In local currencies, operating profit from product areas1) increased by 1 percent for the full year and by 4 percent for the fourth quarter.
- Operating profit2) amounted to 3,780 MSEK (3,855 including a capital gain of 161 MSEK) for the full year and to 992 MSEK (932) for the fourth quarter.
- EPS (basic) for the full year amounted to 13.23 SEK (13.63) and 3.55 SEK (3.43) for the fourth quarter. EPS (basic), excluding larger one-time items, for the full year amounted to 13.23 SEK (12.82).
- The Board proposes an increased dividend to 7.50 SEK (7.30).
1) Operating profit for Swedish Match product areas, which excludes share of net profit in STG and larger one-time items.
2) Operating profit for the Group includes share of net profit in STG and larger one-time items.
Swedish Match – update on Scandinavian Tobacco Group
As communicated earlier, Swedish Match with the other shareholder of Scandinavian Tobacco Group (STG) have engaged advisors to assess strategic alternatives with regards to STG. In the strategic review further opportunities have been identified and the shareholders of STG have agreed that it is in their best interests to continue growing STG under the leadership of Niels Frederiksen, the newly appointed CEO, in view of a potential future Initial Public Offering.
Swedish Match comments on Competition Authority lawsuit
As previously communicated the Swedish Competition Authority has been conducting an investigation regarding a uniform labelling system for snus coolers owned by Swedish Match and placed in retail outlets. On December 9, 2014 the Competition Authority submitted a lawsuit to the Stockholm district court. In its submission, the Competition Authority alleges that Swedish Match, when implementing the labelling system, has abused a dominant position on the Swedish snus market in breach of the competition legislation. Swedish Match does not agree with this allegation and will defend the case vigorously.
Swedish Match launches its most exclusive snus – Ever
SwedenIt has taken Swedish Match over two years to develop General Kardus Selection 2015 – an effort that has resulted in Swedish Match’s most exclusive snus ever. A limited amount of 4,000 individually numbered containers has been manufactured with a recommended store price of SEK 799.
Red Man – the flagship of chewing tobacco
The Red Man brand of chewing tobacco is so strong that it is almost synonymous with the entire product category. But success did not happen by itself. More than 100 years of brand management and product development stand behind Red Man’s leading position in the market for chewing tobacco.
Interim Report January – September 2014
- Sales for the third quarter increased by 6 percent to 3,416 MSEK (3,230). In local currencies, sales increased by 3 percent.
- Operating profit from product areas1) for the third quarter increased by 5 percent to 874 MSEK (836) and by 2 percent in local currencies.
- Operating profit from product areas1) was also up by 2 percent in local currencies when adjusted for increased costs related to international snus and restructuring charges in 2013.
- Operating profit2) amounted to 989 MSEK (924) for the third quarter.
- EPS (basic) for the third quarter increased by 11 percent to 3.50 SEK (3.15).
1) Operating profit for Swedish Match product areas, which excludes share of net profit in STG and larger one-time items.
2) Operating profit for the Group includes share of net profit in STG and larger one-time items.
First flavored snus – largest flavored snus brand
SwedenWhen Catch Licorice snus was launched in 1984, it was the first brand in the Swedish market to offer portion-packed snus with a non-traditional snus flavor. Thirty years later, the Catch family has grown to become one of Sweden’s largest snus brands through a successful innovation effort focusing on flavoring, portion optimization and moisture content.
Nick & Johnny change style
SwedenIn autumn 2014, the brand concept for Nick & Johnny will be renewed in the form of a design change, a name change and recipe improvements.
FDA seeks comments on the Swedish Match MRTP application
The Modified Risk Tobacco Product (MRTP) application submitted by Swedish Match has been determined to be complete and filed by the US Food and Drug Administration (FDA) Center for Tobacco Products (CTP).
Half Year Report January – June 2014
- Sales for the second quarter increased by 4 percent to 3,339 MSEK (3,220). In local currencies, sales for the second quarter also increased by 4 percent.
- Operating profit from product areas1) declined for the second quarter by 1 percent to 862 MSEK (871). In local currencies, operating profit from product areas1) also declined by 1 percent for the second quarter.
- Operating profit2) amounted to 941 MSEK (968) for the second quarter.
- EPS (basic) for the second quarter amounted to 3.27 SEK (3.34).
1) Operating profit for Swedish Match product areas, which excludes share of net profit in STG and larger one-time items.
2) Operating profit for the Group includes share of net profit in STG and larger one-time items.
Swedish Match submits a Modified Risk Tobacco Product (MRTP) application
• Application seeks a risk modification order which would allow changes to warning label statements currently required for smokeless tobacco products
• Application includes extensive research findings on Swedish snus
• Swedish Match has been actively engaged in the FDA regulatory science process
Swedish Match AB (publ) share capital and total numbers of shares
Interim Report January – March 2014
· Sales for the first quarter increased by 1 percent to 3,014 MSEK (2,982). In local currencies, sales for the first quarter increased by 2 percent.
· Operating profit from product areas1) declined for the first quarter by 3 percent to 809 MSEK (832). In local currencies, operating profit from product areas1) also declined by 3 percent for the first quarter.
· Operating profit2) amounted to 858 MSEK (1,031 or 872 excluding larger one-time items) for the first quarter.
· EPS (basic) for the first quarter amounted to 2.91 SEK (3.72) while EPS (basic) excluding larger one-time items amounted to 2.91 SEK (2.92).
1) Operating profit for Swedish Match product areas, which excludes share of net profit in STG and larger one-time items.
2) Operating profit for the Group includes share of net profit in STG and larger one-time items.
Swedish Match Annual General Meeting 2014
World's second snus store opens in Strömstad
SwedenIn December 2012, Swedish Match opened the doors to the world’s first snus store on Kungsgatan in Stockholm, Sweden. It quickly became a success, with more than 70,000 visitors in the first year. Swedish Match has now decided to follow up the success with a second store in Nordby Shopping Center in Strömstad, in collaboration with Orvelins. The stores are a meeting place for all the snus users in the world, where they will be given a unique opportunity to receive personal assistance and information from competent store staff.
Annual General Meeting in Swedish Match AB (publ)
Swedish Match publishes annual report for 2013
Swedish Match’s annual report for 2013 has been published and is available at the Group’s website, www.swedishmatch.com/.
Full Year Report January – December 2013
· Sales for the full year increased by 1 percent to 12,610 MSEK (12,486) and for the fourth quarter by 1 percent to 3,178 MSEK (3,148). In local currencies, sales for both the full year and the fourth quarter increased by 3 percent.
· Operating profit from product areas1) for the full year declined by 8 percent to 3,375 MSEK (3,666) and for the fourth quarter by 5 percent to 835 MSEK (883). In local currencies, operating profit from product areas1) for the full year declined by 6 percent and by 5 percent for the fourth quarter.
· Operating profit2) amounted to 3,855 MSEK (4,062) for the full year and to 932 MSEK (986) for the fourth quarter.
· EPS (basic) for the full year amounted to 13.63 SEK (14.33) and for the fourth quarter to 3.43 SEK (3.93).
· The Board proposes an unchanged dividend of 7.30 SEK.
1) Operating profit for Swedish Match product areas, which excludes share of net profit in STG and larger one-time items.
2) Operating profit for the Group includes share of net profit in STG and larger one-time items.
Swedish Match launches new snus range – General Variation
SwedenThe story of General began back in 1866 with the founder Johan A Boman’s search for the perfect snus. It was a search that would require four years of experimentation before he was satisfied with his recipe. Today, General is recognized as the original Swedish snus and has grown to become one of the world’s best-known snus brands. In keeping with this heritage, Swedish Match has now developed a new product range focused on sophisticated flavors, genuine craftsmanship and multifaceted enjoyment. General Variation - A flavorsome evolution of the original Swedish snus.
Interim Report January – September 2013
• Operating profit from product areas1) for the third quarter includes restructuring charges of 28 MSEK and declined by 11 percent to 836 MSEK (942).
• In local currencies, operating profit from product areas1) for the third quarter declined by 10 percent or 7 percent excluding restructuring charges.
• Operating profit2) declined by 10 percent to 924 MSEK (1,022) for the third quarter.
• EPS (basic) for the third quarter amounted to 3.15 SEK (3.41).
