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".
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
Sep 10, 2014The 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
May 28, 2012 The Solstickan Foundation has awarded this year’s Solstickan Award of 150,000 SEK to Stina-Clara Hjulström of Stockholm, Sweden, with the following commendation: “for using a strong and professional voice to promote the right of dementia patients to a dignified life. Spreading knowledge about dementia and the need for strong support for dementia patients and their loved ones is the common denominator in Stina-Clara’s tireless commitment.”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
May 23, 2011 The Solstickan Foundation has awarded H.M. Queen Silvia this year’s Solstickan Award of 150,000 SEK based on the following rationale “for unique and altruistic action in support of vulnerable children and the aged.”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
Oct 5, 2010Swedish 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
Jun 29, 2010 Lars Bratt is, despite turning 80, as vital and engaging today as he was when he started the Class Grandfather Project, which has now grown into a nationwide organization whose work recently earned Lars the Solstickan Award for 2010.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
Nov 6, 2009 Swedish Match has the second-best website in Sweden, according to H&H Webranking 2009, Europe’s leading survey of corporate websites.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
Nov 2, 2009In 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
Sep 11, 2009 Meet Anders Carlberg, founder of Fryshuset and recipient of the 2009 Solstickan Award, a man deeply dedicated to helping challenged children in today’s society.Aficionados of tobacco
Aug 10, 2009 Meet some of our tobacconists round the globe. They all share a passion for high quality products and the best customer service.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
Jun 12, 2009 Swedish Match works with reducing the negative burden on the environment. Inside Magazine looks at some of the facilities to see how they are reaching the targets.Swedish Match cancellation of treasury shares
2009 Solstickan award winner
May 26, 2009 The 2009 Solstickan award winner is Anders Carlberg from the Fryshuset community center in Stockholm, Sweden.Column - Business as usual
May 25, 2009 Few other businesses would survive under the commercial limitations that exist for Swedish Match, much less thrive and prosper.Martin Källström taking helm for North Europe
May 25, 2009 During Martin Källström’s time at SCA Hygiene Products he has gained experience within many different management positions such as local market organizations, manufacturing, R&D and global category organizations. He is now taking helm for Swedish Match North Europe Division and the new smokefree division to be created.One year with Solstickan
May 5, 2009Henry 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
Jan 21, 2009 Children in hiding today and tomorrow. A seminar on health and human rights arranged by Solstickan and the Nordic School of Public Health (NHV).Solstickan Foundation for the benefit of children and elderly
Jan 8, 2009A 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
Nov 19, 2008 Jhonys Diaz, General Manager of the Swedish Match tobacco plant in the Dominican Republic, has a lot on his mind at this time of the year. Read his thoughts and commitment to producing high-quality cigars.Dedication improves environmental health
Nov 19, 2008 With dedication and enthusiasm all employees at the North American facilities work for the development of environmental well-being. There is a long tradition of working with these issues as an integral part of daily business.A cigar-loving lady
Nov 18, 2008 The tobacco industry has traditionally been dominated by men. After almost 35 years in the business Cigar Master Modesta Fondeur has gained a reputation as one of the most valued cigar masters in the world. She says it is more than cigars; it’s a way of life.Innovation at the forefront
Nov 5, 2008 Smokefree tobacco is one of the fastest-growing consumer categories in the US. Many players have endeavored to penetrate the market but few have succeeded. However, Swedish Match’s innovativeness is ideally suited for expansion in a dynamic market.Sales driving growth
Nov 5, 2008 After ten successful years, Swedish Match in North America is continuing to drive sales and focus on innovation. New segments are emerging continuously and the American snuff is rapidly gaining ground.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
Oct 22, 2008For 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
Sep 22, 2008 In autumn 1968, Borkum Riff set sail for foreign countries and commenced the journey around the world that characterized the brand for 40 years.Cricket gears up in the Philippines
Aug 4, 2008 Four miles outside Manila, the new plant where the popular Cricket lighter is manufactured was officially opened in May. The new lighter plant represents state-of-the-art production for Swedish Match Cricket lighters.Dahlgren and Tilly: At the cutting edge
Jul 27, 2008 Lars Dahlgren and Joakim Tilly stepped into new positions on June 1 this year, when Lars took on the mantle of President and CEO of Swedish Match with Joakim succeeding Lars as the CFO. More of the same or something new?3 analyst comments
Jul 23, 2008On 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”
May 19, 2008 Less than 1.5 percent of the 107 million smokers in the EU have access to viable, pragmatic and consumer friendly alternatives to their cigarettes. They are simply left behind with a very challenging dilemma; quit or die.Inspired by market trends
