Swedish Match: Interim Report January -- June 2003


STOCKHOLM, Sweden, July 23, 2003 (PRIMEZONE) -- Interim Report January - June 2003

.Sales declined by 8% and reached 6,280 MSEK (6,850)

.Sales were up 1% in local currencies

.Snuff volumes up 5%

.Operating income declined to 1,069 MSEK (1,245) or by 14%

.Currency translation impact reduced operating income by 130 MSEK, or 10%

.EPS increased by 21% and was 2.52 SEK (2.09)

.Total shares outstanding as of June 30, 2003 was 331.2 million (348.3)



 For further information, please contact:
 Lennart Sunden, President and Chief Executive Officer                    office   +46 8 658 01 75
 Sven Hindrikes, Executive Vice President and Chief Financial Officer     office   +46 8 658 02 82
                                                                          mobile   +46 70 567 41 76
 Bo Aulin, Senior Vice President, Secretary and General Counsel           office   +46 8 658 03 64
                                                                          mobile   +46 70 558 03 64
 Emmett Harrison, Vice President, Investor Relations                      office   +46 8 658 01 73
                                                                          mobile   +46 70 938 01 73
 Lin McKinnie, Vice President, Investor Relations (US)                    office   +1 804 302 1912
                                                                          mobile   +1 804 502 1912

------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/07/23/20030723BIT00240/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/07/23/20030723BIT00240/wkr0002.pdf The full report


-0-