Last $15.70 USD
Change Today -0.052 / -0.33%
Volume 600.0
SWMAY On Other Exchanges
Symbol
Exchange
Stockholm
OTC US
OTC US
Frankfurt
As of 8:10 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

swedish match ab-unspon adr (SWMAY) Key Developments

Swedish Match AB Reports Consolidated Earnings Results for the Fourth Quarter and Full Year and Parent Earnings Results for the Full Year Ended December 31, 2014; Proposes Increased Dividend for 2014; Provides Financial Guidance for 2015

Swedish Match AB reported consolidated earnings results for the fourth quarter and full year and parent earnings results for the full year ended December 31, 2014. Sales for the full year increased by 6% to SEK 13,305 million compared to SEK 12,610 million reported a year ago. In local currencies, sales increased by 4%. Operating profit from product areas for the full year increased by 2% to 3,446 million compared to SEK 3,375 million reported a year ago. In local currencies, operating profit from product areas increased by 1%. Operating profit amounted to SEK 3,780 million compared to SEK 3,855 million, including a capital gain of SEK 161 million, reported a year ago. Diluted EPS amounted to SEK 13.23 compared to SEK 13.61 reported a year ago. Diluted EPS, excluding larger one-time items, amounted to SEK 13.22 compared to SEK 12.80 reported a year ago. Cash flow from operating activities for the year amounted to SEK 3,276 million compared to SEK 2,500 million reported a year ago. The cash flow from operations increased compared to the prior year mainly as a result of improved cash flow from changes in working capital. Cash flow from changes in working capital benefited from timing effects in 2014, partly due to trade hoarding of snus in Scandinavia, and was negatively affected by timing effects in 2013. Investments in property, plant and equipment during the year amounted to SEK 223 million compared to SEK 306 million reported a year ago. The net debt as of December 31, 2014 amounted to SEK 8,126 million compared to SEK 8,388 million at December 31, 2013. Profit before income tax was SEK 3,270 million compared to SEK 3,310 million reported a year ago. EBITDA was SEK 4,083 million compared to SEK 3,968 million reported a year ago. EBITA was SEK 3,821 million compared to SEK 3,725 million reported a year ago. Profit attributable to equity holders of the parent was SEK 2,626 million compared to SEK 2,712 million reported a year ago. Purchase of intangible assets was SEK 5 million compared to SEK 35 million reported a year ago. For the fourth quarter, sales rose by 11% to SEK 3,536 million compared to SEK 3,178 million reported a year ago. In local currencies, sales increased by 7%. Operating profit from product areas for the fourth quarter by 8% to SEK 900 million compared to SEK 835 million reported a year ago. In local currencies, operating profit from product areas increased by 4%. Operating profit amounted to SEK 992 million compared to SEK 932 million reported a year ago. Diluted EPS amounted to SEK 3.55 compared to SEK 3.43 reported a year ago. Diluted EPS, excluding larger one-time items, amounted to SEK 3.55 compared to SEK 3.43 reported a year ago. Operating profit was positively affected by trade hoarding of snus in Sweden and Norway but negatively affected by higher costs for Swedish snus outside Scandinavia. Profit before income tax was SEK 861 million compared to SEK 804 million reported a year ago. EBITDA was SEK 1,074 million compared to SEK 1,009 million reported a year ago. Profit attributable to equity holders of the parent was SEK 700 million compared to SEK 375 million reported a year ago. The parent company’s sales for the full year amounted to SEK 48 million compared to SEK 44 million reported a year ago. Profit before income tax amounted to SEK 1,075 million compared to SEK 2,648 million reported a year ago. Net profit for the year amounted to SEK 989 million compared to SEK 2,607 million reported a year ago. The lower net profit for the year mainly pertains to lower dividends from subsidiaries compared to the previous year. Capital expenditures on tangible fixed assets for the year amounted to SEK 1 million. Operating loss was SEK 154 million compared to SEK 169 million reported a year ago. The company generates a substantial share of its sales and operating profit in the US. Based on current exchange rates and particularly the stronger USD, currency translation effects on sales and operating profit in 2015 are expected to be positive. Due to the relatively high corporate income tax rate in the US, the strengthening of the USD is likely to put upward pressure on the effective corporate tax rate of the group in 2015 compared to 2014. The Board proposes an increased dividend to SEK 7.50 compared to SEK 7.30 paid a year ago.

