Key data, MSEK
| Key data, MSEK | 2018 | 20171) | 20161) |
|---|---|---|---|
| Sales | 12,966 | 11,751 | 11,222 |
| Sales from product segments | 12,612 | 11,410 | 10,875 |
| Operating profit from product segments | 4,936 | 4,345 | 4,122 |
| Operating profit, excluding larger one time items | 4,812 | 4,219 | 4,166 |
| Operating profit | 4,812 | 4,592 | 6,420 |
| Operating margin from product segments, % | 39.1 | 38.1 | 37.9 |
| Operating margin, %2) | 37.1 | 35.9 | 37.1 |
| EBITDA from product segments | 5,301 | 4,673 | 4,410 |
| EBITDA | 5,227 | 4,600 | 4,504 |
| Profit for the year | 3,578 | 3,400 | 5,123 |
| Earnings per share basic and dilluted, SEK | 20.63 | 18.88 | 27.38 |
| Earnings per share, excl. STG, basic and dilluted, SEK | 20.63 | 18.38 | 26.44 |
| Earnings per share, excl. STG, adjusted, basic and dilluted, SEK3) | 20.63 | 16.40 | 14.39 |
| Ordinary dividend per share, SEK | 10,504) | 9,20 | 8.50 |
| Special dividend, SEK | – | 7,40 | 7.50 |
1) Financial statements for 2017 has been restated in accordance with IFRS 15. Sales for 2016 has for comparable reasons been restated to reflect revenue recognition in accordance with agent accounting under IFRS 15.
2) Excluding larger one-time items and income from STG.
3) There are no larger one-time items in 2018. Larger one-time items in 2017 amounted to 373 MSEK and in 2016 to 2,254 MSEK.
4) 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. In the US, Swedish Match is well positioned as the the third largest manufacturer of moist snuff and is a significant player in the market for snus and nicotine pouches.
Swedish Match holds the number 2 position in the US market for mass market cigars and is the largest manufacturer for chewing tobacco.
Sales1)
| Product area | SEK |
|---|---|
| Snus and moist snuff | 6,127 |
| Other tobacco products | 5,240 |
| Lights | 1,246 |
| Other operations | 353 |
1) Full year 2018
Operating profit1)
| Product area | SEK |
|---|---|
| Snus and moist snuff | 2,791 |
| Other tobacco products | 1,956 |
| Lights | 189 |
Employees1)
| Country | Percent |
|---|---|
| The Dominican Republic | 44 |
| Sweden | 21 |
| The US | 17 |
| Brazil | 9 |
| The Philippines | 3 |
| The Netherlands | 2 |
| Other | 4 |
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.
