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SCANDINAVIAN TOBACCO GROUP A/S (0RES.IL)

IOB - IOB Delayed price. Currency in DKK
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139.70+10.20 (+7.88%)
At close: 5:30PM BST
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Previous close129.50
Open139.52
Bid0.00 x 0
Ask0.00 x 0
Day's range138.49 - 139.52
52-week range78.75 - 139.52
Volume1,798
Avg. volume5,042
Market capN/A
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Globe Newswire

    Scandinavian Tobacco Group A/S reports strong Q1 results and raises full year guidance

    Company Announcement No. 23/2021 Copenhagen, 5 May 2021 Interim report, 1 January - 31 March 2021 Scandinavian Tobacco Group A/S reports strong Q1 results and raises full year guidance For the first quarter of 2021, Scandinavian Tobacco Group delivered a stronger than expected organic growth in net sales and EBITDA. The results were driven by a continued high demand in handmade cigars in the US, synergies from the integration of Agio Cigars and the transformational programme Fuelling the Growth. Additionally, the results were positively impacted by timing of orders between quarters. Q1 Highlights Net sales were DKK 1,883 million (DKK 1,756 million) with 12.5% organic growth.EBITDA before special items was DKK 527 million (DKK 326 million) with 49.1% organic growth. The EBITDA margin was 28.0% (18.5%). Adjusted Earnings Per Share (EPS) were DKK 3.4 (DKK 1.6). Free cash flow before acquisitions was DKK 89 million (DKK 122 million). Return on Invested Capital was 10.7% (7.5%).The integration of Agio Cigars is ahead of plan. Expected cost savings revised up. Demand and consumer behaviour remain positively impacted by the COVID-19 pandemic with high consumption of handmade cigars and smoking tobacco products in the US. The integration of Agio Cigars is running ahead of schedule and is now expected to deliver about DKK 100 million in synergies for the year and about DKK 250 million run-rate by the end of 2022. The combined market shares for machine-rolled cigars in key European markets continue to develop satisfactorily. The COVID-19 pandemic is creating significant uncertainty for Scandinavian Tobacco Group in the second half of the year. Consumption of handmade cigars and purchasing patterns between online and brick & mortar retail stores in the US cannot be forecasted with the normal level of accuracy. Both are factors with significant impact on the Group’s performance. Consequently, a range is introduced for the expected organic EBITDA performance as well as the cash flow before acquisitions. The financial outlook for 2021 has been revised: EBITDA: Organic growth in the range of 12%-18% (>7%) Free cash flow before acquisitions: In the range of DKK 1.0-1.3 billion (>DKK 1.0 billion)Adjusted Earnings Per Share >25% increase (>10% increase) CEO Niels Frederiksen: “Despite the continued challenges and uncertainty created by the COVID-19 pandemic, our business continues to do well. For the first quarter of the year we can present strong growth in both net sales and EBITDA. I am particularly pleased to see that numerous initiatives across the organization are resulting in strong net sales, growing market shares as well as increased operational performance and efficiency.” For further information, please contact:Investors: Torben Sand, Head of IR, 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 A conference call will be held on 6 May 2021 at 10.00 CEST. Dial-in information and an accompanying presentation will be available at investor.st-group.com around 09:00 CEST. Attachment Interim report Q1 2021

  • Globe Newswire

    Scandinavian Tobacco Group A/S: Transactions in connection with share buy-back programme

    Company Announcement No. 22/2021 Copenhagen, 3 May 2021 Transactions in connection with share buy-back programme On 10 March 2021, Scandinavian Tobacco Group A/S (“STG”) announced that a share buy-back programme of an aggregated price of up to DKK 600 million was launched with the purpose to adjust the Company’s capital structure and meet obligations relating to the Group’s share-based incentive programme. The buy-back programme is executed in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. The share buy-back programme will end no later than 28 February 2022. The following transactions have been executed from 26 April to 29 April 2021: Number of sharesAverage purchase price, DKKTransaction value, DKKAccumulated, last announcement703,657 85,898,94026 April 202130,993116.323,605,19927 April 202126,720115.713,091,80328 April 202120,000115.172,303,34429 April 202120,459113.192,315,668Accumulated under the program801,829 97,214,954 A detailed overview of transactions during the period 26 April – 29 April 2021 is attached to this announcement. Following the above transactions STG owns a total of 4,036,077 treasury shares, corresponding to 4.04% of the total share capital. 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 Attachments Company Announcement no 22 2021 29 APR 2021 PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP

