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.