Scandinavian Tobacco Group A/S: Interim Report 1 January - 30 June 2017


Company Announcement

24 AUGUST 2017


Interim Report

1 january-30 JUNE 2017


Financial performance in line with expectations - FY guidance maintained


Highlights for THE SIX MONTHS TO 30 JUNE 2017




Highlights for THE SECOND QUARTER OF 2017




Financial Guidance 2017


FY 2017 guidance of slightly negative organic net sales growth and negative organic growth in adjusted EBITDA of 4-8% unchanged.



"Our overall financial performance in the second quarter was in line with our expectations. We are seeing an improved trajectory for machine-made cigars in Europe supported by more stable market dynamics. Our branded handmade cigars business is performing well, but the category remains impacted by the challenges in Cigars International. We are making steady but slow progress in our efforts to remedy the situation. Our cash generation remains strong, and we delivered a free cash flow of DKK 251 million in the quarter."


For media enquiries:
Kaspar Bach Habersaat
Director of Group Communications
+45 7220 7152 or
For investor enquiries:
Torben Sand
Head of Investor Relations
+45 7220 7126 or


Q2 2017 Interim Report FINAL uk

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Scandinavian Tobacco Group A/S via Globenewswire


Q2 2017 Interim Report FINAL uk