Scandinavian Tobacco Group A/S: Full Year Results in Line with Guidance. 4.5% Increase in Proposed Ordinary Dividend per Share
08 Marzo 2018 - 1:00AM
Company
Announcement
No.3/2018
|
Copenhagen, 8 March 2018
Annual Report 2017
Full Year Results in Line with Guidance. 4.5% Increase in Proposed
Ordinary Dividend per Share.
Scandinavian Tobacco Group A/S delivered organic
growth in net sales and EBITDA in accordance with our guidance
presented in May 2017. The Board of Directors proposes an ordinary
dividend of DKK 5.75 per share, an increase of 4.5% compared to
2016.
Highlights 2017:
Financial Guidance 2018
For the full year 2017 Scandinavian Tobacco Group
A/S delivered DKK 6,464 million in total net sales and an adjusted
EBITDA of DKK 1,283 million. This equals a 2.2% negative organic
growth in net sales and an organic decline of 7.4% in EBITDA. Net
profit for the year increased by 4.4% to DKK 712 million while free
cash flow was DKK 955 million (DKK 1,139 million). Organic growth
in net sales and EBITDA was delivered in accordance with the
revised guidance presented in May 2017.
CEO Niels Frederiksen says:
"2017 was a financially challenging year for
Scandinavian Tobacco Group due to the IT implementation in Cigars
International. However, our underlying business remains strong with
an adjusted EBITDA of DKK 1,283 million and with a free cash flow
close to DKK 1 billion we are able to continue our track record of
delivering attractive shareholder returns. In total, we will return
DKK 925 million to our shareholders for 2017.
Also, we have during the year strengthened our
business significantly. In the US, our single biggest market, we
are expanding our retail platforms. We announced the opening of two
large cigar retail stores in 2018 in Texas and in January 2018, we
reinforced our position in the online retail channel by signing a
deal to acquire the business of Thompson and Co. of Tampa, Inc.
Furthermore, we have in our biggest category, machine-made cigars,
regained momentum with stronger market share performance in a
number of markets through intensified strategic focus on innovation
and core brands."
The annual report for 2017 is
available for download on: investor.st-group.com.
Conference Call and
Webcast
A conference call and webcast will be held on 8
March 2018 at 10:00 AM CET.
Presentation materials will be available online
approximately one hour before the webcast on
investor.st-group.com.
Dial-in details:
Denmark: +45 35 15 80
49
The
UK: +44 (0) 330 336
9105
The US:
+1 323 794 2551
Passcode: 2301355
https://edge.media-server.com/m6/p/ttyinjwa
For further information, please contact:
For media enquiries: Simon
Mehl Augustesen, Director of Group Communications, phone: +45 7220
7152 or simon.augustesen@st-group.com
For investor enquiries:
Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or
torben.sand@st-group.com
Company Announcement 3
2018
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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