Releases - Swedish Match

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1998

 

Found press releases

 

Swedish Match sells Stockholm Headquarters

12/21/1998 8:16 AM EST
to Nordisk Renting for SEK 725


Nordisk Renting acquired Swedish Match's Corporate headquarters in Stockholm
on December 21, 1998, and at the same time entered into a long-term leasing
agreement for the entire property.


The divestment will result in a capital gain of SEK 267 M for Swedish Match.


The sale of the property is part of Swedish Match's strategy...

Swedish Match sells Stockholm Headquarters to Nordisk Renting

12/21/1998 6:00 AM EST
for SEK 725


Nordisk Renting acquired Swedish Match's Corporate headquarters in Stockholm
on December 21, 1998, and at the same time entered into a long-term leasing
agreement for the entire property.

The divestment will result in a capital gain of SEK 267 M for Swedish Match.

The sale of the property is part of Swedish Match's strategy of preparing
itself to play...

Swedish Match has acquired distribution company in Hong Kong

11/13/1998 5:33 AM EST
Swedish Match has acquired 100% of the shares in the distribution company M.
Beraha & Co Ltd. in Hong Kong.

M. Beraha & Co Ltd. is a distribution company of tobacco products in Hong Kong
and Macao and also includes tax-free sales to and from China. The company has
16 employees and the sales in 1997 amounted to approximately SEK 19 million
(HK$ 19 million).

Swedish Match is...

Interim Report

10/23/1998 9:49 AM EST
January - September 1998
Group sales rose to SEK 6,037 M (5,580).
Operating income declined to SEK 1,045 M (1,201).
Continued sharp increase in sales and operating income for snuff.
Net income totaled SEK 578 M (812).
Items affecting comparability charged against income amounted to SEK 108 M.


Summary of Consolidated Income Statement

SEK M ...

Interim January-September 1998

10/23/1998 7:00 AM EST
Interim Report

Januari - September 1998


*Consolidated sales rose to SEK 6,037 M (5,580).
*Operating profit amounted to SEK 1,045 M (1,201).
*Net profit amounted to SEK 578 M (812).


Compared with the year -earlier period, Swedish Match sales during the first
nine months of 1998 rose 8% to SEK 6,037M(5,580). SEK 390 M of the sales
increase a attributable...

Interim Report Januari - September 1998

10/23/1998 7:00 AM EST
[REMOVED GRAPHICS]


Interim Report

Januari - September 1998


Consolidated sales rose to SEK 6,037 M (5,580).

Operating profit amounted to SEK 1,045 M (1,201).

Net profit amounted to SEK 578 M (812).


Compared with the year -earlier period, Swedish Match sales during the first
nine months of 1998 rose 8% to SEK 6,037M(5,580)....

Interim Report January € June 1998

8/11/1998 9:14 AM EST
Interim Report

January - June 1998


Consolidated sales rose to SEK 3,814 M (3,626).

Operating profit amounted to SEK 650 M (741).

Net profit amounted to SEK 356 M (528).

Intensified efforts to increase efficiency of production plants.

Items affecting comparability against income amounted to
SEK 108 M.

Continued sharp increase in...

New President and CEO at Swedish Match

8/10/1998 7:00 AM EST
Earlier this year, Göran Lindén, the current President and CEO of Swedish
Match, informed the Chairman of the Board that he wished to resign operational
responsibility for the company prior to the 1999 Annual General Meeting.

In view of this request, the Board has today appointed Lennart Sundén to be
President and CEO, effective November 1, 1998. Lennart Sundén, who is a Master
of...

Pace of rationalization measures increases due to decline in profits

8/10/1998 7:00 AM EST
Swedish Match's sales during the first six months of 1998 rose 5 percent to
SEK 3,814M, compared with SEK 3,626 M during the corresponding period in 1997.
Operating profit declined to SEK 650 M, down from SEK 741 M. An item affecting
comparability amounting to SEK 48 M was charged against operating profit for
the period.

During the first six months of 1998, the Snuff Division continued...

Extraordinary General Meeting of Swedish Match

7/7/1998 9:49 AM EST
Shareholders at an today
resolved in favor of the proposal of the Board of Directors to redeem
34,752,689 shares at a re-
demption price of SEK 35 per share. The company's share capital is thereby
reduced
by SEK 69,505,378. The total redemption amount is SEK 1,216,344,115.

Shareholders at the Extraordinary General Meeting further decided in favor of
the Board's proposal to...

Swedish Match

Swedish Match develops, manufactures and sells market-leading brands in the product areas Snus and snuff, Other tobacco products (US mass market cigars and chewing tobacco), and Lights (matches and lighters).

The Group se...

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Emmett Harrison
  • Emmett Harrison
  • Senior Vice President Corporate Communications and Sustainability
  • +46-70-9380173
  • +46-8-6580173
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