May 19, 2008 What is required to generate growth in a mature market? The answer is simple. Consumer insight, well-segmented and defined target groups andan instinct for future trends. Anna Neiås, Vice President Marketing, Swedish Match North Europe Division, is satisfied with developments to date.A nose for snus
May 18, 2008 Aroma, flavor and an excellent tobacco balance are the main components used when producing flavors for new tobacco products.Snus varieties require production flexibility
May 18, 2008Increased 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
May 18, 2008 Borkum Riff is one of the largest brands in the pipe tobacco product category. It has a very strong position and is sold worldwide. Since its first launch, no less than 16 new flavor varieties have been introduced.Swedish Match AB appoints new CEO and CFO
Environment goals important
May 13, 2008 Swedish Match’s snus operations in the Scandinavian market have been environmentally certified in accordance with ISO 14001 since 2003, and the company works actively on achieving environmental goals.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
Mar 7, 2008 President and CEO, Sven Hindrikes, and Chairman of the Board, Conny Karlsson, discuss the past year and the strategy for the future.Efficient balance sheet creates value
Mar 7, 2008 An efficient balance sheet is one of the core elements of Swedish Match’s financial strategy. Lars Dahlgren, Chief Financial Officer of Swedish Match, is pleased with the initiatives taken during 2007, although considerable work remains.General a hit in the US
Mar 5, 2008 Consumers and merchants in the US are positive toward Swedish snus, according to the evaluation of the test sales.Triumph, snus on cigarette shelf
Mar 5, 2008 Triumph snus, which is now being launched in the US, is the result of a partnership between Swedish Match and Lorillard Tobacco Company.The consumer is king
Mar 5, 2008 Consumer-driven product development and strategic branding are the routes to organic growth. For this reason, Swedish Match focuses intently on the consumer.New cigars, snus and lighters
Mar 5, 2008 Ten new products were launched during the last quarter 2007. Here are a few examples of the 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
Nov 12, 2007 Swedish Match maintains a high pace of product launches in the cigar category. During the last quarter we fully implemented 12 new launches.Turkish delight
Nov 10, 2007 Swedish Match has succeeded in increasing sales of lighters in Turkey by over 140 percent in just two years, based on an effective sales strategy that involves balancing several distribution channels against each other. Where Cricket lighters are displayed at store counters, they practically sell themselves, according to Hakan Tuna, Managing Director for Swedish Match International Division in Turkey.Strategy strengthens global stance
Nov 10, 2007 Although the world market for lighters is becoming increasingly competitive, Swedish Match is maintaining a stable level of profitability in the product category. Production efficiency, close cooperation with important subsuppliers and an emphasis on quality, in addition to product development and innovative marketing, are some of the reasons behind the Group's ability to defend its position as a major player in the lighter market.Snus tax hike - a blow to public health
Nov 10, 2007 There is increasing awareness that snus is better for public health than cigarette smoking. Nevertheless, the Swedish government, in its budget bill this autumn, has announced an additional high tax increase for snus from the beginning of next year.Speedway hero helps build brands
Nov 10, 2007Tony 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
Nov 10, 2007 In less than two years, the Scandinavian snus market has changed and moved from one to several segments. This change has been caused by an increased interest in Swedish snus and greater demand for new products. In North America, different American snuff segments have existed since the mid- 1990s and a new segment in the US could be Swedish snus.Cricket - in a class of its own
Nov 10, 2007 Every day, Cricket lighters are used by approximately 200 million people in more than 100 different countries. Cricket is one of Swedish Match's most widely-spread brands characterized by quality, safety and design.Red Man – from chewing tobacco to snuff
Nov 9, 2007 Red Man is one of the most recognized brands in the US and has been on the market longer than iconic American brands such as Coca Cola and Chevrolet. As the best-known brand of chewing tobacco, Red Man represents quality, heritage and tradition. These are the values that Red Man will now apply as the brand is launched as a traditional American moist snuff product in the growing American snuff market.We are the favorite in consumer retail
Nov 7, 2007 Swedish Match is the favorite supplier among retailers in Sweden.US spotlight on Swedish snus
Nov 7, 2007 The US media is increasing its focus on Swedish snus, most recently in the International Herald Tribune and The New York Times.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
Aug 16, 2007 For Swedish Match, management supply and management training are prioritized issues. In a globalized world characterized by rapid change and fierce competition, it is important to always have access to qualified managers and that managerial talents in the Company can develop and grow with new assignments.Red Man – the flagship of chewing tobacco
Aug 16, 2007The 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
