Interim Report January - June 2002

Interim Report January - June 2002 · Sales increased 4 percent to 6,850 MSEK (6,564) · Operating income increased 19 percent to 1,245 MSEK (1,046) · Income before taxes increased 19 percent to 1,103 MSEK (930) · EBITDA increased 17 percent to 1,590 MSEK (1,357) · EPS increased 23 percent to 2.07 SEK (1.68) · EPS, excluding amortization, increased to 2.48 SEK (2.06) · Total shares outstanding as of June 30, 2002 was 348.3 million (358.5) Sales for the first six months increased by 4 percent, to 6,850 MSEK (6,564). Currency rates have affected sales negatively by 1 percentage point during the first six months. Organic growth amounted to 5 percent. Sales and operating income increased for smokeless products (snuff and chewing tobacco) as well as cigars and matches. Operating income grew by 19 percent to 1,245 MSEK (1,046), with the significantly stronger performance versus sales primarily attributable to improved margins in snuff, cigars, and matches. Net financial expense was -71 MSEK (-70). Net interest expense was -69 MSEK (-70). Diluted EPS increased 23 percent to 2.07 SEK (1.68). EPS, excluding amortization on intangibles, increased to 2.48 SEK (2.06) or 20 percent. Summary of Consolidated Income Statement January - June Full year MSEK 2002 2001 2001 Sales 6,850 6,564 13,635 Operating income excluding 1,245 1,046 2,193 items affecting comparability Net income for the period 730 621 1,228 For further information, please contact: Lennart Sundén, President and Chief office +46 8 658 01 75 Executive Officer Sven Hindrikes, Executive Vice office +46 8 658 02 82 President and Chief Financial Officer mobile +46 70 567 41 76 Bo Aulin, Senior Vice President, office +46 8 658 03 64 Secretary and General Counsel mobile +46 70 558 03 64 Emmett Harrison, Vice President, office +46 8 658 01 73 Investor Relations mobile +46 70 938 01 73 Lin McKinnie, Vice President, office +1 804 302 19 12 Investor Relations (US) mobile +1 917 592 7670 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/07/24/20020724BIT00150/wkr0001.doc The full report http://www.waymaker.net/bitonline/2002/07/24/20020724BIT00150/wkr0002.pdf The full report

About Us

Swedish Match develops, manufactures, and sells quality products with market-leading brands in the product segments Snus and moist snuff, Other tobacco products, and Lights. Production is located in seven 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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