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2016-05-04

Swedish Match: Interim Report January - March 2016

· Sales increased by 6 percent to 3,557 MSEK (3,368) for the first
quarter. In local currencies, sales increased by 7 percent.

· Operating profit from product areas1) increased by 8 percent to
939 MSEK (866) for the first quarter. In local currencies, operating
profit from product areas1) increased by 10 percent.

· Growth of sales and operating profit from product areas1) was
positively affected by lower trade destocking in Scandinavia in 2016
than in 2015.

· Operating profit2) amounted to 1,711 MSEK (1,014) for the first
quarter, including larger one-time items of 704 MSEK relating to the
capital gains of the previously announced partial divestment of STG
and the divestment of distribution center real estate.

· Earnings per share amounted to 7.44 SEK (3.68) for the first
quarter. Adjusted earnings per share increased by 9 percent to 3.71
SEK (3.40)3).

· As previously announced, STG was listed on Nasdaq Copenhagen
during the first quarter and in connection with the listing, Swedish
Match reduced its ownership in STG from 49 percent to 31.1 percent.

1) Operating profit for Swedish Match product areas, which excludes
larger one-time items and share of net profit in STG.

2) Operating profit for the Group includes larger one-time items and
share of net profit in STG. Swedish Match's share of net profit in
STG is reported with a one quarter lag. For the first quarter 2016,
Swedish Match's reported share of STG's net profit represents 31.1
percent of STG's fourth quarter 2015 net profit.

3) Adjusted for Swedish Match's larger one-time items in 2016 and the
adjustment of share of profit in STG for the reassessment of useful
lives of certain assets (primarily trademarks) in the first quarter
2015.

For the full report: http://www.swedishmatch.com/investors/

Swedish Match telephone conference
A telephone conference will be held today, Wednesday, May 4 at 11:30
a.m. (CET), (10:30 a.m. UK time). At this time we will review and
comment on the results. Participants will include Lars Dahlgren,
Marlene Forsell, and Emmett Harrison.

Listen to the telephone conference live at:
http://www.swedishmatch.com/investors/

Replay will be available for 30 days at the link above as well as on
telephone number:

UK replay number: +44 20 7031 4064, access code: 957775
US replay number: +1 888 365 0240, access code: 957775
Swedish replay number: +46 8 505 203 33, access code: 957775
__________
Contacts:

Lars Dahlgren, President and Chief Executive Officer
Office +46 8 658 0441

Marlene Forsell, Senior Vice President and Chief Financial Officer
Office +46 8 658 0489

Emmett Harrison, Senior Vice President Investor Relations and
Corporate Sustainability

Office +46 8 658 0173
Richard Flaherty, President US Division, US Investor Relations contact
Office +1 804 787 5130
___________

The character of the information in this report is such that it shall
be disclosed by Swedish Match AB (publ) in accordance with the
Swedish Securities Markets Act. The information was disclosed to the
media on May 4, 2016 at 08.15 a.m. (CET).

___________
Swedish Match develops, manufactures, and sells quality products with
market-leading brands in the product areas Snus and moist snuff,
Other tobacco products (cigars and chewing tobacco), and Lights
(matches, lighters, and complementary products). Production is
located in six countries, with sales concentrated in Scandinavia and
the US. The Swedish Match share is listed on Nasdaq Stockholm (SWMA).

Swedish Match's vision is a world without cigarettes. Some of its
well-known brands include: General, Longhorn, White Owl, Red Man,
Fiat Lux, and Cricket.

___________

Swedish Match AB (publ), SE-118 85 Stockholm, Sweden
Visiting address: Sveavägen 44, 8th Floor. Telephone: +46 8 658 0200
Corporate Identity Number: 556015-0756
www.swedishmatch.com

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http://news.cision.com/swedish-match/r/interim-report-january---march-20...
http://mb.cision.com/Main/2004/2002054/510849.pdf

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