1) Operating profit for Swedish Match product areas, which excludes share of net profit in STG.
2) Operating profit for the Group includes share of net profit in STG.
New look for General snus is unveiled in the US
USASmart, revolutionary new packaging for General snus was unveiled this week at the National Association of Convenience Stores (NACS) annual trade show in Atlanta, Georgia.
Revised outlook for US cigars
Swedish Match names President of reorganized Scandinavia Division and new Chief Financial Officer
Half Year Report January – June 2013
· Sales for the second quarter amounted to 3,220 MSEK (3,213). In local currencies, sales for the second quarter increased by 3 percent.
· Operating profit from product areas1) for the second quarter declined by 7 percent to 871 MSEK (938). In local currencies, operating profit from product areas1) for the second quarter declined by 5 percent.
· Operating profit2) declined by 11 percent to 968 MSEK (1,082) for the second quarter.
· EPS (basic), excluding larger one-time items, for the second quarter amounted to 3.33 SEK (3.57).
1) Operating profit for Swedish Match product areas, which excludes share of net profit in STG and larger one-time items.
2) Operating profit for the Group includes share of net profit in STG and larger one-time items.
Game introduces Red cigarillos
USAGame by Garcia y Vega announces the latest innovation in cigarillos, FoilFresh® Red.
Swedish Match share capital and total numbers of shares
Interim Report January – March 2013
· Sales for the first quarter increased by 2 percent to 2,982 MSEK (2,917). In local currencies, sales for the first quarter increased by 5 percent.
· Operating profit from product areas1) for the first quarter declined by 8 percent to 832 MSEK (903). In local currencies, operating profit from product areas1) for the first quarter declined by 6 percent.
· Operating profit2) increased by 6 percent to 1,031 MSEK (972) for the first quarter, and includes an additional capital gain of 159 MSEK on the disposal of the former head office site in Stockholm.
· EPS (basic) for the first quarter increased by 14 percent to 3.72 SEK (3.27), excluding larger one-time items EPS (basic) declined by 11 percent to 2.92 SEK (3.27).
1. Operating profit for Swedish Match product areas, which excludes share of net profit in STG and larger one-time items.
2. Operating profit for the Group includes share of net profit in STG and larger one-time items.
General introduces tailored snus
SwedenGeneral Tailored is a new, customized portion snus. The portion pouches are softer, with optimum fit and a sleeker can. This is all done to offer a tailored snus experience, down to the last detail. The flavor is classic General, but with distinct elements of bergamot.
Swedish Match Annual General Meeting 2013
Swedish Match publishes annual report for 2012
Swedish Match’s annual report for 2012 has been published and is available at the Group’s website, www.swedishmatch.com/annual-reports/.
Annual General Meeting of Swedish Match AB (publ)
New member proposed for Swedish Match Board of Directors
Full Year Report January – December 2012
· Sales for the full year increased by 7 percent to 12,486 MSEK (11,666) and for the fourth quarter by 3 percent to 3,148 MSEK (3,064). In local currencies, sales for the full year increased by 6 percent and for the fourth quarter by 4 percent
· Operating profit from product areas1) for the full year increased by 9 percent to 3,666 MSEK (3,365). For the fourth quarter operating profit from product areas1) decreased by 2 percent to 883 MSEK (898). In local currencies, operating profit from product areas1) for the full year increased by 8 percent and was flat for the fourth quarter
· Operating profit2) amounted to 4,062 MSEK (3,702) for the full year and to 986 MSEK (1,022) for the fourth quarter
· EPS (basic) for the full year increased by 18 percent to 14.33 SEK (12.14) and for the fourth quarter by 15 percent to 3.93 SEK (3.42)
· The Board proposes an increased dividend to 7.30 SEK (6.50)
1. Operating profit for Swedish Match product areas, which excludes share of net profit in STG and larger one time items.
2. Operating profit for the Group includes share of net profit in STG and larger one time items.
White Owl and Game introduce the new standard in cigarillos
USAWhite Owl and Game by Garcia y Vega proudly announce the latest innovation in cigarillos, FoilFresh® Gold!
Interim Report January – September 2012
· Sales for the third quarter increased by 7 percent to 3,208 MSEK (3,011) and by 6 percent in local currencies
· Operating profit from product areas1) for the third quarter increased by 4 percent to 942 MSEK (909) and by 3 percent in local currencies
· Operating profit2) increased by 4 percent to 1,022 MSEK (983) for the third quarter
· EPS (basic) for the third quarter increased by 4 percent to 3.41 SEK (3.28), EPS (basic) for the first nine months increased by 19 percent to 10.40 SEK (8.72)
1. Operating profit for Swedish Match product areas, which excludes share of net profit in STG and larger one time items.
2. Operating profit for the Group includes share of net profit in STG and larger one time items.
Comments by Swedish Match to the press release from the European Commission
Kardus 2012 has a fragrance of sun and sherry
SwedenThe tobacco in this year’s edition of Kardus is from the small village of Cincho in western Spain. As always, it has been carefully selected and handled meticulously to satisfy the demands of the most discerning snus users in Sweden. Only a few will have the opportunity to sample this exclusive edition, since only 600 packages will be released for sale, just in time for Father’s Day.
General seeks its roots with new design
SwedenGeneral is Sweden’s most widely sold snus and the brand is growing in global popularity. Following 150 years and more than 20 different packaging designs worldwide, General is introducing a new contemporary design with solid links to the brand’s history.
Half Year Report January – June 2012
· Sales for the second quarter increased by 9 percent to 3,213 MSEK (2,944) and by 6 percent in local currencies
· Operating profit from product areas1) for the second quarter increased by 13 percent to 938 MSEK (829) and by 9 percent in local currencies
· Operating profit2) increased by 20 percent to 1,082 MSEK (904) for the second quarter
· EPS (basic) for the second quarter increased to 3.72 SEK (2.94)
1. Operating profit for Swedish Match product areas, which excludes share of net profit in STG and larger one time items.
2. Operating profit for the Group includes share of net profit in STG and larger one time items.
White Owl and Game introduces new cigarillo
USASwedish Match share capital and total numbers of shares
The Solstickan Award for 2012 goes to Stina-Clara Hjulström
Nick & Johnny snus launched in Sweden
SwedenIn June, Swedish Match introduced the snus brand Nick & Johnny in Sweden. The brand stand out with its urban design and distinctive assortment.
Swedish Match announces new USA unit
Interim Report January – March 2012
· Sales for the first quarter increased by 10 percent to 2,917 MSEK (2,646). In local currencies, sales for the first quarter increased by 9 percent
· Operating profit from product areas1) for the first quarter increased by 24 percent to 903 MSEK (729). In local currencies, operating profit from product areas1) increased by 22 percent
· Operating profit2) increased by 23 percent to 972 MSEK (793) for the first quarter
· EPS (basic) for the first quarter amounted to 3.27 SEK (2.50)
1. Operating profit for Swedish Match product areas, which excludes share of net profit in STG.
2. Operating profit for the Group includes share of net profit in STG.
Swedish Match Annual General Meeting 2012
Swedish Match Introduces an Industry First
USASwedish Match publishes annual report for 2011
Swedish Match annual report 2011 has been published and is available at the Group’s website.
Annual General Meeting of Swedish Match AB (publ)
Full Year Report January – December 2011
· Comparable sales1) for the full year increased by 4 percent to 11,666 MSEK (11,222) and for the fourth quarter by 9 percent to 3,064 MSEK (2,801). In local currencies, comparable sales1) for the full year increased by 8 percent and for the fourth quarter by 10 percent. Sales for the full year 2010 including businesses transferred to STG amounted to 13,606 MSEK
· Comparable operating profit2) for thefull year increased by 7 percent to 3,365 MSEK (3,158) and for the fourth quarter by 7 percent to 898 MSEK (836). In local currencies, comparable operating profit2) for the full year increased by 11 percent and for the fourth quarter by 7 percent
· Operating profit including businesses transferred to STG in 2010, share of net profit from STG and larger one time items3) amounted to 3,702 MSEK (4,169) for the full year, and to 1,022 MSEK (1,421) for the fourth quarter
· EPS (basic) for the full year amounted to 12.14 SEK (9.92, or 13.12 including larger one time items) and for the fourth quarter to 3.42 SEK (2.06, or 4.85 including larger one time items)
· The Board proposes an increased dividend to 6.50 SEK (5.50)
1. Sales excluding businesses transferred to STG on October 1, 2010.
2. Operating profit excluding businesses transferred to STG on October 1, 2010, share of net profit from STG and larger one time items.
