Scandinavian Tobacco Group Closing its Tucker, Georgia Facility


The announcement has no impact on Scandinavian Tobacco Group’s financial guidance for 2019, except for special items. Special costs related to the closure will be expensed in 2019 and the group’s special costs–excluding the costs related to the acquisition of Royal Agio Cigars [read more here]–are now expected to be about DKK 205 million in 2019, up from the previous amount of DKK 85 million. Possible proceeds from the sale of the land and buildings have not yet been included in the company’s figures.

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