STG has revised its full-year guidance for free cash flow, revising it up and setting it at about 1 billion from the previous >750 million. Special items are expected to be about DKK 200 million. The revised expectation includes transaction costs associated with acquiring Royal Agio Cigars for about DKK 20 million [read more here], costs for the closure of STG Lane Ltd.’s facility in Tucker, Georgia [read more here], and lower than previously anticipated costs related to the company’s Fueling the Growth program [read more here]. The guidance for organic growth in EBITDA is unchanged. For the fourth quarter of 2019, STG predicts that the development in organic net sales will remain weak.
You can view STG’s full Q3 2019 Interim Report by clicking here. For all the latest news from Scandinavian Tobacco Group, visit st-group.com.
 releases its third quarter 2019 financial report, showing a decline in net sales but gains in other areas of business.){kind=link}