Key data, MSEK
| Key data, MSEK | 2019 | 2018 | 20171) |
|---|---|---|---|
| Sales | 14,739 | 12,966 | 11,751 |
| Sales from product segments | 14,363 | 12,612 | 11,410 |
| Operating profit from product segments | 5,828 | 4,936 | 4,345 |
| Operating profit, excluding larger one time items | 5,675 | 4,812 | 4,219 |
| Operating profit | 5,307 | 4,812 | 4,592 |
| Operating margin from product segments, % | 40.6 | 39.1 | 38.1 |
| Operating margin, %2) | 38.5 | 37.1 | 35.9 |
| EBITDA from product segments | 6,312 | 5,301 | 4,673 |
| EBITDA | 6,222 | 5,227 | 4,600 |
| Profit for the year | 3,896 | 3,578 | 3,400 |
| Earnings per share, basic and diluted, SEK | 23.22 | 20.63 | 18.88 |
| Adjusted earnings per share, basic and dilluted, SEK3) | 25.41 | 20.63 | 16.404) |
| Ordinary dividend per share, SEK | 12.505) | 10.5 | 9.20 |
| Special dividend, SEK | – | – | 7.40 |
1) Financial statements for 2017 has been restated in accordance with IFRS 15.
2) Excluding larger one-time items and income from STG.
3) Larger one-time items during 2019 amounted to -367 MSEK and during 2017 to 373 MSEK. There were no larger one-time items in 2018.
4) Excluding income from STG.
5) Board proposal.
Our business
Swedish Match operates in the product segments – Snus and moist snuff, Other tobacco products, and Lights. More than a third of total company sales and more than half of the operating profit come from the product segment Snus and moist snuff.
Swedish Match has a market leading position in the Scandinavian snus market and is the number two player for nicotine pouches. In the US, Swedish Match is well positioned as the third largest snus and moist snuff company and is the clear market leader in the nicotine pouch segment.
Swedish Match is a major player in the US market for mass market cigars and the largest manufacturer of US chewing tobacco. Swedish Match is one of the largest manufacturers in the niche chewing tobacco categories of chew bags and tobacco bits, produced in Denmark and sold mostly in Europe.
Swedish Match is a leading manufacturer and distributor of matches and lighters with a strong brand portfolio across the globe. Swedish Match also offers a portfolio of externally sourced complementary products (mainly for the Brazilian market), which include for example disposable razors, batteries and light bulbs.
Sales1)
| Product area | SEK |
|---|---|
| Snus and moist snuff | 7,484 |
| Other tobacco products | 5,679 |
| Lights | 1,200 |
| Other operations | 376 |
1) Full year 2019
Operating profit1)
| Product area | SEK |
|---|---|
| Snus and moist snuff | 3,477 |
| Other tobacco products | 2,113 |
| Lights | 238 |
Employees1)
| Country | Percent |
|---|---|
| The Dominican Republic | 47 |
| Sweden | 20 |
| The US | 17 |
| Brazil | 8 |
| The Philippines | 3 |
| Denmark | 2 |
| The Netherlands | 1 |
| Other | 2 |
The Swedish Match organization comprises three divisions and the Corporate functions. Swedish Match operates in eleven countries and our products are sold across the globe.
