Scandinavian Tobacco Group A/S: Interim report for the

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Scandinavian Tobacco Group A/S: Interim report for the period 1 January - 30 June 2016
Company Announcement No.40/2016 31 AUGUST 2016
   
H1   1 january-30 june 2016
   
   

Stable half year performance impacted by new regulations

HIGHLIGHTS FOR 1 JANUARY-30 JUNE 2016

  • Reported net sales of DKK 3,199 million (DKK 3,225 million) - organic growth was 0.1%
  • Reported EBITDA of DKK 632 million (DKK 634 million) - organic growth was 0.1%
  • Net profit of DKK 346 million (DKK 354 million)
  • Cash flow from operating activities was DKK 304 million (DKK 429 million)
  • Cost optimisation and efficiency programme progressing in accordance with plans
  • Guidance for 2016 unchanged: Organic growth in net sales of 1-3% and organic growth in EBITDA of 3-5%. Total capital expenditures around DKK 250 million

Highlights for the second quarter of 2016

  • Reported net sales of DKK 1,699 million (DKK 1,748 million) - organic growth was -1.5%
  • Reported EBITDA of DKK 366 million (DKK 373 million) - organic growth was -2.7%
  • Net profit of DKK 208 million (DKK 206 million)
  • Cash flow from operating activities was DKK 452 million (DKK 408 million)

Statement by CEO Niels Frederiksen: "First half of 2016 showed stable overall performance. Our handmade cigar business in the US continued to deliver strong growth based on market share gains. In machine-made cigars our performance was impacted by short-term fluctuations from new legislation in the EU. We continue to deliver on our cost optimisation and efficiency programme, where we see a positive impact on the margin in our machine-made cigar business.

Our second quarter, in particular, was impacted by EU's Tobacco Products Directive. The late adoption of the directive into national legislation has created short-term fluctuations in the markets and in our production. Noise in the markets is foreseen to continue in the third quarter, but net sales for the second half year are expected to show improved growth rates driven by price increases and a normalisation of the current fluctuations and stock movements in TPD related markets."

For media enquiries: Kaspar Bach Habersaat Director of Group Communications +45 7220 7152 or kaspar.bach@st-group.com For investor enquiries: Torben Sand Head of Investor Relations +45 7220 7126 or torben.sand@st-group.com
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Positron AI's Strategic Moves Garner Top Recognition

Updated Category News Views 35

Breaking Barriers in AI Hardware When a tech firm starts making waves in the AI sphere, ears perk up. Positron AI, with its focus on making AI inference not only feasible but profitable and scalable, finds itself freshly minted on the esteemed 2026 AI 100 list. This isn’t just a little pat on the back; it's a nod from the industry's watchful gaze. Momentum Backed by...

Continue Reading
Eli Radiopharma Clinches Big Series A, Eyes Milestones

Updated Category News Views 142

Making Waves in Radiopharmaceuticals Some days, it's not just about the numbers—it’s about the shift in an entire field. Eli Radiopharma just closed a grand RMB 400 million Series A financing, paving a path that could redefine radiopharmaceuticals. Kinfolk over at Huagai Capital led the charge, teaming up with Bayland Capital and a throng of other backers. They’re...

Continue Reading
United Community Rises in Top Banks, Celebrates 10-Year Streak

Updated Category News Views 50

Celebrating a Decade of Employee Satisfaction Nailing that balance between growth and nurturing a quality workplace—now that's a hard row to hoe for many giants. Yet, United Community has strutted down this path for ten years straight, landing them again on American Banker's 'Best Banks to Work For' list. That kind of consistency screams commitment, don't it? But what's...

Continue Reading
JA's Role in South Africa's 120MW Sediba Solar Project

Updated Category News Views 86

A Bold Step in Renewable Energy Talk about taking a leap. JA has landed a sweet deal as the exclusive solar module supplier for Teraco's 120MW Sediba solar project. That's not a small fry, especially not in Parys, South Africa, where the weather doesn't exactly play nice. Engineering Around Tough Conditions Now, before you think it's all sunshine and rainbows in South...

Continue Reading
ICEYE's Role in Poland's Space Resilience Revamp

Updated Category News Views 120

Improving Poland's Emergency Response These days, storms, fires, and floods seem relentless, each disaster knocking harder on the doors of communities worldwide. But Poland's upping the ante, thanks to ICEYE teaming up with Civil Security Hub Poland (CS Hub PL). In an era where data is every bit as crucial as the fire trucks, this partnership is like the cavalry for...