3. Larger one time items include reversals of amortizations and depreciations relating to assets held for sale in 2010. In the fourth quarter 2010 it also included a net gain from pension settlements as well as a capital gain from the transfer of businesses to STG.
Flavored launches
NorwayTaste is at the centre when Swedish Match Launches Radical Red Xtra Strong Chili by: Nick & Johnny and a new addition to the General Family: General Extra Strong Portion Long.
General launches mini-snus with the strength of a normal portion
SwedenGeneral presents Strong White Mini – a portion-packed snus in mini-format with the same nicotine strength as a normal portion. The flavor has the classic General character.
Catch Collection with a big-city flavor
SwedenCatch Collection will change flavors three times during 2012. The first flavor has been named Lafayette Street, inspired by the street with the same name in New York. This mini-snus has a mild tobacco character, with a flavor of spearmint, a touch of peppermint and a distinct sweetness.
Interim Report January – September 2011
· Comparable sales1) for the third quarter increased by 2 percent to 3,011 MSEK (2,964) and by 6 percent in local currencies. Sales for the third quarter of 2010 including businesses transferred to STG amounted to 3,823 MSEK
· Comparable operating profit2) for the third quarter increased by 4 percent to 909 MSEK (874) and by 9 percent in local currencies
· The share of net profit from Scandinavian Tobacco Group in the third quarter amounted to 74 MSEK, including restructuring charges of 61 MSEK before tax
· Operating profit including businesses transferred to STG last year, share of net profit from STG and larger one time items3) for the third quarter amounted to 983 MSEK (1,049)
· EPS (basic) for the third quarter amounted to 3.28 SEK (3.23)
1) Sales excluding businesses transferred to STG on October 1, 2010.
2) Operating profit excluding businesses transferred to STG on October 1, 2010, share of net profit from STG and larger one time items.
3) Larger one time items include reversals of amortizations and depreciations relating to assets held for sale in 2010.
Luxurious Kardus snus – a colorful tribute to Brazilian carnival
SwedenThis year’s version of the luxurious Kardus snus is called Carnival Blend and is a colorful tribute to Brazilian carnival, passion and pleasure. The tobacco is grown in selected plantations in southern Brazil and the flavor is from the country’s national liquor – a fruity cachaça.
Catch introduces mini-can snus with raspberry and pepper flavor
SwedenCatch Collection is presenting Thrill – a mini-can snus with the flavor of sun-ripe raspberry spiced with pepper for well-rounded sweetness. Thrill will be in stores in October and will remain in snus refrigerators until February 2012, when the next flavor is introduced.
Swedish Match first to launch snus made from ecologically grown tobacco
SwedenGeneral Green Harvest is the first snus to be made from ecologically grown tobacco. Green Harvest contains only tobacco from certified farmers and grown according to ecological principles. This means that no artificial fertilizers or insecticides are used.
Half Year Report January – June 2011
· Comparable sales1) for the second quarter increased by 3 percent to 2,944 MSEK (2,849) and by 11 percent in local currencies. Sales for the second quarter of 2010 including businesses transferred to STG amounted to 3,701 MSEK
· Comparable operating profit2) for the second quarter increased by 5 percent to 829 MSEK (793) and by 13 percent in local currencies
· Operating profit including businesses transferred to STG last year, share of net profit from STG and larger one time items3) for the second quarter amounted to 904 MSEK (945)
· EPS (basic) for the second quarter amounted to 2.94 SEK (2.78)
Swedish Match share capital and total number of shares
Solstickan Award for 2011 goes to H.M. Queen Silvia
Interim Report January – March 2011
Swedish Match Annual General Meeting 2011
Discreet snus in a tiny can
SwedenGeneral and Göteborgs Rapé are two of the most popular types of snus sold in Sweden. Both will now be available in even smaller cans, as snus in a mini format. The new cans will hold just as many portions as before and the snus will also be packed in an elegant star formation.
Little snus can becomes even smaller
SwedenCatch Collection Still, with a taste of violet and liquorice, made its debut in refrigerator displays in 2009. This popular snus is destined to make a comeback now that Catch consumers have voted for the three flavors that are to reappear in 2011. A significant little feature is that the snus will return in an even smaller can.
More eco-friendly snus can
SwedenSwedish Match is introducing a new snus can in a mini format. The number of portion pouches will remain the same but the can will contain approximately 21 percent less plastic than the former can. As a result, Swedish Match expects to reduce its plastic consumption by approximately eight tons as early as the first year.
Low-priced snus of high Kaliber
SwedenSwedish Match will be launching a modern, attractively priced alternative, Kaliber, to accommodate consumers who want high-quality low-priced snus.
Swedish Match publishes annual report for 2010
As of Monday, April 4, the Swedish Match AB annual report for 2010 is available on the Company website.
Annual General Meeting of Swedish Match AB (publ)
New member proposed for Swedish Match Board of Directors
Full Year Report January – December 2010
New member proposed for Swedish Match Board of Directors
New Generalsnus
NorwayNorway’s most popular snus, General, gains a new member of the family. Swedish Match now launches General Smooth Flavour, a new version of Norway’s bestselling snusbrand.
Catch Collection snus favorite makes a comeback
SwedenCatch Collection Chill, with a full-bodied vanilla flavor and a hint of fresh mint, is making a comeback to the refrigerator display. This snus favorite returns in response to positive comments made by users in a consumer survey.
Swedish Match announces retirement of Lennart Freeman
Swedish Match announces signed agreement between Scandinavian Tobacco Group and Reynolds American, Inc. for the acquisition of Lane Limited
Disclosure of substantial holding of shares
Swedish Match receives 170 MEUR from Scandinavian Tobacco Group
Interim Report January – September 2010
· In local currencies, sales for the third quarter increased by 7 percent, with growth in all product areas except for chewing tobacco
· Operating profit for the third quarter increased to 1,049 MSEK (874). Including depreciation and amortization on assets held for sale, operating profit increased by 16 percent to 1,017 MSEK (874)
· In local currencies, operating profit for the third quarter, including depreciation and amortization on assets held for sale, increased by 17 percent
· EPS (basic) for the third quarter amounted to 3.23 SEK (2.53)
· The transaction with Scandinavian Tobacco Group was completed October 1
Catch Pure Mint – for a fresher flavor
SwedenA fresh peppermint flavor delivered in a discrete portion-pouch that is not visible under the lip. That’s how we summarize Pure Mint – the most recent snus selection from Catch. In addition, the snus will be packaged in a fashionable metal can that can be proudly displayed.
Light fires quickly and effectively with new Solstickan fire briquettes
Emmett Harrison appointed Senior Vice President of Corporate Communications and Sustainability
Swedish Match has Sweden’s best corporate website
Swedish Match has Sweden’s best corporate website for 2010 according to Hallvarsson & Halvarsson Webranking 2010, Europe’s leading survey of corporate websites.
Swedish Match completes transaction with Scandinavian Tobacco Group
East Indian theme for this year’s Kardus
SwedenKardus is the snus for connoisseurs. Probably the world’s most exclusive – and expensive – snus. The tobacco for this year’s edition has been picked in Java and flavored with the finest arrack. Both the flavor and the roots have their origin in Asian trade routes. We are releasing 500 boxes, just in time for Father’s Day.
Snus classic in elongated version
SwedenSweden’s most popular snus brand, General, is introducing an entirely new portion format, Long. The new portions are more elongated to fit better under the lip. The flavor is the traditional General, but the recipe has been optimized to enhance the taste and reduce leakage.
New warming flavor for the dark and rain of autumn
SwedenIn time for the rain and harsh weather of autumn, the Catch Collection is introducing its final flavor for the year, Ease, with a combination of spicy warm ginger and fresh orange.
Red Man Moist Snuff Flavor Fresh™ Lid
USANew design for Ljunglöfs Ettan
SwedenEttan snus, one of Sweden’s oldest brands, traces its roots to the early 1800s. The Ettan products will now be sold under a new design, although the contents of the cans remain unchanged and retain the same high quality that has always characterized the brand.
