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Swedish Match
SWMA Apr 23, 2021
5:29 PM CET
+ 0.5 % 712.00 SEK
The share
  • svenska
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  • svenska
Our company
  • Our company in brief
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Financial strategy

Swedish Match’s operations are characterized by strong cash flows. The financial strategy is centered on capital efficiency with a focus on financial flexibility and stability requirements.

Net debt

The Board of Directors has determined that the Group will strive to maintain a net debt that does not exceed 3 times EBITA. The actual level of net debt will be assessed against:

  • anticipated future profitability and cash flow
  • investment and expansion plans
  • acquisition opportunities
  • development of interest rates and credit markets

The Board of Directors’ long-term goal is to optimize the capital structure of the Group which in the current environment entails maintaining a Standard & Poor’s BBB and a Moody’s Baa2 long-term rating.

Shareholder distribution

Swedish Match has the ambition to continuously grow dividend per share with a payout ratio normally within the range of 40–60 percent of the earnings per share, subject to adjustments for larger one-time items. Excess funds shall be returned to shareholders through dividends and share repurchases.

Transfer of capital to shareholders

Ordinary dividendRepurchase of own sharesSpecial dividend
20161,5061,2494,016
20171,5452,5901,363
20181,6132,5121,298
20191,7772,9890
20202,0203,0990

Related information

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Key ratios
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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

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