Swedish Match reports sales increase

| February 21, 2013

Swedish Match’s sales for the year to the end of December, at SEK12,486 million, were up by seven per cent on those of 2011.

And sales during the fourth quarter of 2012, at SEK3,148 million, were up by three per cent on those of the fourth quarter of 2011.

Calculated in local currencies, sales for the full year increased by six per cent and for the fourth quarter by four per cent.

Operating profit from product areas (excluding net profit from SM’s share in STG and larger one off items) for the full year increased by nine per cent to SEK3,666 million, while fourth-quarter operating profit from product areas fell by two per cent to SEK883 million. In local currencies, operating profit from product areas for the full year increased by eight per cent and was flat for the fourth quarter.

Operating profit (including net profit from SM’s share in STG and larger one off items) amounted to SEK4,062 million for the full year 2012, up from SEK3,702 million in 2011, and to SEK986 million in the fourth quarter of 2012, down from SEK1,022 million during the fourth quarter of 2011.

Basic earnings per share increased for the full year by 18 per cent to SEK14.33 and for the fourth quarter by 15 per cent to SEK3.93.

Category: Breaking News

Comments are closed.

Sponsor Ad

Also in Tobacco Reporter

At the forefront

At the forefront

Altria is determined to lead the shift toward less-harmful products.

| December 1, 2017
‘On fire’

‘On fire’

Heat-not-burn products continue their conquest of Japan.

| December 1, 2017
Staying sharp

Staying sharp

In the cigarette paper industry, innovation remains key to staying competitive.

| December 1, 2017
Rebel with a cause

Rebel with a cause

Longtime Forest leader Simon Clark continues to champion the right of adults to make decisions.

| December 1, 2017
Tools for tomorrow

Tools for tomorrow

Machinery suppliers are developing new technologies to manufacture next-generation products.

| December 1, 2017
Buckling up

Buckling up

Manufacturers of belting solutions are successfully navigating the industry’s transition.

| October 1, 2017
The new endgame

The new endgame

Some strategies to phase out combustible cigarettes are more sensible than others.

| October 1, 2017

Sponsor Ad

Web exclusives

Celebrating cigars at Puro Sabor

Celebrating cigars at Puro Sabor

Five days of factory tours, farm visits, recreational activities and many, many cigars.

| February 5, 2018
Farmers concerned

Farmers concerned

The ITGA worries about slumping demand for leaf tobacco and a lack of alternative crops

| November 2, 2017
Their fair share

Their fair share

Tobacco growers deserve better

| November 1, 2017
Lease on life

Lease on life

Industry leaders respond to the FDA’s new attitude toward vapor products.

| October 1, 2017
The Vype Dossier

The Vype Dossier

Proving the reduced-risk potential of an e-cigarette

| October 1, 2017
Creating momentum

Creating momentum

The VTA took the fight to legislators firsthand.

| September 2, 2017
Battery battle

Battery battle

Sub-par production materials and user error are the main causes for battery failure.

| September 1, 2017

Sponsor Ad

From the leaf lands

Zimbabwe moving on

Zimbabwe moving on

Boosting the tobacco sector is one of the goals of new and proposed policies aimed at attracting business and investment to Zimbabwe, while encouraging exports.

| February 20, 2018
Zimbabwe plantings down

Zimbabwe plantings down

Unhelpful weather in Zimbabwe means that flue-cured tobacco plantings are down by more than five percent this season.

| February 19, 2018
Zimbabwe disease alert

Zimbabwe disease alert

A resurgence of a viral disease in Zimbabwe’s tobacco is being blamed on growers, but those who claim to be overseeing production must surely shoulder some of the blame.

| February 15, 2018
Seeking new alliances

Seeking new alliances

Alliance One International, which yesterday announced a rise in volume sales, is seeking to expand into new, added-value business lines that offer improved margins and good growth potential.

| February 9, 2018
Watching the weather

Watching the weather

Local observers believe that Indonesia, which grew 70,000 tons of tobacco in 2016, could grow 200,000 tons this year – if the weather is co-operative.

| February 9, 2018
Star Tobacco expanding

Star Tobacco expanding

Star Tobacco’s recent expansion is being reflected in the establishment of bigger facilities in Turkey and Indonesia.

| February 8, 2018

Sponsor Ad