Half Year Report January – June 2010
Norwegians prefer white portion snus. 164 percent growth.
NorwaySolstickan Award Winner with a passion for Class Grandfather
Catch Collection Glow brightens up summer
SwedenCatch Collection is the snus that is presented in different new flavors several times a year. The second variety for 2010 and the sixth in total is called Glow. It combines two summer classics in the form of elderberry in combination with lime and provides a preview of the summer’s refreshing flavor experiences.
Swedish Match share capital and total number of shares
Lars Bratt, Solstickan Award winner 2010
Lars Bratt, founder of the "The Granddad Programme", has been awarded this year's Solstickan Award of 100,000 SEK based on the following rationale: "For an initiative in the spirit of the UN Convention on the Rights of Children by providing specially trained adult role models, mostly to primary schools, in the form of supportive "Granddads" or "Grannies", strengthening children's self-esteem and social skills and enhancing the teaching environment."
Interim Report January – March 2010
• In local currencies, sales for the first quarter increased by 3 percent, driven by solid growth for the snus and snuff product area
• Operating profit for the first quarter was 755 MSEK (794). Including depreciation and amortization on assets held for sale, operating profit was 728 MSEK (794)
• In local currencies, operating profit for the first quarter increased by 1 percent. Including depreciation and amortization on assets held for sale, operating profit for the first quarter decreased by 3 percent
• EPS (basic) for the first quarter amounted to 2.26 SEK (2.11)
• Cigar sales and operating profit comparisons are adversely affected by prior year hoarding in the US
• After the reporting period, an agreement was signed with Scandinavian Tobacco Group to create a new company with a focus on cigars
Swedish Match Annual General Meeting 2010
• Dividend of 4.75 SEK per share
• Mandate to repurchase up to 10 percent of the shares in the Company
• Withdrawal of 20 million shares repurchased by the Company
Swedish Match and Scandinavian Tobacco Group sign agreement to form a new cigar focused company
Swedish Match publishes annual report for 2009
Annual General Meeting of Swedish Match AB (publ)
Swedish Match launches tailor-made Snus for Norwegian Consumers
SwedenSwedish Match is introducing new snus varieties 01 and 02 in Norway. These two new products are included in the ‘Lab Series’ and are specifically designed to meet the consumer desire for a modern snus that differs from other brands both in terms of taste, style and design.
Full Year Report 2009
• In local currencies, sales for the full year increased by 5 percent and for the fourth quarter by 4 percent
• Operating profit excluding larger one time items for the full year increased by 22 percent to 3,417 MSEK (2,801) and for the fourth quarter by 5 percent to 850 MSEK (807)1)
• In local currencies, operating profit excluding larger one time items for the full year increased by 13 percent and for the fourth quarter by 9 percent1)
• EPS (basic) for the full year amounted to 9.67 SEK (8.30) and for the fourth quarter to 2.52 SEK (2.75)2)
• EPS (basic) for the full year, including discontinued operations and one time gains, amounted to 12.88 SEK (8.98)2)
• The Board proposes an increased dividend to 4.75 SEK (4.10)
1) Excluding the one time gain of 73 MSEK from sale of subsidiary and related assets in Q4 2008 but including restructuring charges for cigars of 45 MSEK in Q3 2009 and 29 MSEK in Q4 2009
2) Including the one time gain of 73 MSEK from sale of subsidiary and related assets in Q4 2008 and restructuring charges for cigars of 45 MSEK in Q3 2009 and 29 MSEK in Q4 2009
Onico launches portion snus infused with ginseng and guarana
SwedenThe new Onico+ is infused with extracts from Ginseng & Guarana. Onico+ also provide a completely unique and refreshing flavor with hints of tropical fruits that are reminiscent of delicious Amazonian flora.
Catch Collection Mellow - infused with a taste of rhubarb
SwedenCatch Collection continues to push the boundaries of taste. The new taste variety, Mellow, is probably the first snuff in the world with a taste of rhubarb.
Swedish Match has signed a Letter of Intent with Scandinavian Tobacco Group to form a new worldwide company with focus on cigars
• Scandinavian Tobacco Group to contribute all of its tobacco business (cigars, pipe tobacco and fine cut tobacco)
• Completion of the transaction is subject to due diligence by both parties, final transaction agreements, bondholder approval, and regulatory review and approval
Catch Collection Cozy - Christmas snus with a flavor of cardamom and cinnamon
SwedenChristmas toffee, rice pudding, mulled wine and saffron buns: Swedish Christmas celebrations are filled with taste experiences. Here comes one more in the form of Catch Collection Cozy – a new snus with the classic Swedish Christmas flavors of cardamom and cinnamon.
Swedish Match gives 1847 a facelift
SwedenSwedish Match is taking over production and sales of the 1847 brand, on license from Philip Morris. Simultaneously, the format and design of 1847, Philip Morris’s flagship product in the snus category, will be refined and its recipe enhanced.
Swedish Match corporate website ranked 2nd in Sweden
Kardus Superior Blend 2009 - Exclusive vintage snus with a Latin American character
SwedenAir-dried tobacco from Guatemala, sun-dried tobacco from the province of Salta at the foothills of the Andes and a first-class, 23-year-old dark rum from Guatemala. These are the ingredients that form the basis of the most exclusive snus in the world – Kardus Superior Blend 2009.
Disclosure of substantial holding of shares
Swedish Match rewarded for successful employer branding effort
In Universum’s annual career survey, which lists Sweden’s most attractive employers from the viewpoint of economists and engineers, Swedish Match was voted Newcomer of the Year by 11,000 sought-after young professionals.
Interim Report January – September 2009
Göteborgs Rapé New design – same flavor
SwedenSwedish Match’s longstanding snus brand Göteborgs Rapé is appreciated by consumers as much today as when manufacturing commenced in 1919. We are now renewing the design and adding a new brand symbol - GR´.
Swedish Match finalizes the sale of its South African operation to Philip Morris International and repurchases own shares
Anders Carlberg, 2009 Solstickan Award winner
Aficionados of tobacco
Half Year Report January – June 2009
• In local currencies, sales for the second quarter increased by 2 percent*
• Operating profit for the second quarter increased by 30 percent to 899 MSEK (691)*
• In local currencies, operating profit for the second quarter increased by 13 percent*
• EPS (basic) for the second quarter amounted to 2.51 SEK (1.89)*
• EPS (basic) including discontinued operations for the second quarter, amounted to 2.68 SEK (2.04)
* Amounts exclude Swedish Match South Africa, which is separately reported as discontinued operations
Swedish Match agrees to sell South African operations to Philip Morris International
Thinking green
Swedish Match cancellation of treasury shares
2009 Solstickan award winner
Martin Källström taking helm for North Europe
One year with Solstickan
Henry Ascher, pediatrician and associate professor at the Nordic School of Public Health in Gothenburg, received the 2008 Solstickan Award. He was awarded for having worked to ensure that all children who stay in Sweden, either permanently or temporarily, are treated in a manner that complies with the United Nations’ Convention on the Rights of Children.
Interim Report January – March 2009
• In local currencies, sales for the first quarter increased by 10 percent
• Operating profit for the first quarter increased by 55 percent to 846 MSEK (547)
• In local currencies, operating profit for the first quarter increased by 35 percent
• EPS (basic) for the first quarter amounted to 2.27 SEK (1.36)
Swedish Match Annual General Meeting 2009
• Dividend of 4.10 SEK per share
• Mandate to repurchase up to 10 percent of the shares in the Company
• Withdrawal of 4 million shares repurchased by the Company
Swedish Match publishes annual report for 2008
Tony Rickardsson to join Swedish Match
Annual General Meeting of Swedish Match AB (publ)
New star in the General sky
SwedenGeneral White Portion will be the role model for can designs.
