Scandinavian Tobacco Group A/S
CSE:STG

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Scandinavian Tobacco Group A/S Logo
Scandinavian Tobacco Group A/S
CSE:STG
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Price: 95.2 DKK 1.17%
Market Cap: 7.6B DKK

Scandinavian Tobacco Group A/S
Investor Relations

In the heart of Copenhagen, Scandinavian Tobacco Group A/S stands as a commanding force in the global tobacco market, cultivating a diverse portfolio that appeals to both traditional and modern connoisseurs. As a leader in the production of cigars, pipe tobacco, and fine-cut tobacco, the company has managed to sustain its historic legacy while innovatively adapting to contemporary shifts. With roots tracing back to various esteemed European tobacco houses, the group has expanded through strategic mergers and acquisitions, amassing a vast repertoire of renowned brands that include Macanudo, Captain Black, and Café Crème. These iconic names are hallmarks of quality, symbolizing the rich aroma and craftsmanship behind each meticulously crafted product. This strategic brand amalgamation empowers the firm to cater to eclectic tastes across continents, ensuring a robust presence in both matured markets and burgeoning geographies.

Navigating the evolving tides of the tobacco industry requires an astute balance of tradition and modernity. Scandinavian Tobacco Group exercises this balance with its commitment to quality and innovation through its end-to-end control over the production process. From the cultivation of fine leaves to their artistic transformation into cigars and tobaccos, every step is crafted to enhance the consumer’s experience. The company invests in dedicated research and development to enhance its products and adapt to changing regulatory and consumer landscapes. By leveraging a comprehensive distribution network, including both direct-to-consumer channels and partnerships with dominant retail chains, the group optimizes its reach and operational efficiency. It is this blend of heritage and strategic foresight that keeps Scandinavian Tobacco Group A/S thriving within the competitive landscape of global tobacco markets.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 12, 2025
AI Summary
Q3 2025

Net Sales: Reported net sales fell 3% year-on-year in Q3, though organic sales grew slightly by 0.3%.

EBITDA Margin: EBITDA margin was 22% in Q3, down from last year but improved compared to the first half of 2025.

Product Categories: Handmade cigars and nicotine pouches saw growth, while machine-rolled cigars and smoking tobacco declined.

XQS Growth: The XQS nicotine pouch brand delivered strong growth, particularly in Sweden.

Guidance Narrowed: Full-year 2025 net sales and margin guidance ranges were narrowed, targeting DKK 9.1–9.2 billion in net sales and a 19.5–20.5% EBITDA margin.

Cash Flow: Free cash flow before acquisitions is on track for more than DKK 800 million for the year.

Operational Issues: SAP implementation and supply chain issues negatively impacted market share for machine-rolled cigars in Europe.

Investments: Ongoing investments in new store openings and market share recovery are weighing on margins in the near term.

Key Financials
Net Sales
DKK 9.1–9.2 billion
Organic Net Sales Growth
0.3%
EBITDA Margin
22%
Free Cash Flow Before Acquisitions
DKK 173 million (Q3), DKK 448 million (9M)
Net Profit
DKK 227 million (Q3)
Adjusted Earnings Per Share
DKK 3.4 (Q3), DKK 8.2 (9M)
Interest-Bearing Debt
DKK 5.6 billion
Leverage Ratio
2.9x
Return on Invested Capital
8.3%
Special Costs
DKK 41 million (Q3), DKK 146 million (9M)
Europe Branded EBITDA Margin
22.9% (Q3)
North America Branded EBITDA Margin
33% (Q3)
North America Online & Retail EBITDA Margin
13.7% (Q3)
Nicotine Pouches Share of Net Sales
5%
Handmade Cigars Organic Growth
6% (Q3)
Machine-Rolled Cigars Organic Growth
-4% (Q3)
XQS Organic Net Sales Growth
75% (Q3); 45% (9M)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Niels Frederiksen
CEO, President & Member of Executive Board
No Bio Available
Ms. Marianne Rorslev Bock
Executive VP & CFO
No Bio Available
Mr. Torben Sand
Head of Investor Relations
No Bio Available
Ms. Mette Valentin
Senior Vice President of Group Legal & Public Affairs
No Bio Available
Mr. Simon Mehl Augustesen
Director of Group Communications
No Bio Available
Mr. Thomas Lindegaard
Senior Vice President of Scientific & Regulatory Affairs
No Bio Available
Mr. Lars Wassberg
Senior Vice President of Group Marketing
No Bio Available
Mr. Morten Guldager
Senior Vice President of Finance Business Partnering
No Bio Available
Mr. Jakob Berning
Senior Vice President Tax
No Bio Available
Mr. Oliver Hass
Managing Director for Germany
No Bio Available

Contacts

Address
Gentofte
Sandtoften 9
Contacts
+4539556200.0
www.st-group.com