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Swedish Match AB (SWMA.ST)

SWMA.ST on Stockholm Stock Exchange

333.70SEK
8 Dec 2017
Change (% chg)

-1.80kr (-0.54%)
Prev Close
335.50kr
Open
336.20kr
Day's High
336.60kr
Day's Low
333.30kr
Volume
1,298,314
Avg. Vol
629,185
52-wk High
337.20kr
52-wk Low
271.70kr

Latest Key Developments (Source: Significant Developments)

Swedish Match sells stake in Scandinavian Tobacco
Thursday, 9 Nov 2017 03:06am EST 

Nov 9 (Reuters) - Swedish Match AB :Sale of shares in Scandinavian Tobacco Group A/S.Says ‍has sold 9,069,906 shares, corresponding to its total shareholding, in Scandinavian Tobacco Group a/s​.Says ‍sale through an accelerated book building process to institutional investors at a price of DKK 109.13 per share​.Says ‍in addition, extraordinary dividend in amount of DKK 3.50 per share as announced by stg on 8 november, 2017 will accrue to seller.STG shares fall 4.9 percent 0810 GMT to DKK 110.20​ per share.  Full Article

Swedish Match says intends to sell its total shareholding in Scandinavian Tobacco Group A/S
Wednesday, 8 Nov 2017 12:54pm EST 

Nov 8 (Reuters) - Swedish Match AB -:Swedish Match announces intention to sell its total shareholding in Scandinavian Tobacco Group A/S.Unit Swedish Match treasury Switzerland retained Deutsche Bank to explore selling its total shareholding in Scandinavian Tobacco Group​.‍Price per share will be determined through an accelerated book building process to institutional investors​.‍Deutsche bank is acting as bookrunner in connection with placing​.  Full Article

Swedish Match CEO: sees renewed US moist snuff volumes going forward
Friday, 27 Oct 2017 09:00am EDT 

Oct 27 (Reuters) - Swedish Match CEO Lars Dahlgren in conference call with analysts and media: :says expects moist snuff volumes in the us to grow again going forward following decline in q3 versus previous quarter.  Full Article

Swedish Match Q3 operating profit beats forecasts​
Friday, 27 Oct 2017 02:26am EDT 

Oct 27 (Reuters) - Swedish Match :Q3 ‍sales increased by 1 percent in local currencies. Reported sales declined by 1 percent to 4,069 mln SEK (4,118)​.Reported operating profit from product areas amounted to 1,089 mln SEK (1,089) for Q3​.Q3 snus and snuff operating margin 45.2 percent versus Reuters poll forecast 43.6 percent.Reuters poll: Swedish Match Q3 operating profit from product areas was seen at 1,055 million SEK, net sales at 4,123 million.Says for 2017, on a full year basis, we expect Scandinavian snus as well as us moist snuff consumption to grow as measured in number of cans. In Scandinavia, we expect the growth to be more modest than in 2016‍​.Says we expect the level of competitive activity in the Scandinavian snus market to continue to be high 2017.Says for cigars in the US, Swedish Match expects the market to continue to grow during the remainder of 2017 but to remain highly competitive.Says continues to have the ambition to grow cigar volumes but note that the second half of 2016 was strong for cigar shipments.Says the operating loss for snus and nicotine pouches outside Scandinavia is now expected to be lower than in 2016.  Full Article

Moody's says price hikes and cost cuts light a stable fire for European tobacco sector's outlook
Wednesday, 26 Jul 2017 02:15am EDT 

July 26 (Reuters) - Moody's on European tobacco sector - :Moody's: price hikes and cost cuts light a stable fire for european tobacco sector's outlook.Moody's says price hikes combined with stronger product mix and cost cuts will help European tobacco Co grow operating profits at 5.0 pct - 6.0 pct over next 12-18 months.Moody's on European tobacco sector: in U.S. and Europe, price hikes, robust product mix and cost cutting will offset falling cigarette sales on operating profit growth.Moody's on European tobacco sector: alternative products will continue to gain traction, but unlikely to make significant impact on operating profits.Moody's on European tobacco sector - Philip Morris International will benefit from both U.S. dollar weakness and currency stability in emerging markets where it generates around 50 percent of its operating income.Moody's on European tobacco sector says cigarette consumption continues to increase in Middle East and Africa, but is declining in Russia.  Full Article

Swedish Match Q2 core profit roughly matches expectations
Friday, 21 Jul 2017 02:15am EDT 

