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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Scandinavian Tobacco Group A/S    STG   DK0060696300

SCANDINAVIAN TOBACCO GROUP A/S

(STG)
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Scandinavian Tobacco Group A/S raises its full year guidance

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08/14/2020 | 02:52am EDT

 Scandinavian Tobacco Group A/S raises its full year guidance The negative impact of the COVID-19 pandemic on Scandinavian Tobacco Group’s business have been less profound than anticipated earlier in the year as tobacco consumption across markets and categories has displayed significant resilience.

The current change in consumer behaviour in the US as more people work from home has resulted in an likely overall increased consumption of handmade cigars and a strong growth in the online business. Combined with a stronger than anticipated resilience in sales volumes of machine-made cigars and smoking tobacco - and a continued strong internal cost focus -  Scandinavian Tobacco Group can for the first six months of 2020 present 4.9% organic growth in net sales, 21% organic growth in EBITDA and a free cash flow before acquisitions of DKK 547 million. The financial performance remain positively impacted by phasing in certain markets. This will affect the results in the second half of the year. While visibility around the financial outlook remains lower than normal it is expected that the change in consumer behavior in the US will continue for the rest of the year. Based on the year-to-date numbers including a strong performance in the month of July, a successful initial integration of Agio Cigars and assuming no material disruptions to our supply-chain, the Group’s full-year guidance is revised as follows: •                     EBITDA: Organic growth >9% (previously: >2%) •                     Free cash flow before acquisitions: >DKK 1000 million (previously: ~DKK 850 million) Scandinavian Tobacco Groups results for the second quarter will be announced on 28 August 2020. For further information, please contact: Investors: Torben Sand, Head of Investor Relations, phone: +45 5084 7222 or torben.sand@st-group.com Media: Simon Mehl Augustesen, Director of Group Communications, phone: +1 484-379-8725 or simon.augustesen@st-group.com Company Announcement

17/2020

 


                                                                  Copenhagen 14 August 2020

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Financials
Sales 2020 7 864 M 1 252 M 1 252 M
Net income 2020 710 M 113 M 113 M
Net Debt 2020 3 180 M 506 M 506 M
P/E ratio 2020 12,7x
Yield 2020 6,91%
Capitalization 9 047 M 1 443 M 1 440 M
EV / Sales 2020 1,55x
EV / Sales 2021 1,53x
Nbr of Employees 6 900
Free-Float 88,1%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 4
Average target price 120,25 DKK
Last Close Price 91,45 DKK
Spread / Highest target 42,2%
Spread / Average Target 31,5%
Spread / Lowest Target 9,35%
EPS Revisions
Managers
NameTitle
Niels Frederiksen Chief Executive Officer
Nigel Hargreaves Northridge Chairman
Marianne Rørslev Bock Chief Financial Officer & Executive Vice President
Lindy Larsen Director
Hanne Malling Director
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