Aug 16, 2007 During this spring, one of Swedish Match’s most classic brands underwent a proper makeover. Piccanell, a Swedish smokeless chewing tobacco with origins from the 17th century, was renewed with a new design, new packaging and two new flavors.Arrival of Onico Juniper Berry
Aug 15, 2007 The TOBACCO- AND NICOTINE-FREE portion-packed snus segment continues to grow in Sweden. We are now launching a new flavor: Onico Juniper Berry.Further step toward new view of snus
Aug 15, 2007That 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
Aug 1, 2007 Salsa and cigars are an unbeatable combination that creates sweet music when the blue smoke wreaths intertwine with harmonious tones. This was observed by Swedish Match last year, when the Salsa cigar was introduced to parts of the European market. Now the pace is being accelerated. In May, Salsa was launched in Spain, with the specially developed products Salsa Puritos and Salsa Cigarritos.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
May 11, 2007 June will bring the most significant development in pipe tobacco in Borkum Riff’s nearly 40-year history since the brand was born. The new addition, Borkum Riff Genuine Pure Tobacco, is the only variety in the Borkum Riff product family that is not flavored, having only the genuine flavor and aroma of tobacco.US – world's largest snuff market
May 11, 2007 The American snuff market is growing constantly, and demand is increasing every year. As restrictions on smoking become more widespread, more and more smokers are seeking smokeless alternatives. Swedish Match is one of the players in this growing market.Tradition and innovation
May 11, 2007 Greatly simplified, production of snus requires only tobacco, water and salt. For Swedish Match, however, the production of quality snus is an advanced and highly technical process that begins long before the tobacco reaches the plant.Snus is better than cigarettes
May 11, 2007 An increasing number of researchers consider that smokeless products are a good alternative for people who find it difficult to stop using tobacco completely. Proponents of Harm Reduction, which is a strategy for reducing the harmful effects of smoking, believe that there are major health gains to be realized if smokers replace cigarettes with significantly less harmful smokeless products.Remuneration issues arouse interest
May 11, 2007 As usual, the subject of remuneration paid to the Board of Directors and management prompted questions at the Meeting, despite the fact that these motions on the agenda actually contained no new information.Record earnings pleased shareholders
May 11, 2007 The arrival of spring in Stockholm, with masses of wood anemones, scillas and spring bulbs blooming in the park outside the Stockholm International Fairs facility, must have been matched by the spring feelings of the 435 shareholders represented in the meeting venue itself.Primo - cigarillos with taste
May 11, 2007This spring, three new filter cigarillos were launched under the Willem II Primo brand.
Not without my snus
May 11, 2007Swedish 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
May 11, 2007 With market shares of nearly 90 percent in Sweden and Norway,* Swedish Match is the Scandinavian leader in the snus market. Despite increased competition from international tobacco companies, Swedish Match has a strong market-leading position. The key to success is an intense focus on product development and continuous dialogue with customers.Experienced Americans on the Board
May 11, 2007In 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
May 5, 2007 "I always wondered why there weren’t any mahogany trees in Mahogany Valley, until I found out that the trees had been harvested for their valuable timber and to create arable land. We’ve just finished planting 20,000 mahogany plants that will grow and restore the natural flora," says Carlos Thomen proudly.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
Apr 20, 2007Swedish Match publishes annual report for 2006
Annual General Meeting of Swedish Match AB (publ)
No. 2 worldwide in cigars
Mar 7, 2007 Swedish Match is the world's second largest cigar company in terms of sales value. Strong sales, driven by successful launches and sensitivity to trends and consumer preferences, are among the reasons.New proud additions to Partagas family
Mar 7, 2007 MORE THAN 300 MILLION premium cigars are imported into the US each year. One of the most popular brands is Partagas. Recently, two new family members were introduced, Partagas Spanish Rosado and Partagas Cifuentes Blend, appreciated cigars that have achieved major successes on the American market.Best-seller and classic
Mar 7, 2007 LA PAZ IS SWEDISH MATCH´S largest cigar brand in Europe, measured in sales volume. This success is attributable to the strong brand.Award-winning IR manager best in Europe
Mar 6, 2007 Institutional Investor Research Group named Emmett Harrison, Swedish Match, the Best IR Professional for Tobacco in its 2006 European Investor Relations Ranking.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
Nov 12, 2006 Increasingly, more people in the public-health sector are beginning to realize that Swedish snus is a possible means to reduce harmful cigarette smoking. Although the issue remains controversial, the trend is clear, according to Lars Erik Rutqvist, Vice President, Scientific Affairs within the Swedish Match Group. Accordingly, it is highly disappointing that the new Swedish government announced in its budget proposal a significantly sharper increase in the tobacco tax on snus than cigarettes.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
