STG Reports Better Than Expected Q1 Earnings, Raises Guidance Scandinavian Tobacco Group A/S (STG) says the demand for handmade cigars in the U.S. remains strong, helping to fuel the company to a stronger than expected Q1 2021. It generated revenues of DKK 1.883 billion ($303.9 million), up 12.5 percent compared to 2020. Profits-wise, STG says it earned DKK 527 million ($85.1 million), a 49.1 percent increase, in EBITDA. The profit margin also increased from 18.5 percent to 28 percent. There are a number of factors for these increases including previously-instituted cost-cutting measures, an accelerated integration of Agio Cigars—which the company acquired in 2020—and the increased demand for premium cigars in the U.S. STG is the parent company of Cigars International, General Cigar Co., Thompson Cigar, Forged Cigar Co. and others.