STG has adjusted its full0year expectations for 2020 to the following:
- EBITDA: Organic growth >13% (previously: >9%)
- Free cash flow before acquisitions: >DKK 1,250 million (previously: >DKK 1,000 million)
STG anticipates the changes seen in consumer behavior and shopping habits, as well as the increase in demand for handmade cigars brought on by the pandemic to continue into 2021. Scandinavian Tobacco Groups’ Annual Report for 2020 is expected to be released on March 10, 2021.
For all the latest news from Scandinavian Tobacco Group, visit st-group.com.