Aug 18, 2006 In autumn 1935, the idea was conceived of developing a special brand to place on ordinary boxes of matches, which would be sold at a higher price. The surplus would go to projects designed to serve the interests of children in the community. The man behind the idea was Mathias Hallgren, a director in Svenska Tandsticksbolaget´s sales company. The Solstickan Foundation was established in 1936.Social responsibility at a cost of millions
Aug 18, 2006 Within Swedish Match, there is a long tradition of social responsibility. Through our involvement in local projects worldwide, we contribute to social development in our own way. A few examples are the work of the Solstickan Foundation in Sweden, combating HIV/AIDS in South Africa and rebuilding work after the devastation caused by Hurricane Rita in the US.Offer to small shareholders: Sell without a brokerage fee
Aug 18, 2006 Are you a shareholder in Swedish Match with fewer than 200 shares? If so, you will soon receive an offer from the company enabling you to sell your shares without having to pay any charges or brokerage fees.In pursuit of flavor sensations
Aug 18, 2006 Borkum Riff maintains its strong market position and continues to guide pipe-smokers to a world of flavor sensations. Volumes are kept at a steady level with a constant flow of innovative new products, despite the declining world market for pipe tobacco.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
Jun 7, 2006Famous store part of cigar acquisition
Jun 7, 2006Chairman Mundebo takes his leave
Jun 7, 2006Two cancer specialists to contribute to new alternatives to smoking
Jun 5, 2006 Continued focus on increasingly pure Swedish snus. Continued development of products as alternatives to smoking, and more research on snus. These are some of the issues to be addressed in the future by cancer physicians Lars Erik Rutkvist and Freddi Lewin in their capacity as medical specialists.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
Dec 12, 2005 Three months is a short period, but in retrospect it is amazing how much can happen during a quarter, says Group CFO Lars Dahlgren.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
Jul 26, 2005 Swedish Matchs sales continued to show a stable trend during the first six months of the year. For snuff, we can be pleased to note that volumes increased in Scandinavia and that market share increased in the US. Operating income increased strongly, and previously implemented rationalization measures began to show effects, says Lars Dahlgren.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
May 12, 2005 The first quarter of 2005 got off to a stable start, laying a solid foundation for the coming quarters, says Lars Dahlgren, Swedish Matchs CFO, in his analysis of the results for the first quarter. Growth continued in the Cigars product area, and we take a positive view of how the Timber Wolf snus brand has performed in the US market.Public health report supports harm reduction concept
May 2, 2005 The net effects of changes in tobacco habits in Sweden are positive from a health viewpoint, since smoking is so much more damaging to health than snus. The current situation is that while we cannot exclude risks associated with snus, they are minimal compared with those from smoking.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
Feb 23, 2005 Effective January 1, 2005, all exchange-listed European companies began applying a new standard for financial reporting. Swedish Match has been prepared for this for a considerable time at Group level, and the practical work involved had already been initiated a year ago. It has been an enormous task and taken a large amount of time, but the positive result is that in future there will be better comparability between European listed companies when we are all using the same standard, comments Joakim Tilly, Group Finance.An eventful year
Feb 23, 2005 Operations developed favorably during 2004 and sales increased by 3 percent in local currencies. Volumes increased, particularly for cigars, as well as snus. Operating income increased and was affected by several items of a nonrecurring nature. The settlement with UST at the beginning of the year resulted in an income item of 1.5 billion SEK before tax, while write-downs, allocations to reserve and costs for rationalization measures were charged against earnings. Earnings per share rose to 5.61 SEK (4.68), and the Board of Directors has decided to propose that the dividend for the year be increased to 1.90 SEK (1.70).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
Jan 3, 2005 2005-01-03The 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"
Nov 19, 2004 He is CEO of the Nordic region's largest confectionery company and also a new member of Swedish Match's Board of Directors. With his long experience of working with fast-moving consumer goods, Karsten Slotte has much to bring to Swedish Match's Board work. But he personally thinks he also has a lot to learn and that the relationship will be mutually beneficial.Snus in focus
Nov 19, 2004 The crisis of cancer caused by cigarette smoking is considered having claimed millions of lives. As a means to "snuff out" this trend, Swedish snus has emerged as a model "Harm Reduction" product, because of its documented role in Sweden, helping a considerable number of smokers to quit. This gives Swedish Match an extraordinarily good business proposition in America and in other parts of the world. The challenge is to communicate in a restricted environment", says Lennart Freeman, president of Swedish Match, North American Division.Contradictory opinion on snus in EU
Nov 19, 2004 It is clear that the EU directive banning the sale of snus is invalid, since the ban lacks any motivation. Nevertheless, it should remain in force until the European Parliament can adopt a new, correctly motivated directive. This is the view expressed by the advocate general of the European Court of Justice in his opinion as to how the Court should rule on the matter.Interim Report January – September 2004