Scandinavian Tobacco Seeks IPO

Swedish Match AB (OM:SWMA) together with shareholder Skandinavisk Holding A/S said it was evaluating a potential initial public offering for Scandinavian Tobacco Group A/S. The business was looking at an IPO on the NASDAQ OMX Copenhagen exchange.

Swedish Match AB Presents at SEB Nordic Seminar, Jan-08-2015 03:40 PM

Swedish Match AB Presents at SEB Nordic Seminar, Jan-08-2015 03:40 PM. Venue: Hilton Copenhagen Airport Hotel, Copenhagen, Denmark.

Swedish Match Reportedly To Sell STG

Swedish Match AB (OM:SWMA) and Skandinavisk Holding A/S are in talks with private equity firms about sale Scandinavian Tobacco Group A/S (STG), two sources familiar with the matter. CVC Capital Partners Ltd, Rhone Capital, L.L.C. and Pamplona Capital Management LLP were bidding for STG, reported Bloomberg. First round bids are due on December 18, 2014. The process is being run by JP Morgan. BC Partners is also eyeing the sale, one of the sources said.

Swedish Match AB Reports Unaudited Consolidated Earnings Results for the Third Quarter and Consolidated and Parent Earnings Results for the Nine Months Ended September 30, 2014; Provides Tax Rate Guidance for 2014

Swedish Match AB reported unaudited consolidated earnings results for the third quarter and consolidated and parent earnings results for the nine months ended September 30, 2014. For the quarter, on consolidated basis, sales increased by 6% to SEK 3,416 million against SEK 3,230 million last year. Currency translation has affected the sales comparison positively by SEK 77 million. In local currencies, sales increased by 3%. Operating profit increased by 7% to SEK 989 million against SEK 924 million last year. Currency translation has affected the operating profit comparison positively by SEK 24 million. Profit before income tax was SEK 862 million against SEK 782 million last year. Profit for the period attributable to equity holders of the parent was SEK 695 million against SEK 629 million last year. Earnings per diluted share including larger one-time items were SEK 3.49 against SEK 3.14 last year. Earnings per diluted share excluding larger one-time items were SEK 3.49 against SEK 3.14 last year. EBITDA was SEK 1,067 million against SEK 990 million last year. For the nine months, on consolidated basis, sales increased by 4% to SEK 9,769 million against SEK 9,432 million last year. Currency translation has affected the sales comparison positively by SEK 44 million. In local currencies, sales increased by 3%. Operating profit was SEK 2,788 million against SEK 2,923 million last year. Profit before income tax was SEK 2,409 million against SEK 2,507 million last year. Profit for the period attributable to equity holders of the parent was SEK 1,925 million against SEK 2,036 million last year. Earnings per diluted share including larger one-time items were SEK 9.67 against SEK 10.18 last year. Earnings per diluted share excluding larger one-time items were SEK 9.67 against SEK 9.38 last year. Net cash from operating activities was SEK 2,537 million against SEK 2,100 million last year. Purchase of property, plant and equipment was SEK 167 million against SEK 232 million last year. Purchase of intangible assets was SEK 1 million against SEK 30 million last year. The cash flow from operations increased compared to the prior year mainly as a result of improved cash flow from changes in working capital and lower tax payments mainly due to timing. The net debt as of September 30, 2014 amounted to SEK 7,906 million compared to SEK 8,388 million at December 31, 2013. EBITDA was SEK 3,009 million against SEK 2,959 million last year. EBITA was SEK 2,818 million against SEK 2,781 million last year. For the nine months, on parent basis, sales were SEK 35 million against SEK 33 million last year. Operating loss was SEK 104 million against SEK 122 million last year. Loss before income tax was SEK 175 million against profit before income tax of SEK 1,251 million last year. Profit was SEK 17 million against SEK 1,473 million last year. The tax rate for 2014, excluding one-time items as well as associated companies and joint ventures, is expected to be around 22%.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SWMAY:US $15.70 USD -0.052

SWMAY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Altria Group Inc $56.50 USD +0.21
British American Tobacco Bangladesh Co Ltd 3,050 +12.30
Imperial Tobacco Group PLC 3,197 GBp +4.00
Japan Tobacco Inc ¥3,809 JPY +38.50
Reynolds American Inc $75.88 USD +0.26
View Industry Companies
 

Industry Analysis

SWMAY

Industry Average

Valuation SWMAY Industry Range
Price/Earnings 18.6x
Price/Sales 3.6x
Price/Book 174.7x
Price/Cash Flow 18.7x
TEV/Sales 2.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SWEDISH MATCH AB-UNSPON ADR, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.