Releases - Swedish Match

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1999

 

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Swedish Match and Gum Tech form Joint Venture for Non-Tobacco Nicotine Products

12/21/1999 4:24 AM EST
Swedish Match and Gum Tech form Joint Venture for Non-Tobacco Nicotine
Products.

Swedish Match AB and Gum Tech International have reached an Agreement in
Principle to form a joint venture to explore new business opportunities in
the field of non-tobacco nicotine products. The joint venture will be
organized as an independent company for the purpose of developing,
manufacturing,...

New appointed Executive Vice President of Swedish Match AB

12/9/1999 9:07 AM EST
Sven Hindrikes, Senior Vice President and Chief Financial Officer since
1998, has been appointed Executive Vice President as of January 1, 2000.

( Photos of Sven Hindrikes are available on the Swedish Match home page,
address: www.swedishmatch.com )
*****
Swedish Match is an international group with its head office in Stockholm.
The company produces an extensive range of OTP...

Swedish Match Pressrelease

10/29/1999 11:51 AM EST
Changes in shareholdings

After the recently published Report on Operations has Massimo Rossi, Senior
Executive Vice President and Deputy CEO, increased his Swedish Match Holdings
with 20.000 shares to 101.400 shares.

*****

Swedish Match is an international group with its head office in Stockholm. The
company produces an extensive...

Swedish Match Interim Report January-September 1999

10/29/1999 7:56 AM EST
Interim Report

January - September 1999

* Sales increased 14 percent to SEK 6,858 M
* Operating income increased by 60 percent to SEK 407 M in the third quarter
(excluding Cigarettes)
* Income before taxes, including capital gain of SEK 4,102 M, rose by SEK
4,436 M to SEK 5,330 M
* Strong increase in sales and earnings for Snuff and Cigars
* All product areas...

Pace of rationalization measures increases due to decline in profits

10/10/1999 6:06 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 to develop strongly,...

Swedish Match acquires Snuff and Pipe Tobacco Company in South Africa

10/6/1999 7:25 AM EST
* Important strategic step for growth within OTP (Other Tobacco Products:
smokeless, cigars and pipe tobacco)

* Platform for expansion in South Africa and neighbouring countries

* Extensive distribution network provides opportunities for increased sales
of Swedish Match´s products in southern Africa


Swedish Match has signed an agreement to acquire 80 percent of...

Swedish Match in Turkey

9/20/1999 1:45 PM EST
Swedish Match has entered into an agreement to acquire the outstanding 40%
shares in Swedish Match KAV in Turkey from Koç Holding AS controlled
companies. Swedish Match previously had a 60% share of Swedish Match KAV and
will consequently as a result of this transfer own and control 100% of the
company with manufacturing and sale of matches for mainly the Turkish market.

Swedish Match...

ABN AMRO BANK WINS CASH MANAGEMENT MANDATE FOR SWEDISH MATCH

9/7/1999 7:17 AM EST
ABN AMRO Bank has been appointed by Swedish Match to manage its European cash
management needs across four countries.

ABN AMRO Bank will implement a new structure for Swedish Match and it will
initially include 16 legal entities. Swedish Match will be able to take
advantage of ABN AMRO Bank's local contacts within its European banking
network. To optimise interest earnings and cash...

El Credito Cigars acquisition completed

9/1/1999 12:12 PM EST
.

Swedish Match AB has completed the previously announced acquisition of El
Credito Cigars to Swedish Match.

The purchase includes the highly respected brand La Gloria Cubana, along with
other brands and production units in the Dominican Republic and in Miami,
Florida, with a total of 350 employees. Ernesto Perez-Carillio, President of
El Credito Cigars, will continue as...

Swedish Match acquires premium cigar company in the US

8/25/1999 8:42 AM EST
Swedish Match acquires premium cigar company in the U.S.


Swedish Match has entered into a definitive agreement to acquire El Credito
Cigars, based in Miami, Florida, which produces premium handmade cigars
principally for the U.S. market.


The company's largest and most well-known brand is La Gloria Cubana, one of
the most exclusive cigars sold in the U.S. The company's...

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
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