Swedish Match best IR website in Sweden
Oct 15, 2004 Swedish Match owns the best IR-website in Sweden, according to analysts and business journalists. This is established in the annual Webranking published on October 11, 2004.Swedish Match Cup with world star Peter Gilmore
Sep 10, 2004 With its 150,000 spectators during the first week in July, the Swedish Match Cup in match race sailing is one of Swedens largest public events. The worlds best sailors from the prestigious Americas Cup come to the west coast of Sweden to participate in the event that all other organizers on the global Swedish Match Tour try to match.Stable share price during most recent quarter
Sep 10, 2004New CFO focused on high return and new accounting rules
Sep 10, 2004 Lars Dahlgren was appointed as new Chief Financial Officer of Swedish Match on July 1. He succeeds Sven Hindrikes, who was appointed President and CEO on June 1. Inside asked the new CFO to present himself.25 years that gave Swedish Match an identity and continuity
Sep 10, 2004 Anyone who chooses to browse through Swedish Matchs annual reports since the beginning of the 1980s will observe a long cavalcade of management figures and Board members who appear in pictures only to disappear again after a year or two. However, one generally smiling face can be seen year in and year out - Massimo Rossi. During his 25 years with Swedish Match, the bakers son from Italy has represented continuity and identity with the Groups core match operations and the name Swedish Match, aAdvocat 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
Jul 7, 2004 Swedish Match North America and U.S. Tobacco have reached a settlement whereby UST will make a one-off payment of 200 MUSD (approximately 1,540 MSEK) to Swedish Match. Under the terms of the settlement, Swedish Match will also take over all of USTs cigar operations, with annual sales of about 11 MUSD (approximately 85 MSEK). The settlement marks the end of a legal dispute that began in July 2002.Record attendance at AGM
Jul 7, 2004 Attendance at Swedish Matchs Annual General Meeting earlier this year broke all records. More than 600 shareholders had registered to attend and, as usual, demonstrated their strong commitment to the company and its operations. They were to hear about yet another year of outstanding share performance and an average annual increase of 20 percent in earnings per share over the past five years, which in turn ensured that the proposed increase in the dividend to SEK 1.70 was approved. Not a bad piHearings in the European Court
Jul 7, 2004 ON JUNE 8, THE EUROPEAN COURT OF JUSTICE heard two cases concerning the ban on the sale of snuff within the EU.Corporate Governance in Swedish Match
Jul 7, 2004 Taking care of our shareholders has always been a strategic priority at Swedish Match. In recent years, however, requirements have been tightened with regard to how companies organize and report their entire chain of oversight and control routines, particularly from the point of view of shareholders. New policies and additional supervisory bodies have been introduced and procedures have been rigorously formalized. For Swedish Match, the companys listing on the US Nasdaq exchange has been an incentive to act, and it has responded by implementing Corporate Governance The Mid-Atlantic Way.Mr Tobacco bows out
Jul 7, 2004 When Klaus Unger resigns from the Board in connection to this year's Annual General Meeting, he will be able to look back on a 46-year career in the Swedish tobacco industry. He has made a substantial contribution to making Swedish Match what it is today, an international company with a clear and consistent strategy focusing on smokeless products. And he is confident about the Company's prospects.Appointments in Swedish Match
Sven Hindrikes Appointed President and CEO of Swedish Match
New variants and flavors
May 19, 2004 Swedish Match is constantly expanding its product range. Below we describe a selection of our product launches during the past six months.Lifelong passion for brands
May 19, 2004 When Arne Jurbrant was voted onto the Swedish Match Board of Directors two years ago, he had just finished a long career in the food industry, a sector characterized by a strong focus on brandbuilding. He regards the experience he gained there as one of the most important attributes he can bring to the work of the Board.New product range chart gives overall picture of snuff products
May 19, 2004 Consumers of snus will soon find it easier to navigate around Swedish Match extensive range of snus products. A clearer segmentation of the various brands and products is currently being implemented, based on portion size and characteristics. This is the aim of Swedish Match nomenclature project currently being put into practice in Swedish retail.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
Apr 7, 2004 Swedish Match's web site 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's website receives international award
Apr 7, 2004Swedish 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
Feb 1, 2004 Focus on reducing the harmful effects of smoking and save lives! Under this slogan, a number of respected researchers are challenging the prevailing opinions of health policy-makers and tobacco critics worldwide. Forty years after the risks of smoking became known, anti-smoking campaigns have had only limited success. Hopes of eliminating tobacco use in society in the foreseeable future seem increasingly unrealistic.Digital fireworks display crowns inaugural celebration
Nov 28, 2003A totally new workplace is always a pleasure for a municipality.