Full Year Report 2008
• Operating profit excluding larger one time items* for the fourth quarter increased to 864 MSEK (795) and 3,017 MSEK (2,730) for the full year
• Operating profit for the fourth quarter amounted to 937 MSEK (1,062) and 3,090 MSEK (2,997) for the full year
• EPS (basic) for the fourth quarter amounted to 2.91 SEK (3.04) and 8.98 SEK (7.82) for the full year
• The Board proposes an increased dividend to 4.10 SEK (3.50)
* In the fourth quarter 2008 there was a gain of 73 MSEK on the sale of a subsidiary in the UK and related assets. In the fourth quarter 2007 there was a gain of 267 MSEK on the sale of head office buildings in Stockholm.
Swedish Match and Philip Morris International announce global joint venture to commercialize smokefree tobacco products
General Ekstra Sterk – now as loose snus
NorwayA new member of the popular General family is now being launched; a loose snus for those who want a strong tobacco flavor and more nicotine.
New Catch Collection changes flavor continuously
SwedenChill, Fresh, Still and Cozy are the new flavors to be introduced during the year.
Solstickan Seminar Invitation
Solstickan Foundation for the benefit of children and elderly
A share of the sale price of every box of Solstickan-brand matches is allocated to the Solstickan Foundation - for the benefit of children and the elderly. Read about the non-profit association Arken pony farm in Malmö, Sweden, that was granted SEK 20,000 from Solstickan Foundation in order to start a partnership with the aim to stimulate disabled children.
Swedish Match welcomes an important step to normalize trade in the EU
Kardus – new vintage snus for aficionados
SwedenKardus Superior Blend is a vintage snus for the connoisseur. The ingredients in the 2008 edition include cut, air-dried tobacco from Hungary and sun-dried Kurnool tobacco from India, with the flavor enhanced by a highland single malt whisky.
Quality and tradition
Dedication improves environmental health
A cigar-loving lady
Innovation at the forefront
Sales driving growth
Grovsnus Black – new snus with robust taste
SwedenStarting this week, Sweden’s tobacconists will be offered a masculine, rich-tasting and full-bodied alternative – Grovsnus Black. As the name implies, the portions are black.
Interim Report January – September 2008
• In local currencies, net sales were 8 percent above the third quarter of 2007
• Operating profit for the third quarter increased to 864 MSEK (759)
• EPS (basic) for the third quarter increased by 39 percent to 2.63 SEK (1.89)
• We maintain our outlook for 2008 with improved sales and underlying operating profit for the Group compared to 2007. For further details refer to the outlook section in this report
General Cigar Announces Daniel Núñez’ Retirement
Swedish Match tops website ranking
For the third consecutive year, Swedish Match has topped an annual website ranking performed by Swedish PR firm Hallvarsson & Halvarsson, which ranked more than 700 of the largest listed companies in Europe and the 100 largest listed companies in Sweden.
Borkum Riff – a historical trip over 40 years
Cricket gears up in the Philippines
Dahlgren and Tilly: At the cutting edge
3 analyst comments
On July 18, Swedish Match reported half year result from January to June 2008. Financial analysts Henrik Fröjd, Kaupthing Bank, Jonathan Fell, Deutsche Bank and Anders Hansson, Danske Bank give their comments on the result.
Half Year Report January – June 2008
• In local currencies, net sales were 12 percent above the same quarter of last year
• Operating profit for the second quarter increased to 733 MSEK (642)
• EPS for the second quarter increased by 22 percent to 2.02 SEK (1.66)
• We maintain our outlook for 2008 with improving sales and underlying operating profit for the Group compared to 2007. For further comments on the outlook please refer to page 9
General Cigar prevails in trademark infringement and counterfeiting suit relating to "COHIBA Caribbean's Finest" cigars and rum
General Cigar prevails in trademark infringement and counterfeiting suit relating to "COHIBA Caribbean's Finest" cigars and rum
Swedish Match cancellation of treasury shares
“Give snus a chance”
Inspired by market trends
A nose for snus
Snus varieties require production flexibility
Increased competition and an increasingly rapid product launch schedule. The demands are numerous but the snus plants in Sweden are coping brilliantly. The road to success requires first rate operations.
Borkum Riff, 40 years
Swedish Match AB appoints new CEO and CFO
Environment goals important
Interim Report January – March 2008
• In local currencies, net sales for the first quarter increased by 10 percent
• Operating profit for the first quarter amounted to 543 MSEK (534)
• Net profit for the first quarter amounted to 341 MSEK (332)
• EPS for the first quarter amounted to 1.34 SEK (1.23)
• Significantly improved profitability in the Scandinavian snus business compared to the first quarter previous year
• US cigar business had a weak first quarter but sales and operating profit are expected to improve for the remainder of the year
Swedish Match AB invests in new production capacity in Sweden
Swedish Match AB today announces an additional investment in its Kungälv snus production plant in Sweden. The investment of MSEK 265 is in response to the strong demand for snus in the portion packed format. The Kungälv plant is specialized in the Swedish Match unique “White Production Technology”, a white, dry portion packed snus with both regular and star formation filling of the cans.
Extreme makeover” of snus can
“Extreme makeover” of snus can
SwedenThe Nick & Johnny snus is being launched in two new flavors, East and West, in an entirely new can. The product is aimed at adult male snus users – or smokers who regard snus as an alternative to smoking – and for the first time since 1967, the can is not traditionally round, but rectangular. The inspiration for the can comes from the hood of old American sport cars.
Swedish Match Annual General Meeting 2008
• Dividend of 3.50 SEK per share
• Election of Karen Guerra to the Board
• Mandate to repurchase up to 10 percent of the shares in the Company
• Withdrawal of 12 million shares repurchased by the Company
• Re-election of KPMG Bohlins AB as auditor
Swedish Match publishes annual report for 2007
Swedish Match AB appoints Rupini Bergström as Director International Media and PR
Annual General Meeting of Swedish Match AB (publ)
Disclosure of substantial holding of shares
Swedish Match AB Nominating Committee proposal for Board of Directors
The future as we see it
Efficient balance sheet creates value
General a hit in the US
Triumph, snus on cigarette shelf
The consumer is king
New cigars, snus and lighters
Swedish Match AB appoints Patrik Hildingsson Vice President Public Affairs
CEO transition in Swedish Match during 2008
Full Year Report 2007
• Operating profit for the fourth quarter amounted to 1,062 MSEK (811) and 2,997 MSEK (3,285) for the full year
• Operating profit excluding larger one time items* for the fourth quarter amounted to 795 MSEK (811) and 2,730 MSEK (3,137) for the full year
• Net profit for the fourth quarter amounted to 791 MSEK (603), and 2,056 MSEK (2,335) for the full year
• EPS for the fourth quarter amounted to 3.04 SEK (2.19) and 7.82 SEK (8.13) for the full year
• Hoarding of snus in December 2007 and 2006 and adverse currency translation effects distort comparisons between the periods
• The Board proposes an increased dividend to 3.50 SEK (2.50)
* Larger one time items comprise a gain from the sale of head office buildings in Stockholm in Q4 2007 of 267 MSEK and a pension plan curtailment gain of 148 MSEK in Q2 2006.
EU committee confirms health benefits of Swedish snus
The scientific committee (SCENIHR, Standing Committee on Emerging and Newly Identified Health Risks) has been assigned by the European Commission to evaluate the health effects of smokeless tobacco products including Swedish snus. The committee has now presented the final version of its findings to the Commission.
- The committee confirms the significant health benefits of Swedish snus relative to cigarettes. The report therefore constitutes a reevaluation of Swedish snus within the European Union where the product is currently banned, except in Sweden, says Lars E Rutqvist, MD, Ph D, Vice President for Scientific Affairs, Swedish Match AB, Stockholm, Sweden, previously Professor of Oncology at the Karolinska Institute in Stockholm.
- The scientific debate about snus within the EU has come to an end, and the politicians must now decide on whether it is reasonable to continue to deny European smokers access to a dramatically less hazardous alternative to cigarettes, Rutqvist concludes.
Vertigo – a snus for women, by women
SwedenOf Sweden’s approximately 1.2 million snus consumers, every fifth user is a woman. For some time, many of these women have been looking for a more modern snus – and now it’s here. Vertigo snus will be launched in the Swedish market in February.
Christmas gift of the year? Kardus - new edition of the world’s finest snus
Christmas gift of the year? Kardus - new edition of the world’s finest snus
Sweden"Each year, speculation on what the Christmas gift of the year will be is keen. Kardus is definitely this year’s Christmas gift for the connoisseur who wants exceptionally exclusive snus," says Anna Lekander, Press Relations Manager, Swedish Match.
