Scandinavian Tobacco Group Raises Full Year 2020 Guidance

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In looking at the rest of the year, STG’s financial outlook remains lower than normal and that overall consumer behavior will continue to change for the rest of the year. Barring any further disruptions, STG has revised its full-year guidance as follows:

  • EBITDA: Organic growth >9% (previously: >2%)
  • Free cash flow before acquisitions: >DKK 1000 million (previously: ~DKK 850 million)

STG’s results for the second quarter will be announced on 28 August 2020.

For all the latest news from Scandinavian Tobacco Group, visit st-group.com.