Economist with strategic interests
Nov 27, 2003 He was at the heart of the action when the Swedish Governments commercial interests were radically transformed during the 1980s and 1990s. Jan Blomberg joined the Swedish Match Board of Directors in 1996 and now heads the Boards recently constituted audit committee.Unique plant built in record time
Nov 27, 2003 At 11:00 a.m. on January 11, 2001, the ground was broken for what is now Swedish Matchs unique new snus plant in Kung㫶, near Gothenburg. Not only is the Kung㫶 plant the worlds most advanced snuff-production plant, but construction of the plant was also carried out substantially more rapidly than scheduled, based on a concept unique to Swedish Match. The inauguration in September was the symbolic culmination of many years of dedicated research and development work within Swedish Match.Firebreak tobacco chewing gum launched in Tokyo
Nov 27, 2003Swedish 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
Jun 25, 2003 Snuff has its origins in North America and spread to Europe via Columbus. The use of nasal snuff flourished at the influential French court and was quickly copied by the upper classes at many Central European courts. In Sweden, snus habits changed at the beginning of the 19th century, when placing moist snus under the upper lip became a widespread practice.Swedish snus is more part of the solution than part of the tobacco problem
Jun 25, 2003 Swedish snus is increasingly demonstrating that it is part of the solution to the tobacco problem, says vice president Bo Aulin, head of Corporate Affairs at Swedish Match. There is a sound scientific basis for claiming that Swedish snus is a realistic and effective alternative for reducing the health risks associated with the use of tobacco.New products ready for barbecue season
May 15, 2003 With its new products in the Solstickan family, the grill bag and the disposable grill, Swedish Match will be making barbecues simpler and more convenient this summer. The lightable grill bag is a totally new concept. No soot from the bag to blacken everything, and no need to use barbecue lighter fluid. In addition, SEK 0.20 goes to the Solstickan Fund for every bag or grill sold.Snuff heads east
May 15, 2003 As Swedish Match directs its attention to new markets for snus, the focus is on Russia. The test sales activities of the past year have now been intensified. As Swedish Match directs its attention to new markets for snus, the focus is on Russia. The test sales activities of the past year have now been intensified.Swedish Match shareholders approve dividend hike to 1.60 SEK
Interim Report January - March 2003
New company formed to boost sales in Norway
Apr 11, 2003There 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
Apr 11, 2003 Since the end of the 1950s, Swedish Match has been contributing financially to research on the effects of tobacco use. The money, which is distributed by the Swedish Medical Advisory Council, has supported a number of high-quality projects. An example is research into the link between smoking during pregnancy and sudden infant death syndrome, an area in which Swedish research is world-leading.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
Mar 17, 2003 The number of Swedish women who use snus is increasing, having doubled over the past five years. More than 60 percent are former smokers.Major step forward in snuff issue within EU
Mar 17, 2003 In November 2002, the administrative court in Minden, in the German state of North Rhine-Westphalia, decided to refer the issue of the EU ban on snuff to the Court of Justice of the European Communities in Luxembourg. The German court is seeking an answer as to whether the ban on sales of snuff within the EU is legal according to European Community Law. Swedish Match believes that this represents a major step toward lifting the ban.Report on Operations full year 2002
Share tips on the Net
Feb 10, 2003 The Internet offers a quick source of information about shares, including an abundance of facts about companies and details of share prices.Swedish Match announces new prices on moist snuff for sale in the US
Each word is significant
Jan 8, 2003 The Auditors Report may not look much, with its brief, standard formulations, but each precise word weighs extremely heavily,« says Bernt Magnusson, Chairman of the Board.The Swedish experience arouses interest in research circles
Jan 8, 2003 In a health context, the role of snuff (snus) as a significantly better alternative to cigarette smoking has created attention at a number of major international conferences during the past half year. The experiences cited have mainly derived from Sweden.Breakthrough in the European Snus issue
Swedish Match brings competition lawsuit against UST in US
Nov 25, 2002 Swedish Match has filed a federal anti-trust complaint in Kentucky against UST. Swedish Match accuses UST of using its near-monopoly status in an improper manner.Silver medal for the website
Oct 28, 2002In 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
Oct 24, 2002Market uneasiness dampens prices
Oct 21, 2002 The price of Swedish Matchs shares has resisted the dismal stock market climate during the first half of the year. Up until July 19, the price of the Companys shares had risen 27 percent, from SEK 55.50 to SEK 70.Swedish Match and Cuba Tobacco reach cigar settlement
