Swedish Match 2007 - 3rd Quarter Results..

October 25, 2007 -  3rd Quarter Results - The world's second-largest maker of snuff and chewing tobacco, saidthird- quarter profit declined 22% after Sweden's decision to double taxes on snuff led to a drop in consumption. Regarding Moist Snuff/SNUS: Sweden is the world’s largest snuff market measured by per capita consumption. Swedish Match AB, the world's second-largest maker of snuff and chewing tobacco. The US is the world’s largest snuff market measured in number of cans and is approximately five times larger than the Swedish market. In the US, Swedish Match is well positioned as number three on the market. Some of the best known brands include General, Ettan, and Grov in Sweden, Timber Wolf and Longhorn in the US and Taxi in South Africa. In Scandinavia, shipment volume in cans, during the third quarter were down less than 1 percent compared to the same period previous year. In the US, overall shipment volumes in cans during the third quarter were up by 34% compared to the same period previous year. Volumes for Longhorn and Timber Wolf combined were up by 28 percent. Shipment volumes for the launch of Red Man moist snuff (September 2007)contributed to the overall volume increase. The Red Man launch was supported by extensive marketing efforts. Red Man Premium Moist Snuff - see related news briefs August 8, 2007and July 30, 2007. ( Swedish Match: Interim Report January - September 2007, Business Wire, Yahoo Finance)