• Skip to main content
  • Go to main navigation
  • Go to language selector
SearchFree text

Swedish Match
SWMA Jul 4, 2022
10:56 AM CET
+ 0.0 % 104.60 SEK
The share
  • svenska
Close
  • Swedish Match websites

    • Image Bank
    • Swedish Match Brasil
    • Swedish Match Industries
    • Snus and Match Museum
  • Brand websites

    Smokefree

    • Swedish Match e-commerce service (SE)
    • Swedish Match e-commerce service (CH)
    • General (US)
    • Longhorn (US)
    • Pinkerton Tobacco
    • ZYN

    Lights

    • Cricket
    • Nitedals
    • Redheads
  • Other

    • Swedish Match Denmark
    • The Solstickan Foundation (SE)
  • Our company More Less

    Our company

    • Our company in brief More Less
      • CEO comment
      • Fact sheet
    • Vision and strategy More Less
      • Financial strategy
      • Sustainability strategy
      • Acquisitions and divestments
    • Markets More Less
      • Our product categories and markets
      • Trends
    • Organization More Less
      • Operating locations
      • Employees
    • Company history More Less
      • Svenska Tobaks AB
      • Svenska Tändsticks AB
      • Swedish Match AB
    • Corporate brand

    CEO comment

  • Our business More Less

    Our business

    • Smokefree More Less
      • Market development More Less
        • Smokefree products in the US
        • Smokefree products in Scandinavia
        • Smokefree products in Other markets
      • Nicotine products and regulations
      • History of snus
      • Snus production
      • Ingredients in snus
    • Cigars More Less
      • Market development
      • History of cigars
    • Lights More Less
      • Market development
    • Risk management
    • Outlook and risk factors

    Snus production

  • Corporate Governance More Less

    Corporate Governance

    • Annual General Meeting More Less
      • Annual General Meeting More Less
        • AGM 2021
        • AGM 2020
        • AGM 2019
      • Nominating Committee
      • AGM address and minutes
      • Dividend and financial policy
      • Auditors
      • Articles of association
    • Committees More Less
      • Remuneration Committee
      • Audit Committee
      • Disclosure Committee
    • Board of Directors More Less
      • About the Board
      • Activities of the Board of Directors
      • Compensation to Board
    • Management More Less
      • About the management
      • Guidelines for executive remuneration
      • Management compensation More Less
        • Incentive plans
    • Insider shareholding
    • Corporate Governance reports More Less
      • Internal control
    Participants at the AGM

    Annual General Meeting

  • Sustainability More Less

    Sustainability

    • Goals and progress
    • Our contribution to the UN SDGs More Less
      • UN SDGs aligned with our focus areas
      • UN SDGs beyond our focus areas
    • Strategy and organization
    • Materiality assessment More Less
      • Other topics outside our focus areas
      • Sustainable Tobacco Program
    • Value chain
    • Code of Conduct More Less
      • Supplier Code of Conduct
    • Focus areas More Less
      • Improve public health
      • Ensure ethical business practices
      • Reduce environmental impact
      • Human rights in our supply chain
      • Equal opportunity
    • Sustainability reporting
    • Sustainability FAQ
    • Sustainability contacts
  • Investors More Less

    Investors

    • The share More Less
      • Per share data
      • Shares outstanding
      • Share capital development
      • Share holdings More Less
        • Largest shareholders
      • Dividend information
      • Analysts and estimates
      • Indicies
    • Share split
    • Follow our journey
    • Calendar
    • Presentations More Less
      • Webcasts and audiocasts
    • Financial reports More Less
      • Interim reports
      • Annual reports More Less
        • Annual report 2021
    • Financial tables More Less
      • Income statement
      • Balance sheet
      • Cash flow analysis
      • By product segment More Less
        • Sales
        • Operating profit
        • Operating margin
      • Key ratios
      • Statement of comprehensive income
    • Debt information More Less
      • Debt sources of financing
      • Debt programs
      • Outstanding bonds
      • Credit rating
      • Financial risks More Less
        • Sensitivity analysis
    • IR contacts
    • Information on cash offer announcement by PMI
  • Media More Less

    Media

    • Press releases and news
    • Images More Less
      • Swedish Match logotype
    • Videos
    • Pressroom
    • Media contacts
  • Snus and health More Less

    Snus and health

    • Our standpoint
    • The Swedish Experience
    • Research on snus
    • Smoking cessation
    • GOTHIATEK® More Less
      • GOTHIATEK® standard
    • Snus and the Swedish Food Act
    • Nicotine More Less
      • Nicotine labeling of Swedish Match products
      • Snus, nicotine and nicotine addiction
    • Tobacco use More Less
      • Tobacco use in figures
    GOTHIATEK® Quality standard

    Swedish Match quality standard

  • Career More Less

    Career

    • Employee strategy
    • Our culture More Less
      • Employee surveys
    • Work environment
    • Diversity and non-discrimination
    • Competence development
    • Compensation and benefits
    • What we do
    • Meet our employees
    • Vacant positions
    • Student
    • HR contacts

    Vacant positions

Our websites
Language:
  • English
  • svenska
Media
  • Press releases and news
  • Images
  • Videos
  • Pressroom
  • Media contacts
Swedish Match's logo
Press release; May 31, 1999

Austria Tabak to acquire Swedish Match's cigarette business

Swedish Match and Austria Tabak have reached an Agreement to transfer the cigarette business of Swedish Match to Austria Tabak for 4,800 MSEK in cash.