July 21 (Reuters) - Swedish Match Ab :Says sales increased by 8 percent to 4,214 msek (3,920) for q2..Q2 ‍operating profit from product areas1) increased by 8 percent to 1,091 msek (1,008)​.Says ‍in local currencies, operating profit from product areas increased by 4 percent​.Swedish match ab says outlook has been updated based on developments during first six months.Q2 snus and snuff operating margin 42.0 percent.Reuters poll: swedish match q2 operating profit from product areas was seen at 1,057 million sek, net sales at 4,151 million sek.Swedish match ab says continues to have the ambition to grow cigar volumes but note that the second half of 2016 was strong for cigar shipments.Swedish match ab says the year on year comparison for cost of goods for cigars will be adversely impacted by the fda user fees through the third quarter of 2017.Swedish match ab says the operating loss for snus and nicotine pouches outside scandinavia is now expected to be lower than in 2016.Swedish match ab says decision to invest in additional zyn production capacity will predominantly affect capital expenditures in 2018.Swedish match ab says for 2017, on a full year basis, we expect scandinavian snus as well as us moist snuff consumption to grow as measured in number of cans. In scandinavia, we expect the growth to be more modest than in 2016.  Full Article

Litium: SMD Logistics chooses Litium On Demand for its e-commerce
Wednesday, 21 Jun 2017 09:09am EDT 

June 21 (Reuters) - LITIUM AB ::SAYS IT RECEIVED ORDER FROM SMD LOGISTICS, A WHOLLY-OWNED SUBSIDIARY OF SWEDISH MATCH.SMD LOGISTICS DECIDED TO IMPLEMENT ITS NEW E-COMMERCE ON LITIUM ON DEMAND CLOUD SERVICE.  Full Article

Swedish Match Q4 profit lags expectations, proposes extra dividend
Friday, 17 Feb 2017 02:17am EST 

Swedish Match AB : proposes a dividend of 16.00 sek per share consisting of an increased ordinary dividend of 8.50 sek (8.00) and a special dividend of 7.50 sek . operating profit from product areas increased by 5 percent to 954 msek (908) for q4 . Q4 snus and snuff margin 40.0 percent . Reuters poll: operating profit from product areas was seen at 985 million sek, snus & snuff operating margin at 43.3 pct, dividend at sek 8.38per share . sales increased by 6 percent to 3,957 msek (3,719) for q4 . says for 2017, on a full year basis, we expect scandinavian snus as well as us moist snuff consumption to grow as measured in number of cans. . says in scandinavia, we expect the growth to be more modest than in 2016 . says we expect the level of competitive activity in the scandinavian snus market to continue to be high in 2017 . says for cigars in the us, swedish match expects the market to continue to grow in 2017 but to remain highly competitive . says swedish match has the ambition to continue to grow cigar volumes in the us market in 2017 . says costs of goods per cigar are expected to increase due to both the full year effect of fda fees as well as higher raw material costs .says market related costs for snus outside scandinavia are expected to increase somewhat.  Full Article

Swedish Match says sold 9 mln shares in STG
Thursday, 19 Jan 2017 01:51am EST 

Swedish Match Ab : Says has sold in total 9,000,000 shares in Scandinavian Tobacco Group . Says following placing, seller owns 9,069,906 shares, corresponding to 9.1 percent of total number of shares and votes in STG Further company coverage: [SWMA.ST] (Reporting By Simon Johnson) ((simon.c.johnson@thomsonreuters.com;)).  Full Article

Swedish Match says intends to sell 9 pct of shares in STG
Wednesday, 18 Jan 2017 11:36am EST 

Swedish Match Ab : Swedish Match announces intention to place a portion of its shares of Scandinavian Tobacco Group . Says price per share will be determined through an accelerated bookbuilding process to institutional investors . Says bookbuilding period commences today, 18 january 2017, and may close at any time on short notice . Swedish Match says Deutsche Bank and Nordea have been retained by Swedish Match cigars holding to explore opportunity to sell approximately 9 percent of total share capital of Scandinavian Tobacco Group . The seller currently holds 18,069,906 shares, corresponding to 18.1 percent of the total number of shares and votes in STG Further company coverage: [SWMA.ST] (Reporting by Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +4687001017;)).  Full Article

BRIEF-Swedish Match appoints Tom Hayes as new CFO

* SAYS ‍MARLENE FORSELL HAS DECIDED TO RESIGN AS CHIEF FINANCIAL OFFICER FOR FAMILY REASONS​