Continue Reading
Clean Tech's Dual Role: Energy Resilience and Dependency

Updated Category News Views 102

Technology's Double-Edged Sword in Energy You ever chat with someone about moving your whole life onto solar? Seems greener and cheaper, right? But dive into the numbers, and you'll see it comes with its own set of strings attached. According to a fresh-off-the-press report from S&P Global, clean tech is both a saving grace and a looming liability economically and...

Continue Reading
Drowsy Driving Forum Spurs United Call for Safety Action

Updated Category News Views 40

A Fresh Coalition Against a Familiar Foe On a brisk late October day, the National Sleep Foundation (NSF) pulled together a motley crew of road safety veterans, vehicle makers, crash sniffers, and sleep legends at the National Press Club. This wasn't just another talkfest. With an estimated 61% of U.S. adults reportedly driving while half-asleep, something finally shook...

Continue Reading
Deadline Nears for Everest Group Class Action Plaintiffs

Updated Category News Views 50

Everest Group Faces Heavy Litigation Alright, folks, grab your mugs of caffeine and let's dive right into the mess Everest Group, Ltd. has found itself in. The clock is ticking for investors who've taken a punch in the gut between February 8, 2024, and October 27, 2025, courtesy of NYSE: EG. Lawyers are on the chase, and come December 28, 2026, the window to spearhead a...

Continue Reading
IOS Chicks to Shine on 'All Access' with Andy Garcia

Updated Category News Views 61

How Industrial Outdoor Storage Shapes Our World You drive by them every day, those sprawling lots of trucks and containers—you might not even give them a second glance. But they're the backbone of commerce, the unsung heroes ensuring everything runs like clockwork. IOS Chicks, a trailblazing all-women commercial real estate team, is slated to unravel this world on 'All...

Continue Reading
BrightView's Tumbling Shares Prompt Investor Inquiry

Updated Category News Views 32

BrightView's Financial Quagmire: Investor Alarm Bells Ring Just when you thought it couldn't get any rockier for BrightView Holdings (NYSE: BV), here comes another gut punch. Their Development Services segment—once a promising player—felt like it dropped off a cliff, tumbling by almost 18%. If you were counting on those revenues to keep things afloat, well, it seems...

Continue Reading

Top 5 Most Recently Viewed Articles

Rubis Challenges French Competition Authority's Penalties

Updated Category News Views 209

Rubis Responds to Competition Authority's Decision Rubis has taken note of a significant ruling from the French Competition Authority, which has announced sanctions against various players involved in the fuel supply chain in Corsica. This ruling, which has drawn considerable attention, comes as a response to alleged anti-competitive behaviors reported between 2016 and...

Continue Reading
Germany Considers New Law to Safeguard Domestic Bank Interests

Updated Category News Views 181

Germany Explores Legislation to Protect Domestic Banking Sector Germany is on the brink of introducing new regulations aimed at shielding its domestic banking sector from foreign acquisitions. This decision emerges amidst growing tensions related to foreign investment in local institutions, particularly in light of recent developments involving Italy's UniCredit and...

Continue Reading
Understanding the Surge in Global Bond Yields and Its Impact

Updated Category News Views 408

The Surge in Global Bond Yields: An Overview In recent weeks, a significant increase in government-bond yields across developed nations has become a topic of discussion, causing ripples in the stock market and intensifying challenges for heavily indebted nations. Impact on Central Banks and Borrowing Costs The current bond market turmoil might pose challenges for central...

Continue Reading
Biodexa Pharmaceuticals Secures Nasdaq Listing Compliance Extension

Updated Category News Views 89

Biodexa Pharmaceuticals Achieves Nasdaq Listing Milestone Biodexa Pharmaceuticals PLC (NASDAQ: BDRX), an innovative clinical stage biopharmaceutical company, recently celebrated a significant milestone in its journey as it announced a successful appeal to the Nasdaq Hearings Panel. This achievement allows the company additional time to demonstrate compliance with Nasdaq's...

Continue Reading
Rathbones Group Discovers New Opportunities with Idox Plc

Updated Category News Views 111

Understanding the Public Opening Position Disclosure In the realm of finance and corporate governance, transparency is key. The Public Opening Position Disclosure serves a critical function in ensuring that all significant shareholding interests are made known to the relevant authorities and the public. It enhances trust and accountability among stakeholders and is...

Continue Reading