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Day: August 21, 2022

Scandinavian Tobacco Group reports key financial data for the second quarter 2022 and revises full-year guidance

Written by Customer Service on . Posted in Public Companies.

Company Announcement No. 51/2022  Copenhagen, 21 Aug 2022 Scandinavian Tobacco Group reports key financial data for the second quarter 2022 and revises full-year guidance    For the second quarter 2022, Scandinavian Tobacco Group delivered net sales of DKK 2,278 million and EBITDA before special items of DKK 544 million. Organic net sales growth was negative by 1.8% and organic EBITDA growth was negative by 14.6%. Free cash flow before acquisitions was DKK 143 million and adjusted earnings per share were DKK 3.6. Despite comparing to an exceptionally strong growth in the past two years, the performance is disappointing and below our expectation for the quarter. The guidance for free cash flow before acquisitions is maintained at DKK 1.1-1.4 billion and the guidance for adjusted EPS is maintained at >5%. The guidance for organic EBITDA...

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