  • Globe Newswire

    Scandinavian Tobacco Group A/S - Results of the Annual General Meeting

    Company AnnouncementNo. 19/2021 Copenhagen, 14 April 2021 Results of the Annual General Meeting of Scandinavian Tobacco Group A/S Scandinavian Tobacco Group A/S (the "Company") held its annual general meeting today. The outcome of the general meeting was as follows: 1. Adoption of the audited annual report The audited annual report was adopted by the general meeting. 2. Appropriation of profit as recorded in the adopted annual report The general meeting approved the Board of Directors’ proposal that for the financial year 2020 the Company pays a dividend of DKK 6.50 per share of DKK 1. 3. Presentation of the Company’s remuneration report for an advisory vote The remuneration report was approved by the general meeting. 4. Adoption of the remuneration of the Board of Directors and Board committees The general meeting approved the Board of Directors’ proposal for compensation to the Board of Directors for the financial year 2021 as follows: Ordinary members of the Board of Directors are paid a base annual fee of DKK 440,000The chairman receives three times the base annual feeThe vice-chairman receives two times the base annual feeThe chairman of the Audit Committee receives a fee corresponding to 75 percent of the base annual feeOther members of the Audit Committee receive a fee corresponding to 37.5 percent of the base annual feeThe chairman of each of the Remuneration Committee and Nomination Committee receives a fee corresponding to 25 percent of the base annual feeThe members of each of the Remuneration Committee and Nomination Committee receive a fee corresponding to 12.5 percent of the base annual fee The fees for the chairmen and members of the committees are in addition to their fee as chairman, vice-chairman or member of the Board of Directors. In addition to the above, the Company may, in accordance with the Company’s remuneration policy, also pay social contributions and similar fees that it may be charged by foreign authorities in relation to the fees paid to members of the Board of Directors. Further, the Company may pay travel expenses and other expenses related to the work as a member of the Board of Directors. 5. Reduction of the Company’s share capital The general meeting approved the Board of Directors’ proposal that the Company’s share capital is reduced by cancelling some of the Company’s treasury shares of a nominal value of DKK 2,500,000. After the reduction, the nominal value of the Company’s share capital will be DKK 97,500,000. Prior to the implementation of the capital reduction, the Company’s creditors will be requested to file any claims they may have against the Company within a period of 4 weeks. The request will be published via the Danish Business Authority’s IT system. The capital reduction will be implemented after expiry of the said 4-week deadline. Once the capital reduction has been completed, Articles 3.1, 5.1 and 6.1 of the Company’s Articles of Association will be amended to reflect the resolution to reduce the share capital. The Company will publish an announcement once the reduction of the share capital has been completed. 6. Authorisation to the Board of Directors to resolve that the Company’s general meetings shall be held as completely electronic general meetings The general meeting approved the Board of Directors’ proposal that the Company’s Board of Directors is authorised to resolve that the Company’s general meetings shall be held electronically without access to any physical attendance, i.e. as completely electronic general meetings in accordance with section 77(2) of the Danish Companies Act. Consequently, a new Article 7.4 is included in the Company’s Articles of Association. 7. Language of company announcements etc. The general meeting approved the Board of Directors’ proposal that information disclosed pursuant to applicable securities legislation, including company announcements, shall be in English only going forward. Consequently, a new Article 11.7 is included in the Company’s Articles of Association. Accordingly, this will be the last company announcement that is available in both Danish and English. Going forward, company announcements will only be in English. 8. Election of members to the Board of Directors The general meeting re-elected Nigel Northridge, Henrik Brandt, Dianne Blixt, Marlene Forsell, Claus Gregersen, Luc Missorten and Anders Obel and elected Henrik Amsinck as members of the Board of Directors. 9. Election of auditor(s) PricewaterhouseCoopers Statsautoriseret Revisionspartnerskab was re-elected as auditor of the Company. -- The Board of Directors has appointed Nigel Northridge as chairman of the Board of Directors and Henrik Brandt as vice-chairman. Members of the Audit Committee are Marlene Forsell (chairman), Dianne Blixt and Luc Missorten. Members of the Nomination Committee as well as the Remuneration Committee are Nigel Northridge (chairman), Henrik Brandt, Claus Gregersen and Luc Missorten. For further information, please contact: For investor enquiries:Torben Sand, Head of Investor Relationsphone: +45 5084 7222 or torben.sand@st-group.com For media enquiries:Simon Mehl Augustesen, Director of Group Communicationsphone: +1 484-379-8725 or simon.augustesen@st-group.com About Scandinavian Tobacco Group Scandinavian Tobacco Group A/S is a world leading manufacturer of cigars and pipe tobacco with an annual production of four billion cigars and 5,000 tonnes of pipe and fine-cut tobacco. The Group holds market-leading positions in several categories and has a portfolio of more than 200 global and local brands. Scandinavian Tobacco Group has its headquarter in Copenhagen, Denmark – and employs approximately 11,000 people in Europe, the US, Canada, Australia, New Zealand, the Dominican Republic, Honduras, Nicaragua, Indonesia and Sri Lanka. For more information please visit www.st-group.com Attachment Scandinavian Tobacco Group - Results of the AGM 2021, 14.4.2021