Press release; Oct 26, 2011 8:00 AM CET

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.

Swedish Match telephone conference

A telephone conference will be held today, Wednesday 26 October at 2:00 p.m. (CET), (1:00 p.m. UK time). At this time we will review and comment on the results. Participants will include Lars Dahlgren, Joakim Tilly, and Emmett Harrison.

Listen to the telephone conference live at: http://www.swedishmatch.com/investors/

Replay will be available for 30 days at the link above as well as on telephone number:
UK replay number: +44 20 7031 4064, access code: 885234
US replay number: +1 954 334 0342, access code: 885234
Swedish replay number: +46 8 505 203 33, access code: 885234


For further information, please contact:
Lars Dahlgren, President and Chief Executive Officer
Office +46 8 658 0441, Mobile +46 70 958 0441
Joakim Tilly, Chief Financial Officer
Office +46 8 658 0213, Mobile +46 76 860 9597
Emmett Harrison, Senior Vice President Corporate Communications and Sustainability
Office +46 8 658 0173, Mobile +46 70 938 0173
Richard Flaherty, President US Division, US Investor Relations contact
Office +1 804 787 5130, Mobile +1 804 400 1774