General Sterk – powerful newcomer to General family in Norway
Congratulations - the round snus can is turning 40!
Congratulations - the round snus can is turning 40!
SwedenOne of the most characteristic consumer packages in Sweden is turning 40 years old. The round snus can, so common today, first saw the light of day in 1967. But at the time, it was a pretty large upheaval for diehard snus users.
Röda Lacket - constantly surprising
Röda Lacket - constantly surprising
SwedenThe snus Röda Lacket is changing design and being launched with 21 different tops and ten different banderoles. The design is based on an illustration that has been cut apart. Each part has then become a can top or banderole - with constantly changing patterns.
General Sterk – powerful newcomer to General family in Norway
NorwayNorway’s largest snus brand has now been supplemented with General Sterk, a snus product in a white-portion format. This production technique has been developed by Swedish Match and results in a gently dryer pouch product with a longer-lasting taste.
New cigars to enjoy
Turkish delight
Strategy strengthens global stance
Snus tax hike - a blow to public health
Speedway hero helps build brands
Tony Rickardsson is one of Sweden's most famous and best-liked sportsmen. After six world championship titles in speedway and numerous prizes and awards, he has switched this year to car racing in the Porsche Carrera Cup Scandinavia. The cooperation with Swedish Match as principal sponsor will continue and as Rickardsson himself phrased it, they are "a perfect match." He is also one of Sweden's most well-known users of snus and his favorite is General Onyx by Swedish Match.
From value-priced to LUXURY
Cricket - in a class of its own
Red Man – from chewing tobacco to snuff
We are the favorite in consumer retail
US spotlight on Swedish snus
Swedish Match Interim Report January – September 2007
• Net sales for the third quarter amounted to 3,272 MSEK (3,261) and 9,024 MSEK (9,454) for the first nine months
• Operating profit for the third quarter amounted to 759 MSEK (808) and 1,935 MSEK (2,326*) for the first nine months
• Currency translation differences in the third quarter negatively affected sales and operating profit comparisons by 75 MSEK and 27 MSEK respectively
• Net profit for the third quarter amounted to 491 MSEK (627), and 1,264 MSEK (1,732) for the first nine months
• EPS for the third quarter amounted to 1.89 SEK (2.23) and 4.78 SEK (5.94) for the first nine months
• Cigars International Inc., a US based cigar business with annual sales of 400 MSEK, was acquired in September
* Excluding pension plan curtailment gain of 148 MSEK before tax in 2006
Swedish Match has Sweden’s best website
Swedish Match Announces Nominating Committee
One million snus-users in Sweden will face new tax increases on snus
Swedish Match appoints Patrik Andersson new President North Europe Division
Swedish Match finalizes acquisition of Cigars International Inc. in the US
Swedish Match acquires Cigars International Inc. in the U.S.
Developing managers of the future
Red Man – the flagship of chewing tobacco
The Red Man brand of chewing tobacco is so strong that it is almost synonymous with the entire product category. But success did not happen by itself. More than 100 years of brand management and product development stand behind Red Man’s leading position in the market for chewing tobacco.
New Piccanell – a modern Swedish chewing tobacco with long traditions
Arrival of Onico Juniper Berry
Further step toward new view of snus
That snus is a significantly less harmful alternative to cigarettes is a viewpoint that is gaining a stronger foothold in the scientific community. One example is the scientific committee that recently evaluated the health effects of smokeless tobacco on behalf of the EU. In the May issue of the respected magazine, The Lancet, two scientists demanded that snus should be allowed where it is prohibited today.
Swedish Match has appointed Henrik Brehmer new Senior Vice President Corporate Communications
Salsa ups the pace
Half Year Report January – June 2007
• Operating profit* for the second quarter amounted to 642 MSEK (784) and 1,176 MSEK (1,517) for the first six months
• US dollar and other currency translation differences in the second quarter negatively affected sales and operating profit comparisons by 105 MSEK and 25 MSEK respectively
• Net profit for the second quarter amounted to 441 MSEK (617), and 773 MSEK (1,105) for the first six months
• EPS for the second quarter amounted to 1.66 SEK (2.09) and 2.89 SEK (3.72) for the first six months
• Bogaert Cigars acquired at the end of the second quarter, with an annual turnover of 180 MSEK
* Excluding pension plan curtailment gain of 148 MSEK before tax in 2006
Swedish Match reaches agreement on sale of Stockholm real estate
Swedish Match Acquires Bogaert Cigars
• Primary markets are France, Germany, Netherlands, Belgium
• Bogart and Hollandia brands, as well as private label products
• Production in Belgium and Indonesia
• Annual turnover of approximately 20 MEUR
Swedish Match to deregister from SEC
New Borkum Riff has genuine tobacco flavor
US – world's largest snuff market
Tradition and innovation
Snus is better than cigarettes
Remuneration issues arouse interest
Record earnings pleased shareholders
Primo - cigarillos with taste
This spring, three new filter cigarillos were launched under the Willem II Primo brand.
Not without my snus
Swedish Match has nearly 20 different brands of snuff and snus, but Swedish golf pro Fredrik Jacobson knows which brand he prefers. “General is without a doubt my favorite snus, I have used it for 15 years,” says Fredrik Jacobson.
Market leader in Scandinavia
Experienced Americans on the Board
In addition to electing a new Chairman of the Board, the Annual General Meeting also elected Charles A. Blixt and John P. Bridendall as new Board members. They are two highly experienced Americans who are now assuming a position on the Swedish Match Board of Directors.
Lancet: Snus positive for public health
Bans on snus or overstated propaganda against the product are not a sound public-health policy, since cigarette smoking is the overshadowing health problem. This is the conclusion reached in today's issue of the respected medical journal The Lancet.
Mahogany trees restoring nature
Interim Report January – March 2007
• A sharp increase in the excise tax for snus effective January 1, 2007, resulted in exceptionally low deliveries of snus to the Swedish market during the first quarter
• Operating profit for the first quarter amounted to 534 MSEK (733)
• Net profit for the first quarter amounted to 332 MSEK (488)
• EPS for the first quarter amounted to 1.23 SEK (1.62)
Swedish Match shareholders approve dividend hike to 2.50 SEK
Brand building in practice according to Anna Neiås
Swedish Match publishes annual report for 2006
Annual General Meeting of Swedish Match AB (publ)
No. 2 worldwide in cigars
New proud additions to Partagas family
Best-seller and classic
Award-winning IR manager best in Europe
Report on Operations full year 2006
• Operating income increased by 18% to 799 MSEK (678) for the fourth quarter and by 15% to 3,235 MSEK (2,825) for the full year
• Net income for the fourth quarter amounted to 602 MSEK (456), and 2,331 MSEK (1,777) for the full year
• EPS for the fourth quarter was up 48% to 2.18 SEK (1.47), and up 45% to 8.12 SEK (5.61) for the full year
• The Board proposes an increased dividend to 2.50 SEK (2.10)
Two new members proposed for Swedish Match Board of Directors
Conny Karlsson proposed as chairman of the Board of Directors of Swedish Match AB
Items approved at Swedish Match Shareholders’ Meeting
Cigarette smoking - public health enemy number one
Extraordinary General Meeting of Swedish Match AB (publ)
Interim Report January – September 2006
• Operating income excluding larger one time items increased by 5% to 796 MSEK (756) for the third quarter and by 18% to 2,288 MSEK (1,941) for the first nine months
• Net income for the third quarter amounted to 626 MSEK (569), and 1,729 MSEK (1,321) for the first nine months
• EPS for the third quarter was up 23% to 2.22 SEK (1.81), and up 43% to 5.93 SEK (4.14) for the first nine months
Website again reaches top placement
Swedish Match set to begin odd-lot commission free offer for shareholders with less than 200 shares
Swedish Match Board of Directors Calls for Extraordinary Shareholders Meeting
The Solstickan Foundation - a sunny story
Social responsibility at a cost of millions
Offer to small shareholders: Sell without a brokerage fee
In pursuit of flavor sensations
Interim Report January – June 2006 - CORRECTION
• Operating income amounted to 920 MSEK (647) for the second quarter and 1,640 MSEK (1,185) for the first six months
• Operating income, excluding a one time pension curtailment gain of 148 MSEK for the second quarter amounted to 772 MSEK and 1,492 MSEK for the first six months
• Net income for the second quarter amounted to 616 MSEK (405), and 1,103 MSEK (752) for the first six months
• EPS for the second quarter was 2.09 SEK (1.27), and 3.71 SEK (2.33) for the first six months
Interim Report January - June 2006
• Operating income amounted to 920 MSEK (647) for the second quarter and 1,640 MSEK (1,185) for the first six months
• Operating income, excluding a one time pension curtailment gain of 148 MSEK for the second quarter amounted to 772 MSEK and 1,492 MSEK for the first six months
• Net income for the second quarter amounted to 616 MSEK (405), and 1,103 MSEK (752) for the first six months
• EPS for the second quarter was 2.09 SEK (1.27), and 3.71 SEK (2.33) for the first six months
Swedish Match launches EUR 300 mln Eurobond issue
Focus on growth potential at 2006 AGM
Famous store part of cigar acquisition
Chairman Mundebo takes his leave
Two cancer specialists to contribute to new alternatives to smoking
Interim Report January – March 2006
• Excluding the effect of divested businesses, sales increased by 5%
• First quarter operating income amounted to 721 MSEK (538), up 34%
• First quarter net profit amounted to 487 MSEK (347), up 41%
• First quarter EPS amounted to 1.62 SEK (1.06), up 53%
Cancer specialist strengthens scientific competence within Swedish Match
Swedish Match shareholders approve dividend hike to 2.10 SEK
Swedish Match Annual Report 2005
Annual General Meeting of Swedish Match AB (publ)
Firebreak – the smoke-free tobacco product of the future
Firebreak – the smoke-free tobacco product of the future
Firebreak, a modern chewing-tobacco product previously only sold in Japan, is now available to Swedish cigarette smokers.
