Swedish Match
 |
|
| Publicly traded Aktiebolag | |
| Traded as | Nasdaq Stockholm: SWMA |
| Industry | Personal & household goods |
| Predecessor | Svenska Tändsticks AB Jönköpings Tändsticksfabrik Svenska Tobaksmonopolet |
| Founded | 1915 |
| Headquarters | , Sweden |
|
Key people
|
Conny Karlsson (Board chairman), Lars Dahlgren (President and CEO) |
| Products | |
| Revenue |
 SEK 14.486 billion (2015) |
|
SEK 4.008 billion (2015) |
|
|
SEK 2.803 billion (2015) |
|
| Total assets |
 SEK 14.824 billion (2015) |
| Total equity |
SEK 252 million (2015) |
|
Number of employees
|
4,488 (average 2015) |
| Website | www.swedishmatch.com |
Swedish Match is a Swedish company based in that makes snus, moist snuff, and chewing tobacco (with its Red Man brand). These products are known as moist smokeless tobacco. The company also makes machine-made cigars, matches, lighters as well as razors, batteries, light bulbs and tooth picks. Swedish Match operates in nine countries, with 4,488 employees (2015). The products are sold in more than 100 countries worldwide.
The Swedish Match share has been listed on , large cap segment, since 1996, with the ticker symbol SWMA. It is a constituent of the OMX Stockholm 30 and OMX GES Sustainability Sweden indices. In 2015, approximately 60 percent of the trades by number of shares were done at Nasdaq Stockholm, 25 percent at Chi-X, 11 percent at Turquoise, and 3 percent at BATS. The group had total sales of 14,486 MSEK and an operating profit from product areas of 3,690 MSEK. Snus and moist snuff accounted for 35 percent of sales and 54 percent of Swedish Match’s operating profit.
The operations of Swedish Match originate from two companies: Svenska Tobaksmonopolet, a tobacco monopoly owned by the Swedish state and founded in 1915, and Svenska Tändsticks Aktiebolaget (STAB), a match manufacturing company founded in 1917 by Ivar Kreuger (also known as the ”Match King”) in connection with the acquisition of Jönköpings Tändsticksfabrik. In 1992, the tobacco and lights operations were joined in the Procordia Group. Two years later, they were merged into an independent company named Swedish Match, which became publicly listed in 1996.
Svenska Tändsticks AB (STAB)
In 1917, Ivar Kreuger founded Svenska Tändsticks Aktiebolaget (STAB) in Jönköping (also known as "City of the matches"). It was a merger between Aktiebolaget Förenade Tändsticksfabriker and Jönköpings & Vulcans Tändsticksfabriksaktiebolag. A year later, STAB was listed on the Stockholm Stock Exchange. By expanding through acquisition of government-created monopolies by lending money to the governments, and through mergers with for instance the British match company Bryant and May in 1927, it became the world's largest match manufacturer. In 1930, the company controlled 60 percent of the world’s match production and was the sole owner of match companies in 33 countries.
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Wikipedia