| Business Summary | | Swedish
Match
AB
is
an
international
company
engaged
in
niche
tobacco
products,
or
OTP
(other
tobacco
products),
such
as
snuff,
cigars,
pipe
and
chewing
tobacco,
as
well
as
lighters
and
matches.
The
Company
sells
its
products
in
more
than
140
countries,
with
production
in
15
countries.
Swedish
Match
is
organized
into
five
divisions:
North
Europe,
Continental
Europe,
North
America,
Overseas
and
Matches.
In
August
2001,
the
Company
acquired
the
smokeless
tobacco
trademarks
of
Premium
Tobacco
Traders
Ltd.
With
this
purchase,
Swedish
Match
will
market
dry
snuff
products
in
Germany,
Switzerland
and
France.
The
Burger
group
previously
distributed
these
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Swedish
Match
AB
produces
a
broad
range
of
tobacco
products,
matches
and
disposable
lighters
which
are
sold
in
approximately
140
countries.
For
the
six
months
ended
6/30/01,
sales
rose
25%
to
SEK6.56
billion.
Net
income
rose
13%
to
SEK621M.
Revenues
reflect
sales
gains
for
cigars,
pipe
tobacco,
lighters
and
snuff.
Earnings
were
partially
offset
by
lower
snuff
margin
due
to
increased
expenses
for
developing
and
launching
new
products. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Brent Magnusson, 59 | Chairman | Lennart Sunden, 48 | Pres
and CEO | Lennart Freeman, 49 | Pres,
North America Division | Graham Jones, 51 | Pres,
Match Division | Peter Nilsson, 38 | Pres,
Lighter Division |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|