Brief: Scandinavian Tobacco Group Says For Q2 2022, Delivered Net Sales Of Dkk 2,278 Mln

Scandinavian Tobacco A/S

21/08/2022 22:25

Aug 21 (Reuters) - Scandinavian Tobacco Group A/S
 STOGR.CO :
    * REPORTS KEY FINANCIAL DATA FOR THE SECOND QUARTER 2022 AND
REVISES FULL-YEAR GUIDANCE
    * FOR Q2 2022, DELIVERED NET SALES OF DKK 2,278 MILLION AND
EBITDA
BEFORE SPECIAL ITEMS OF DKK 544 MILLION
    * GUIDANCE FOR ORGANIC EBITDA GROWTH IN 2022 IS REVISED TO
RANGE
OF -4% TO 0% (FROM 0% TO 6%)
    * LEVEL OF PRODUCTION BACKLOG IS NOT BEING REDUCED AS
PLANNED AND
WAS ALMOST DKK 150 MILLION BY END OF JULY
    * EXPECT TO SEE IMPROVEMENTS DURING SECOND HALF OF YEAR, BUT
DELAY
WILL IMPACT FULL-YEAR COSTS NEGATIVELY
    * 2022 HANDMADE CIGAR VOLUMES ARE EXPECTED TO DECLINE BY
MORE THAN
ITS LONG-TERM TREND OF ABOUT -2% LEADING TO REDUCED SALES
OUTLOOK

Source text for Eikon:  ID:nGNE9D67NS 
Further company coverage:  STOGR.CO 

 ((Reuters.Briefs@thomsonreuters.com;))