Scandinavian Tobacco Group A/S: Interim Report 1 January - 30 June 2017
24 August 2017 - 4:00PM
Company Announcement
No.23/2017 |
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
-
Reported net sales of DKK 3,052 million (DKK
3,199 million) - organic growth negative at 5.0%
-
Reported EBITDA of DKK 515 million (DKK 632
million) - organic growth negative at 11.8%
-
Net profit of DKK 241 million (DKK 346
million)
-
Free cash flow of DKK 299 million (DKK 165
million)
Highlights for THE SECOND QUARTER
OF 2017
-
Reported net sales of DKK 1,673 million (DKK
1,699 million) - organic growth negative at 1.1%
-
Reported EBITDA of DKK 315 million (DKK 366
million) - organic growth negative at 3.8%
-
Net profit of DKK 166 million (DKK 208
million)
-
Free cash flow of DKK 251 million (DKK 369
million)
Financial Guidance 2017
FY 2017 guidance of slightly negative organic net
sales growth and negative organic growth in adjusted EBITDA of 4-8%
unchanged.
STATEMENT BY CEO NIELS
FREDERIKSEN:
"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 kaspar.bach@st-group.com |
For investor
enquiries:
Torben Sand
Head of Investor Relations
+45 7220 7126 or torben.sand@st-group.com |
Q2 2017 Interim Report FINAL
uk
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
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
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