The company does believe organic net sales growth and organic EBITDA growth to both resume in the fourth quarter of 2022. This will likely be driven by Europe Branded and North America Online & Retail. North America Branded & Rest of World is expected to deliver a declining organic net sales in comparison to the fourth quarter of 2021.
As STG focuses on improving productivity in its supply chain, it states that its assumption of an unchanged organic net sales development for the full year is being kept as is. By the end of 2022, STG anticipates organic growth in the range of negative 4 percent to 0 percent. Adjusted EPS is anticipated to increase and to be greater than 5 percent.
You can access STG’s full third quarter report by clicking here.
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Photo: Scandinavian Tobacco Group (STG)