Edition:
United Kingdom

Swedish Match AB (SWMA.ST)

SWMA.ST on Stockholm Stock Exchange

458.80SEK
5:00pm BST
Change (% chg)

1.60kr (+0.35%)
Prev Close
457.20kr
Open
456.10kr
Day's High
461.40kr
Day's Low
456.00kr
Volume
684,564
Avg. Vol
739,833
52-wk High
533.80kr
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278.90kr

Latest Key Developments (Source: Significant Developments)

Institutional investor sold 4.3 million shares in Swedish Match
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Carnegie Investment Bank::SALE OF SHARES IN SWEDISH MATCH AB.CARNEGIE INVESTMENT BANK SAYS AN INSTITUTIONAL INVESTOR HAS SOLD APPROXIMATELY 4.3 MILLION SHARES IN SWEDISH MATCH AB THROUGH AN ACCELERATED BOOKBUILDING TO SWEDISH AND INTERNATIONAL INSTITUTIONAL INVESTORS AT A PRICE OF SEK 469.00 PER SHARE.  Full Article

Swedish Match To Buy Majority Share In Gotlands Snus AB
Thursday, 26 Jul 2018 

July 26 (Reuters) - Swedish Match AB ::SWEDISH MATCH HAS SIGNED AN AGREEMENT TO ACQUIRE A MAJORITY SHARE IN GOTLANDS SNUS AB.SIGNED AGREEMENT TO ACQUIRE A MAJORITY SHARE IN GOTLANDS SNUS AB, A PRIVATELY HELD SWEDISH COMPANY.GOTLANDSSNUS PRODUCES APPROXIMATELY 4 MILLION CANS PER YEAR AND DETAILS OF PURCHASE PRICE HAVE NOT BEEN DISCLOSED.TRANSACTION IS PLANNED TO BE COMPLETED ON AUGUST 22.  Full Article

Swedish Match sells stake in Scandinavian Tobacco
Thursday, 9 Nov 2017 

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 

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 

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 

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

Swedish Match acquires Denmark's V2 Tobacco
Friday, 1 Sep 2017 

Sept 1 (Reuters) - Swedish Match AB :Swedish match acquires V2 Tobacco.Says annual turnover of acquired co in range of 160 MSEK, and has approximately 60 employees (FTE).Says details of purchase price have not been disclosed.  Full Article

Swedish Match CEO sees natural leafs boosting US cigar market share 2017
Monday, 8 May 2017 

May 8 (Reuters) - Swedish Match Ab :Swedish match ceo says believes will take us cigar market share in 2017 helped by natural leafs segment.Swedish match ceo says nothing indicates the rate of growth in the swedish snus market will continue to slow.Swedish match ceo says will hand in amendment to company's modified risk application to the us fda, could take a couple of years before receives a new fda decision.  Full Article

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European shares dip on trade tensions, Italy banks buoyed

LONDON European shares traded lower on Wednesday as trade tensions and growing worries about emerging market currencies cut investor appetite for risky assets.