Scandinavian Tobacco Group A/S reports strong Q1 results and raises full year guidance Scandinavian Tobacco Group A/S reports strong Q1 results and raises full year guidance
For the first quarter of 2021, Scandinavian Tobacco Group delivered a stronger than expected organic growth in net sales and EBITDA. The results were driven by a continued high demand in handmade cigars in the US, synergies from the integration of Agio Cigars and the transformational programme Fuelling the Growth. Additionally, the results were positively impacted by timing of orders between quarters.
Q1 Highlights
Net sales were DKK 1,883 million (DKK 1,756 million) with 12.5% organic growth.
About Scandinavian Tobacco Group Scandinavian Tobacco Group A/S is a world leading manufacturer of cigars and pipe tobacco with an annual production of four billion cigars and 5,000 tonnes of pipe and fine-cut tobacco.
The Group holds market-leading positions in several categories and has a portfolio of more than 200 global and local brands.
Scandinavian Tobacco Group has its headquarter in Copenhagen, Denmark – and employs approximately 11,000 people in Europe, the US, Canada, Australia, New Zealand, the Dominican Republic, Honduras, Nicaragua, Indonesia and Sri Lanka. For more information please visit www.st-group.com
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Scandinavian Tobacco Group A/S: Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Scandinavian Tobacco Group A/S: Annual Report 2020
Scandinavian Tobacco Group A/S: Annual Report 2020
Full year 2020 organic EBITDA growth of 14.0% and free cash flow before acquisitions of DKK 1.4 billion. 2021 organic EBITDA growth expected at >7%.
For the full year 2020, Scandinavian Tobacco Group A/S delivered net sales of DKK 8,006 million and EBITDA before special items of DKK 1,826 million. This corresponds to 6.6% organic growth in net sales and 14.0% organic growth in EBITDA - and is in line with the financial guidance given 18 December 2020 of >13% organic EBITDA growth. Free cash flow before acquisitions of DKK 1,394 million was higher than expected due to timing of payables. The Board of Directors proposes an ordinary dividend of DKK 6.50 per share for 2020, an increase of 6.6% compared to the ordinary dividend for 2019. This will be supplemented by a share buy-back program of up to DKK 600 million in 2021.