Interim Report January - September 2003

- Sales declined by 6% and reached 9,692 MSEK (10,317)

- Sales were up 2% in local currencies

- Operating income declined to 1,693 MSEK (1,797) or by 6%

- Currency translation impact from subsidiaries reduced operating income by 171 MSEK, or 10%

- Net profit increased by 17% and amounted to 1,228 MSEK (1,050)

- EPS increased by 22% and was 3.68 SEK (3.01)

About Us

Swedish Match develops, manufactures, and sells quality products with market-leading brands. Swedish Match’s product areas are Snus and moist snuff, Other tobacco products (cigars and chewing tobacco), Lights (matches, lighters, and complementary products), and Other operations. Production is located in six countries, with sales concentrated in Scandinavia and the US. The Swedish Match share is listed on Nasdaq Stockholm (SWMA). Swedish Match’s vision is a world without cigarettes. Some of its well-known brands include: General, Longhorn, White Owl, Red Man, Fiat Lux, and Cricket.

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