Month: August 2021

Company Announcement No. 42/2021                                                                                                           Copenhagen, 19 August 2021 Interim report, 1 January – 30 June 2021 Scandinavian Tobacco Group A/S reports strong Q2 results and raises full year guidance  In the second quarter of 2021, Scandinavian Tobacco Group delivered a strong organic growth in net sales and EBITDA. The results were primarily driven by a continued high demand in handmade cigars in the US, a favourable market mix and synergies from the integration of Agio Cigars. The second quarter of last year was negatively impacted by the early phases of the COVID-19 pandemic making comparisons relatively easy. Q2 HighlightsNet sales were DKK 2,156 million (DKK 2,097 million) with 7.5% organic growth. EBITDA before special items was...

Highlights of Q2 resultsStrong operational results in Q2 and overall good volume benefitting from increased economic activities in main liner business areas, conditions in global transportation markets and focus on business origination.Good balance and utilization in container liner system. Substantial volume growth in Trans-Atlantic services.Good performance in International forwarding operation where 3rd party expenses, from which Eimskip purchases services on behalf of its customers, increase substantially due to disruption in global transportation markets resulting in corresponding increase in sales revenue.   Settlement made with the Icelandic Competition Authority in the competition case concerning the period 2008-2013. The settlement amount of EUR 10.2 million expensed in the quarter.Figures below are adjusted for the settlement...