The Agreement is subject to the satisfactory resolution of certain questions of practical and legal nature and appropriate approvals from relevant authorities.

The cigarette business of Swedish Match, with sales of 1.490 MSEK and EBIT of 473 MSEK (rolling 12 months), includes production facilities in Malmö, Sweden, management and marketing functions in Stockholm and a sales-force and in addition a local Estonian operation. In total appr. 500 employees will be subject to the transfer. The main products of Swedish Match’s cigarette business are Blend, Right and John Silver. Swedish Match had a 48 % market share in Sweden in 1998.

  • "Through the acquisition of Swedish Match’s cigarette business, Austria Tabak will significantly expand its cigarette operations and thus attain the scale to be increasingly competitive in this business segment in the fast consolidating European and global tobacco markets", says Heinz Schiendl, President and Chief Executive Officer of Austria Tabak. "In expanding into cigarette markets which Swedish Match serves today, Austria Tabak will look to use Swedish Match’s cigarette business as a platform for the introduction of selected brands of its own, whilst at the same time developing and continuing to invest in the existing established Swedish Match brands".
  • "I envisage that key management personnel and the majority of the employees of Swedish Match’s cigarette operations will continue to be employed subsequent to the transfer of ownership. Further I envisage that the production facilities in Malmö will continue in operation, he adds.
  • "Today Swedish Match’s business strategy focuses mainly on smokeless tobacco, an area in which we foresee considerable growth opportunities, particularly for moist snuff, and on cigars", says Lennart Sundén, President and Chief Executive Officer of Swedish Match. "The strategic importance of cigarettes in our product portfolio has diminished in recent years. Our ambition is to arrive at a sound industrial solution for the cigarette operations, with a new owner who can provide better conditions for the long-term development and management of these operations. Austria Tabak is an ideal choice from that, as well as many other, aspects", Lennart Sundén concludes. "In addition we envisage further strategic co-operation in markets outside of Sweden".

Swedish Match has been advised by Merrill Lynch International and Austria Tabak has been advised by CAIB Investment Bank AG.

Swedish Match is an international group with headquarters in Stockholm, Sweden. The company manufactures a broad range of tobacco products, matches and disposable lighters that are sold in approximately 140 countries. Annual sales in 1998 amounted to approximately MSEK 8,200. Swedish Match is listed on the Stockholm Stock Exchange and on NASDAQ

Austria Tabak is an international manufacturing and trading group focusing on Austria and Germany. The industrial activities comprise the production and marketing of tobacco products. As a tobacco wholesaler, Austria Tabak has operations in Austria, Germany and Hungary. The two divisions are equally important for the earnings power of the Austria Tabak Group. Annual sales in 1998 amounted to MATS 71.600 . Austria Tabak is listed on the Vienna stock exchange.

For further information please contact:

Swedish Match AB

  • Lennart Sundén, President & Chief Executive Officer Office +46 8 658 01 75
  • Sven Hindrikes, Senior Vice President &
  • Chief Financial Officer Office + 46 8 658 02 82
  • Bo Aulin, Senior Vice President, Corporate Affairs Office + 46 8 658 03 64

Austria Tabak AG

  • Heinz Schiendl, Chief Executive Officer Office +43 1 31342 1338
  • Diethard Schwarzmair, General Secretary Office +43 1 31342 1331
  • Hubert Greier, Press Officer Office +43 1 31342 1411

 


  • EN_126_0_19990531.doc
  • EN_126_1_19990531.pdf

Related documents

  • Presentations
  • Our company
  • CEO comment
  • Annual General Meeting

Share

Share Facebook Share Twitter Share Linkedin

Share this page by email

Incorrect email
Incorrect email
Home / Media / Press releases and news / Austria Tabak to acquire Swedish Match's cigarette business

Contact us

  • IR contacts
  • Media contacts
  • Sustainability contacts
  • HR contacts
  • Consumer contact
  • Web contact

Find us

  • Headquarters
  • Sales office
  • Factory
  • Distribution
  • Store
  • Research & Development
  • All addresses
Map

Corporate headquarters

Phone: +46 10 13 93 000

Sveavägen 44
SE-118 85 Stockholm

Corporate headquarters
Swedish Match

Swedish Match AB
SE-118 85 Stockholm

Phone +46 10 13 93 000
Corporate reg no. 556015-0756
contactus@swedishmatch.com

About the website

  • Sitemap
  • Site policy
  • Privacy notice
  • Information about cookies
  • Legal responsibility

Find information

  • Search
  • FAQ
  • Archive
  • Glossary

Subscription services

  • Subscription service
  • RSS

Follow us

Facebook Twitter Linkedin