Swedish Match named »Best Supplier«
Sep 16, 2002 Swedish Match has been named »Best Supplier in Service Retailing in Sweden.« The award was made for the first time by the National Association of Game and Service Retailers, the National Association of Petroleum Product Retailers and the Stockholm Fair at a trade fair in Stockholm in April.The snuff enjoyed by popes and laborers celebrates its 180th birthday
Sep 16, 2002 With inventiveness and stubbornness Jacob Fredrik Ljunglöv succeeded in establishing »Ettan« (»The One«) as the first »nationwide« snuff in Sweden. Railroad laborers who carried the snuff with them as they moved along were successful marketers. But even Pope Leo XIII liked the taste. »Ettan«, which celebrates its 180th birthday this year, is one of Sweden's oldest active brands and as Swedish as a Midsummer maypole.Strong culture creates shareholder value
Aug 16, 2002 »Swedish Match is a harmonious company. It has harmonious strength. It works. One of the reasons is the companys culture, the strongest I know of in any company. One of the Board of Directors most important tasks actually is to set the tone in the Company, to cultivate the culture, so that all employees are working together to produce and create value for the shareholders.«The Board is the extended arm of shareholders
Aug 16, 2002 The role and responsibility of a board of directors is often a matter of debate in media and financial markets. In Swedish Match there is a clear set of working rules that govern the distribution of work between the board and the Companys management. But the board not only has a supervisory role; it must also contribute by providing expertise and advice to management.Record earnings per share
Aug 15, 2002 The favorable start to 2002 also continued during the second quarter. During the first half of 2002, Swedish Matchs sales increased by 4 percent to 6,850 MSEK. The success is primarily attributable to solid organic growth, in which snuff sales reached record levels during the second quarter, commented Sven Hindrikes, the Groups CFO. Operating income for the period grew by a continued positive 19 percent to 1,245 MSEK. The earnings per share climbed 23 percent to 2.07 SEK, which was also a reInterim Report January - June 2002
Swedish Match takes legal action against US Tobacco
Successful start to 2002
Jun 24, 2002 Swedish Match had a good start in 2002. Despite continued weak economic conditions, sales during the first three months of the year rose 8 percent to 3,317 MSEK. Operating income increased even more sharply, rising 23 percent to 605 MSEK, and earnings per share were up a full 28 percent to SEK 1.02. »We are pleased with the strong increase in volumes for snuff in Northern Europe and the US, and improved margins for both smokeless tobacco and cigars,« notes Sven Hindrikes, Group CFO.Our strategies showed their strength during 2001
Jun 24, 2002 Last year was something of a breakthrough for Swedish Match unique strategy, with growing international attention focused on oral snuff as a smokeless alternative and a highly positive reaction from the stock market, commented Lennart Sund謠in his address to the Annual General Meeting on April 23. Our strategies fore the next few years prioritize continued organic growth, special efforts to utilize the potential for improving margins and making selective acquisitions, and optimization of the capital structure.Arbitrary, unreasonable and discriminatory
Jun 3, 2002 The ban on sales of Swedish snuff, snus, is arbitrary, unreasonable and discriminatory, and conflicts with the EUs fundamental principle concerning the free movement of goods. This was the opinion expressed by Bo Aulin, Swedish Match General Counsel and Senior Vice President, Corporate Affairs, at the Groups capital market day in Gothenburg on February 15.New names on the board
Jun 2, 2002 Tuve Johannesson and Arne Jurbrant, two genuine veterans of industry, were elected to Swedish Match Board of Directors at the Annual General Meeting.Smokeless in the US, Timber Wolf a solid success
May 17, 2002 Swedish Match success in the North American market for smokeless tobacco is continuing. The main locomotive is Timber Wolf, a strong snuff brand, but chewing tobacco also shows positive earnings growth, despite a declining total market.Cricket to sponsor Ferrari driver
May 17, 2002 DURING 2002, CRICKET WILL BE sponsoring Swedish motor-racing driver Tony Ring in the Ferrari Challenge race series. The competition, which has served as Ferraris own world championship since it was initiated in 1993, is contested at various Formula 1 tracks on five continents.Success for cigars in North America
Apr 29, 2002 Increased sales, market share gains and production efficiencies that sums up the success achieved by the personnel in charge of machine made cigars in the U.S. during 2001. Among the explanations are a more efficient sales force and improved marketing.Our basic principle is openness
Apr 29, 2002 AS CAN BE SEEN from the recently presented yearend report for last year, 2001 was a good year for Swedish Match. A year-end report contains a mass of information about our sales, earnings, markets and products. Group policy is to be as open as possible in our corporate communications.Swedish Match shareholders approve dividend hike to 1.45 SEK
