From GlobeNewswire.: 2025-05-20 04:05:00

Scandinavian Tobacco Group A/S reported a 1.3% increase in net sales for the first quarter of 2025, reaching DKK 2.0 billion. However, organic net sales growth was negative at -8.8%. EBITDA before special items decreased by 5.3% to DKK 317 million, with an EBITDA margin of 16.1%. Adjusted EPS stood at DKK 1.5. The company attributes the sales growth to the acquisition of Mac Baren and strong growth in the XQS nicotine pouch brand, but also notes challenges in the US handmade cigar market and supply issues related to SAP implementation in European factories.

In response to changes in U.S. trade policy and a weaker dollar exchange rate, Scandinavian Tobacco Group is adjusting its full-year 2025 financial expectations. The company now expects reported net sales for 2025 to be in the range of DKK 9.1–9.5 billion, down from the previous range of DKK 9.2–9.7 billion. The EBITDA margin is projected to be impacted by tariff-related price increases, leading to a revised range of 18-22%. Adjusted EPS has been revised downward to DKK 10-13 per share. CEO Niels Frederiksen emphasized the company’s focus on protecting market shares and cash flow in the face of increased uncertainty.



Read more at GlobeNewswire.: Scandinavian Tobacco Group A/S Reports First Quarter 2025