"Our consumer surveys show that a large proportion of cigarette smokers do not regard current smoke-free tobacco products, such as snus and traditional chewing tobacco, as an attractive alternative to cigarettes. Firebreak is aimed at these smokers," says Ulf Svensson, Vice President Information & Public Affairs, North Europe Division
Andrew Cripps and Conny Karlsson proposed for Swedish Match Board of Directors
Swedish Match Acquires European Premium Cigar Brands, Hajenius and Oud Kampen, from The Burger Group
Report on Operations full year 2005
• Fourth quarter operating income was 678 MSEK (508) and full year operating income was 2,825 MSEK (3,593)
• Operating income for the full year, excluding major one-time items, was 2,618 MSEK (2,312)
• Net profit for the fourth quarter was 456 MSEK (297), and for the full year was 1,777 MSEK (2,084)
• Fourth quarter EPS was 1.47 SEK (0.86), and full year EPS was 5.61 SEK (6.18)
• The Board proposes an increased dividend to 2.10 SEK (1.90)
Swedish Match Downsizes Match Operations
Another strong and eventful quarter
Interim Report January – September 2005
• Operating income amounted to 953 MSEK (454) for the third quarter and 2,118 MSEK (3,061) for the first nine months
• Operating income, excluding major one time items, for the third quarter amounted to 747 MSEK compared with 694 MSEK previous year and 1,912 MSEK (1,779) for the first nine months
• Net profit for the third quarter amounted to 562 MSEK (219), and nine month net profit was 1,301 MSEK (1,770)
• Third quarter EPS was 1.79 SEK (0.63), and nine month EPS was 4.08 SEK (5.26)
Swedish Match to divest New York real estate
Stable sales and strong operating income
Interim Report January – June 2005
• In local currencies, sales were up 1%
• Operating income amounted to 1,166 MSEK (1,086 MSEK year ago excluding settlement income from UST of 1,521 MSEK)
• Net profit for the period amounted to 738 MSEK (670 MSEK year ago excluding settlement income from UST of 881 MSEK)
• EPS amounted to 2.28 SEK (1.95 SEK year ago excluding settlement income)
Swedish Match to divest Wimco
Stable start to the year
Public health report supports harm reduction concept
Swedish Match shareholders approve dividend hike to 1.90 SEK
Swedish Match names Lennart Freeman Executive Vice President
Interim Report January – March 2005
Annual General Meeting of Swedish Match AB (publ)
Kersti Strandqvist and Sven Hindrikes proposed for Swedish Match Board of Directors
New rules for financial reporting
An eventful year
Swedish Match To Acquire Remaining Ownership In General Cigar
Report on Operations full year 2004
• Operating income amounted to 3,370 MSEK (2,224)
• Operating income includes income of 1,521 MSEK from settlement with UST and expenses of 240 MSEK from match impairment charges and provisions
• Net profit amounted to 1,828 MSEK (1,558)
• EPS increased to 5.61 SEK (4.68)
• The Board proposes an increased dividend to 1.90 SEK (1.70)
The disaster in Southeast Asia
The disaster in Southeast Asia touches us all. Areas, which were already very poor has been affected by incomprehensible destruction. An as yet unknown but overwhelming number of lives have been claimed, innumerable lives have been shattered.
The Ban on Snus Survives ECJ Challenge
Swedish Match comments on IARC press release
Swedish Match announces repurchase of bonds
"We have much in common in our focus on brands"
Snus in focus
Contradictory opinion on snus in EU
Interim Report January – September 2004
Swedish Match best IR website in Sweden
Swedish Match Cup with world star Peter Gilmore
Stable share price during most recent quarter
New CFO focused on high return and new accounting rules
Advocat General opinion that Snus Ban should remain pending amended directive
The Advocate General of the ECJ to give his opinion today on the EU ban on snus
India Supreme Court Upholds SEBI Ruling
Swedish Match to terminate its ADR program and to delist from the NASDAQ National Market
U. S. Court of appeals upholds judgment for Swedish Match North America/The Pinkerton Tobacco Company in product liability lawsuit
Interim Report January – June 2004
Settlement with UST adds new cigar range
Record attendance at AGM
Hearings in the European Court
Corporate Governance in Swedish Match
Mr Tobacco bows out
Appointments in Swedish Match
Sven Hindrikes Appointed President and CEO of Swedish Match
New variants and flavors
Lifelong passion for brands
New product range chart gives overall picture of snuff products
Swedish Match shareholders approve dividend hike to 1.70 SEK
Interim Report January – March 2004
• In local currencies, sales were up 5%
• Operating income excluding gain from settlement with UST and certain one time costs amounted to 535 MSEK (516)
• Net profit for the period amounted to 1,091 MSEK (337), including gain from settlement with UST
• EPS increased to 3.32 SEK (0.99), of which settlement with UST accounts for 2.50 SEK
Swedish Match Annual Report 2003
Swedish Match's web site receives international award
Swedish Match's website receives international award
Swedish Match's website has received the 2004 International Stevie Award. The Award, which was founded in the United States, went to Swedish Match for "best overall design".
Swedish Match announces appointment of Acting CFO
General Cigar to Appeal Decision In Cohiba Trademark Ruling
European Court of Justice to Hear Snus Ban Case in June 2004
Annual General Meeting of Swedish Match AB (publ)
Lennart Sundén leaves Swedish Match
Settlement with UST
Report on Operations full year 2003
Karsten Slotte proposed for Swedish Match Board of Directors
Harm reduction gives snus key role in reducing cigarette smoking
Digital fireworks display crowns inaugural celebration
A totally new workplace is always a pleasure for a municipality.
Economist with strategic interests
Unique plant built in record time
Firebreak tobacco chewing gum launched in Tokyo
Swedish Match announces new prices on moist snuff, for sale in the US
Interim Report January - September 2003
World-first snus factory opens in Kungälv
Interim Report January - June 2003
It started with royal noses
Swedish snus is more part of the solution than part of the tobacco problem
New products ready for barbecue season
Snuff heads east
Swedish Match shareholders approve dividend hike to 1.60 SEK
Interim Report January - March 2003
New company formed to boost sales in Norway
There is still something of a pioneering spirit in the office at Brynsall謠4 on the outskirts of Oslo. Not all the desks have been occupied and only nine of the projected 14 employees are on the scene at the brandnew sales company, Swedish Match Norway Sales. Operations were formally launched on January 1, 2003.
