Swedish Match AB (Swedish Match) operates in all four Index Regions, and in 11 of the 36 Index Countries. Its top five Index Countries by Volume Sales are the USA, Sweden, Switzerland, the UK and Poland.
Swedish Match operates across HMICs (nine Index Countries) and LMICs (two Index Countries).
Swedish Match’s product portfolio consists of cigars and cigarillos, snus, moist snuff, non-tobacco nicotine pouches and chewing tobacco.
“Swedish Match has a vision of A world without cigarettes, and we are committed to making important contributions on our path towards that vision. When cigarette smokers find attractive and less harmful alternatives, and choose to stop smoking altogether, they benefit, and so does society.”
(Lars Dahlgren, President and CEO, Swedish Match Annual Report 2021, signed March 2022)
Swedish Match’s Volume Sales of HRPs increased over the 2019-2021 review period (from 13.5 to 15.9 billion stick equivalents), due to a year of “record sales” for the company’s USA cigar division in 2021.
Swedish Match’s ratio of total Volume Sales from RRPs is the highest of all Index Companies (53%). Volume sales of RRPs increased further over the 2019-2021 review period (from 15.9 to 17.6 billion stick equivalents), especially Volume Sales of non-tobacco nicotine pouches in the USA.
In 2021, Swedish Match’s Ratio of Number of Countries (RRPs versus HRPs) increased, as the company expanded distribution of its Zyn non-tobacco nicotine pouch brand to three more Index Countries, as well as increasing (by one) the number of Index Countries in which it sells chewing tobacco.
Swedish Match’s Capital Allocation & Expenditure category score declined marginally in the 2022 Index, compared to the 2020 Index. The company’s share of R&D expenditure on RRPs declined from 96% (2019) to 91% (2021), and its share of Capital Expenditure on RRPs declined from 92% (2019) to 91% (2021).
ppts = Difference in percentage between 2021 and 2019
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