Scandinavian Tobacco Group A/S: Interim Report 1 January-30 September 2017
November 08 2017 - 2:00AM
Company
Announcement
No. 25/2017
8 November 2017 |
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9M |
1 january-30 SEPTEMBER 2017 |
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Financial performance on
track to meet full year guidance
- cash distribution of DKK 350 million to
shareholders
Highlights FOR THE THIRD QUARTER OF 2017
-
Reported net sales of DKK 1,721 million (DKK
1,740 million) - organic growth positive at 1.9%
-
Reported EBITDA of DKK 388 million (DKK 328
million) - organic growth negative at 0.8%
-
Net profit of DKK 224 million (DKK 152
million)
-
Free cash flow of DKK 342 million (DKK 627
million)
Highlights FOR THE NINE MONTHS TO
30 SEPTEMBER 2017
-
Reported net sales of DKK 4,773 million (DKK
4,938 million) - organic growth negative at 2.6%
-
Reported EBITDA of DKK 904 million (DKK 960
million) - organic growth negative at 7.5%
-
Net profit of DKK 465 million (DKK 498
million)
-
Free cash flow of DKK 640 million (DKK 792
million)
distribution to
shareholders
The board of directors has decided to distribute DKK 350 million to
shareholders (DKK 3.5 per share) as an extraordinary dividend in
November with the purpose of adjusting the capital structure.
Financial Guidance 2017
FY 2017 guidance unchanged: STG expects slightly
negative organic net sales growth and negative organic growth in
adjusted EBITDA of 4-8%.
STATEMENT BY CEO NIELS
FREDERIKSEN:
"I am pleased to see the steady
progress in the quarter where we continued to focus on getting
Cigars International back on track and on executing our strategy
for the branded handmade and machine-made cigars businesses. Our
branded handmade business had yet another good quarter and our
machine-made cigars delivered a solid performance with full focus
on improving the distribution and visibility of the reduced
portfolio combined with new launches in several markets.
As part of the strategy for growing our handmade
business, I am happy to announce the planned opening in 2018 of two
retail stores in Texas, US. These retail stores will complement our
online business and provide consumers with both a great shopping
and smoking experience.
We continue to deliver a strong cash flow. In
order to adjust our capital structure we are now distributing
another DKK 350 million on top of the ordinary dividend distributed
end of April, bringing the total cash distribution in 2017 to DKK
900 million."
For media
enquiries:
Jan Fledelius
Interim Head of Group Communications
+45 39 55 62 00 or jan.fledelius@st-group.com |
For investor
enquiries:
Torben Sand
Head of Investor Relations
+45 7220 7126 or torben.sand@st-group.com |
Q3 2017 Interim Report 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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