Another update from STG is that the integration of Royal Agio Cigars is running ahead of schedule and that it is now expected to deliver about DKK 100 million in synergies for the year and about DKK 250 million run-rate by the end of 2022.
Here are some highlights from STG’s Q1:
- Net sales were DKK 1,883 million (DKK 1,756 million) with 12.5 percent organic growth.
- EBITDA before special items was DKK 527 million (DKK 326 million) with 49.1 percent organic growth. The EBITDA margin was 28.0 percent (18.5 percent).
- Adjusted Earnings Per Share (EPS) were DKK 3.4 (DKK 1.6).
- Free cash flow before acquisitions was DKK 89 million (DKK 122 million).
- Return on Invested Capital was 10.7 percent (7.5 percent).
- The integration of Agio Cigars is ahead of plan. Expected cost savings revised up.
For all the latest news from Scandinavian Tobacco Group, visit st-group.com.
