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Swedish Match Q2 Operating Profit Up At SEK 1.43 Billion
Swedish Match CEO Sees "Noticable" Increase In Capex 2019
Swedish Match CEO: snus and nicotine pouches outside Scandinavia likely profitable 2018
Swedish Match AB develops, manufactures and sells products with brands in the product areas snus and moist snuff, other tobacco products (cigars and chewing tobacco), and lights (matches, lighters and complementary products). The Company's segments are Snus and moist snuff, Other tobacco products, Lights and Other operations. The Snus and moist snuff segment includes smokeless tobacco products that are produced and sold in Sweden, Norway and the United States. Its Lights segment includes manufacturing and distribution of matches and lighters, as well as distribution of complementary products. The Other tobacco products segment includes cigars and chewing tobacco sold on the United States market. Its other operations include primarily the distribution of tobacco products on the Swedish market and corporate overhead costs. The Company sells products across the globe with production units in six countries. Its brands include General, Longhorn, Onico, White Owl, Fiat Lux and Cricket.
Sveavagen 44 8Tr
Independent Chairman of the Board
Chief Executive Officer, President
Andrew Graham Cripps
Independent Deputy Chairman of the Board
Chief Financial Officer and Senior Vice President, Group Finance
Senior Vice President, Group Legal Affairs and General Counsel, Secretary to the Board
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Total Debt To Equity (MRQ)
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Return on Equity (TTM)
Swedish Match <SWMA.ST> posted on Thursday a bigger rise than expected in second-quarter profit and said the roll-out across the United States of its relatively new non-tobacco nicotine pouch product was well underway.
* Snus & non-tobacco pouch margin 44.6 pct, matches consensus
Swedish Match posted on Thursday a slightly bigger than expected rise in first-quarter profit helped by U.S. sales growth for its relatively new non-tobacco nicotine product and better profitability for its rolled leaf cigars.
Tobacco group Swedish Match said on Wednesday it was rolling out its new non-tobacco pouch product similar to its "snus" pouch across the United States this year, as it reported quarterly profits that roughly matched expectations.
Tobacco group Swedish Match posted on Wednesday a fourth-quarter operating profit just above expectations and said it would roll out its nicotine-free product across the United States in 2019.
The European Union's top court on Wednesday stood by an EU ban on the sale of snus, a moist snuff tobacco product made by Swedish Match, in line with advice earlier this year.
* CEO ups guidance for snus, snuff, nicotine pouches in the US
Tobacco group Swedish Match reported on Friday a slightly bigger rise than expected in third-quarter operating profit and said growth was strong for its moist snuff "snus" and tobacco free nicotine pouches outside Scandinavia.
Swedish Match on Thursday reported a bigger-than-expected rise in operating profit helped by a strong performance in snus and cigars.
Wet snuff and cigar maker Swedish Match reported on Thursday a bigger second-quarter operating profit than expected and said its push for its wet snuff "snus" and nicotine pouches outside the core Scandinavian market could swing into profit this year.
Tobacco group Swedish Match <SWMA.ST> beat expectations for first-quarter profit on Friday as profit margins for snus, a wet snuff tobacco, widened, but the profitability of its cigars shrank in the United States.
Wet snuff and cigar maker Swedish Match reported on Friday a bigger first-quarter operating profit than expected and predicted a growing but competitive Scandinavian snus market in 2018.
* ADVOCATE GENERAL DOES NOT RECOMMEND THE EUROPEAN COURT OF JUSTICE TO FIND THE EU SNUS BAN INVALID
Swedish Match CEO Lars Dahlgren told Reuters:
Tobacco group Swedish Match said on Wednesday it expected the Scandinavian snus market to continue to grow in 2018 and remain highly competitive as it reported higher than expected fourth-quarter operating profit and dividend.
* Q4 - IN LOCAL CURRENCIES, SALES INCREASED BY 6 PERCENT FOR Q4 AND BY 3 PERCENT FOR FULL YEAR
* ARTISAN PARTNERS LIMITED PARTNERSHIP REPORTS A 6 PERCENT PASSIVE STAKE IN MATCH GROUP, INC. AS OF DEC 31, 2017 - SEC FILING Source text:(http://bit.ly/2EnBCoi) Further company coverage:
* SAYS MARLENE FORSELL HAS DECIDED TO RESIGN AS CHIEF FINANCIAL OFFICER FOR FAMILY REASONS
* Says has sold 9,069,906 shares, corresponding to its total shareholding, in Scandinavian Tobacco Group a/s
* Swedish Match announces intention to sell its total shareholding in Scandinavian Tobacco Group A/S
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.