Interim Report January - March 2002
Web pages increase consumer contacts
Apr 15, 2002 From about 20 consumer contacts a month to nearly 1,000! This dramatic increase is the result of two new snus brand websites for General (www.generalsnus.com) and Ettan (www.ettansnus.com).2001 the best year ever for Swedish Match shareholders
Apr 15, 2002 For Swedish Match shareholders, 2001 was the best year since the companys stock market introduction in 1996.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
Feb 13, 2002Report on Operations full year 2001
Ambitious program to sharpen efficiency of cigar production
Feb 10, 2002 Following several years of acquisition-based expansion, Swedish Matchs cigar operations are now turning its sights towards production. A comprehensive efficiencyenhancing program tops the agenda.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
Jul 24, 2001Swedish 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
Apr 24, 2001Swedish Match to launch snuff in India
Annual General Meeting of Swedish Match AB (publ)
Swedish Match announces new smokeless initiatives
Mar 12, 2001Report on Operations full year 2000
Feb 8, 2001US Federal Court lets stand FTC ruling
Dec 15, 2000Interim Report January - September 2000
Oct 26, 2000Swedish Match Board of Directors Calls for Extraordinary Shareholders Meeting
Interim Report January – June 2000
Jul 25, 2000Purchase of minority
Jul 4, 2000Restructuring moves for Matches
Jun 27, 2000Swedish Match's share buy-back
Jun 26, 2000Swedish Match's share buy-back
Jun 22, 2000Swedish Match's share buy-back
Jun 21, 2000Swedish Match's share buy-back
Jun 20, 2000Swedish Match's share buy-back
Jun 19, 2000Swedish Match to begin share buy-back
Jun 14, 2000Swedish Match completes closing of General Cigar
May 11, 2000Swedish Match to acquire Brasant Enterprises
May 8, 2000Shareholders approve share redemption and buyback, dividend increase; Anders Lannebo new Board memb
Interim Report January - March 2000
Apr 27, 2000Annual report -99
Apr 17, 2000Swedish Match Board Proposes Share Redemption Terms
Apr 12, 2000Swedish Match builds its portfolio in US
Feb 11, 2000Report on Operations 1999
Feb 9, 2000Changes in shareholdings
Oct 29, 1999Interim Report January - September 1999
Oct 29, 1999Swedish Match in Turkey
Sep 20, 1999El Credito Cigars acquisition completed
Sep 1, 1999Interim Report January - June 1999
Jul 27, 1999Swedish Match Annual General Meeting 1999
Interim Report January - March 1999
Apr 26, 1999Annual General Meeting of Swedish Match AB
Swedish Match introduces options program
Mar 26, 1999Changes in shareholdings
Feb 23, 1999Correction! Changes in shareholdings
Feb 23, 1999Annual report -98
Feb 12, 1999Report on Operations 1998
Feb 12, 1999New Group Management appointed
Feb 1, 1999Management information
Jan 26, 1999Management information
Jan 19, 1999Swedish Match concentrates lighter production
Jan 13, 1999Swedish Match sells Stockholm Headquarters
Dec 21, 1998Interim Report January - September 1998
Oct 23, 1998Interim Report January - June 1998
Aug 10, 1998New President and CEO at Swedish Match
Aug 10, 1998Extraordinary General Meeting of Swedish Match decided in favor of redemption
Swedish Match expands in Australia
Jun 22, 1998Annual General Meeting of Swedish Match
Restructuring of match production in Belgium
Mar 25, 1998Swedish Match enters into business in Australia
Mar 4, 1998Report on 1997 Operations
Feb 24, 1998Swedish Match enters into match business in India
Dec 17, 1997Swedish Match - First to Freemantle
Nov 23, 1997Interim Report January - September 1997
Nov 6, 1997Acquisition in Sweden
Oct 8, 1997Break-through in Turkey
Oct 8, 1997Whitbread takes Swedish Match around the world
Sep 21, 1997Approval of the Escort Agreement
Jun 5, 1997The court throws out Silbersky's lawsuit
Jun 4, 1997Swedish Match reports higher earnings
Nov 3, 1996Break-through in the Prince issue
Aug 7, 19962018
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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.
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.
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
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 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.
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.
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.
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.
Swedish Match comments on the exercise in part of the overallotment option in connection with the IPO of STG
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 starts reporting its share of results from Scandinavia Tobacco Group based on a one quarter lag
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.
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 (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
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.
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.
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
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.
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.