5 MSEK per year to Swedish researchers
Annual General Meeting of Swedish Match AB (publ)
Swedish Match agrees to acquire CYAN d.o.o., Slovenia
One in five snus consumers is a woman
Major step forward in snuff issue within EU
Report on Operations full year 2002
Share tips on the Net
Swedish Match announces new prices on moist snuff for sale in the US
Each word is significant
The Swedish experience arouses interest in research circles
Breakthrough in the European Snus issue
Swedish Match brings competition lawsuit against UST in US
Silver medal for the website
In Webranking 2002 swedishmatch.com comes in second. We spend much energy on improving and further developing the website, so this is truly gratifying, says Annette Kaunitz, responsible for the website.
Interim Report January - September 2002
Market uneasiness dampens prices
Swedish Match and Cuba Tobacco reach cigar settlement
Swedish Match named »Best Supplier«
The snuff enjoyed by popes and laborers celebrates its 180th birthday
Strong culture creates shareholder value
The Board is the extended arm of shareholders
Record earnings per share
Interim Report January - June 2002
Swedish Match takes legal action against US Tobacco
Successful start to 2002
Our strategies showed their strength during 2001
Arbitrary, unreasonable and discriminatory
New names on the board
Smokeless in the US, Timber Wolf a solid success
Cricket to sponsor Ferrari driver
Success for cigars in North America
Our basic principle is openness
Swedish Match shareholders approve dividend hike to 1.45 SEK
Interim Report January - March 2002
Web pages increase consumer contacts
2001 the best year ever for Swedish Match shareholders
Annual General Meeting of Swedish Match AB (publ)
Swedish Match announces new prices on moist snuff, for sale in the US
Snus continues to perform strongly
Report on Operations full year 2001
Ambitious program to sharpen efficiency of cigar production
Tuve Johannesson and Arne Jurbrant proposed as members of the Board of Directors of Swedish Match AB
Interim Report January - September 2001
Swedish Match announces reduction of shares and share capital
Swedish Match to restructure cigar operations
Swedish Match AB acquires European dry snuff business
Interim Report January - June 2001
Swedish Match to strengthen its presence on the Italian tobacco market. Acquires distributor of tobacco products.
Swedish Match announces new prices on moist snuff, for sale in the US
Swedish Match announces test market of ExaltTM - an alternative for smokers
Swedish Match: Dividend hike to 1.35 SEK approved at today's Annual General Meeting
Interim Report January - March 2001
Swedish Match to launch snuff in India
Annual General Meeting of Swedish Match AB (publ)
Swedish Match announces new smokeless initiatives
Report on Operations full year 2000
US Federal Court lets stand FTC ruling
Interim Report January - September 2000
Swedish Match Board of Directors Calls for Extraordinary Shareholders Meeting
Interim Report January – June 2000
Purchase of minority
Restructuring moves for Matches
Swedish Match's share buy-back
Swedish Match's share buy-back
Swedish Match's share buy-back
Swedish Match's share buy-back
Swedish Match's share buy-back
Swedish Match to begin share buy-back
Swedish Match completes closing of General Cigar
Swedish Match to acquire Brasant Enterprises
Shareholders approve share redemption and buyback, dividend increase; Anders Lannebo new Board memb
Interim Report January - March 2000
Annual report -99
Swedish Match Board Proposes Share Redemption Terms
Swedish Match builds its portfolio in US
Report on Operations 1999
Changes in shareholdings
Interim Report January - September 1999
Swedish Match in Turkey
El Credito Cigars acquisition completed
Interim Report January - June 1999
Swedish Match Annual General Meeting 1999
Interim Report January - March 1999
Annual General Meeting of Swedish Match AB
Swedish Match introduces options program
Changes in shareholdings
Correction! Changes in shareholdings
Annual report -98
Report on Operations 1998
New Group Management appointed
Management information
Management information
Swedish Match concentrates lighter production
Swedish Match sells Stockholm Headquarters
Interim Report January - September 1998
Interim Report January - June 1998
New President and CEO at Swedish Match
Extraordinary General Meeting of Swedish Match decided in favor of redemption
Swedish Match expands in Australia
Annual General Meeting of Swedish Match
Restructuring of match production in Belgium
Swedish Match enters into business in Australia
Report on 1997 Operations
Swedish Match enters into match business in India
Swedish Match - First to Freemantle
Interim Report January - September 1997
Acquisition in Sweden
Break-through in Turkey
Whitbread takes Swedish Match around the world
Approval of the Escort Agreement
The court throws out Silbersky's lawsuit
Swedish Match reports higher earnings
Break-through in the Prince issue
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Interim Report January – September 2020
Record sales and operating profit from product segments in Q3
- Sales and operating profit increased for the Smokefree product segment in both the US and Scandinavia, as well as for cigars. Sales and operating profit elevated by COVID-19 related effects on consumer demand and channel shifts.
- In local currencies, sales increased by 23 percent for the third quarter. Reported sales increased by 15 percent to 4,400 MSEK (3,829).
- In local currencies, operating profit from product segments1) increased by 37 percent for the third quarter. Reported operating profit from product segments increased by 28 percent to 2,046 MSEK (1,603).
- Operating profit amounted to 2,019 MSEK (1,586) for the third quarter.
- Profit after tax, which includes a charge of 286 MSEK following adverse ruling in a tax case, amounted to 1,193 MSEK (1,180) for the third quarter.
- Adjusted earnings per share increased by 31 percent to 9.21 SEK (7.04) for the third quarter. Earnings per share increased by 6 percent to 7.44 SEK (7.04).
- Revised outlook provided on page 12 to reflect higher expected underlying corporate tax rate for the year 2020 as a consequence of a stronger than previously anticipated result development for the business in the US.
1) Excludes Other operations and larger one-time items.
Half Year Report January – June 2020
Q2 sales and profit growth driven by ZYN in the US
- In local currencies, sales increased by 11 percent for the second quarter. Reported sales increased by 11 percent to 4,133 MSEK (3,719).
- In local currencies, operating profit from product segments1) increased by 19 percent for the second quarter. Reported operating profit from product segments increased by 17 percent to 1,704 MSEK (1,456).
- Operating profit amounted to 1,666 MSEK (1,434) for the second quarter.
- Profit after tax amounted to 1,227 MSEK (1,080) for the second quarter.
- Earnings per share increased by 19 percent to 7.60 SEK (6.39) for the second quarter.
- The second quarter financial performance was negatively affected by COVID-19 impacts.
- ZYN continued to deliver strong volume growth contributing to higher sales and operating profit.
1) Excludes Other operations and larger one-time items.
Swedish Match announces organizational changes
Swedish Match AB (publ) share capital and total number of shares
In accordance with the resolution at the Annual General Meeting on April 2, 2020, Swedish Match AB (publ) has cancelled 7,750,000 repurchased treasury shares.
Interim Report January – March 2020
Record quarter from product segments, driven by US businesses
- In local currencies, sales from product segments increased by 21 percent for the first quarter. Reported sales increased by 24 percent to 4,029 MSEK (3,258).
- In local currencies, operating profit from product segments1) increased by 30 percent for the first quarter. Reported operating profit from product segments increased by 34 percent to 1,652 MSEK (1,233).
- Operating profit amounted to 1,594 MSEK (1,190) for the first quarter.
- Profit after tax amounted to 1,161 MSEK (880) for the first quarter.
- Earnings per share increased by 38 percent to 7.14 SEK (5.17) for the first quarter.
- Net effect on revenue and results from COVID-19 impacts were positive in the first quarter but are expected to become negative in the second quarter. Guidance for Q2 2020 is provided on page 12 in this report.
- ZYN is now available in approximately 80,000 stores in the US, and average sales per store continued to increase sequentially.
1) Excludes Other operations and larger one-time items.
Swedish Match restarts manufacturing in the Dominican Republic
Swedish Match Annual General Meeting 2020
Major items approved by today’s Annual General Meeting include:
- A dividend of 12.50 SEK per share
- Mandate to repurchase up to 10 percent of all shares in the Company
- Withdrawal of 7,750,000 repurchased company shares with a simultaneous bonus issue without issuing any new shares
- Mandate to resolve on the transfer of shares in the Company and to issue new shares
- Election of Deloitte AB as auditor