HM Sampoerna
| Public Company (: HMSP) | |
| Founded | 1913 |
| Founder | Liem Seeng Tee |
| Headquarters | Surabaya, Indonesia |
|
Key people
|
Paul Norman Janelle, President Director John Gledhill, President Commissioner Eunice Carol Hamilton, Vice President Commissioner |
| Products | Mild cigarettes, Kreteks |
| Revenue | Rp 22,006.97 billion (Q3 2007) |
| Rp 3,002.5 billion (Q3 2007) | |
| Owner | Philip Morris International |
| Parent | Philip Morris Indonesia |
| Website | www.sampoerna.com |
PT Hanjaya Mandala Sampoerna Tbk. (: HMSP) is an Indonesian tobacco company. Sampoerna is one of the largest Indonesian tobacco company, ahead of Bentoel Group and Nojorono. It produces kretek-type clove cigarettes. Its most popular brand is Sampoerna 'A' Mild, a filter cigarette in white paper. Sampoerna reported 2006 net sales of 29.55 trillion rupiah (approximately $3.22bn using the February 22, 2008 exchange rate) resulting in 3.53 trillion rupiah net income.
In May, 2005, Philip Morris International, at that time a subsidiary of the Altria Group, completed the acquisition of 97.95% of the company. Sampoerna reported 2006 net sales of 29.55 trillion rupiah (approximately $3.22bn using the February 22, 2008 exchange rate) resulting in 3.53 trillion rupiah net income. A block of approximately 40% of the outstanding stock was sold by the controlling Sampoerna family, especially by Putera Sampoerna, and other insiders in a negotiated transaction and the remaining shares were purchased in a tender offer. The series of transactions valued the company at approximately $5.2 billion. The investment in Sampoerna represented a strategic move for Altria. Philip Morris International was spun off from Altria in 2008. Although Marlboro is the most popular Western-style (non kretek cigarette), most Indonesians still smoke kretek cigarettes.
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