Brief: Scandinavian Tobacco Reports Qtrly Earnings Per Share Of DKK 0.2

Scandinavian Tobacco A/S

19/05/2020 19:32

May 19 (Reuters) - Scandinavian Tobacco Group A/S
 STOGR.CO :
    * REG-SCANDINAVIAN TOBACCO GROUP A/S REPORTS ON FIRST
QUARTER 2020
AND PRESENTS NEW GUIDANCE FOR FULL YEAR 2020
    * QTRLY NET SALES OF DKK 1,791 MILLION (DKK 1,464 MILLION)
    * QTRLY EARNINGS PER SHARE (EPS) OF DKK 0.2 (DKK 0.9)
    * QTRLY EBITDA BEFORE SPECIAL ITEMS OF DKK 326 MILLION (DKK
239
MILLION).
    * SUSPENDED GUIDANCE FOR FULL YEAR DUE TO LOW VISIBILITY
FOLLOWING
OUTBREAK OF COVID-19
    * CO EXPECT A NEGATIVE IMPACT FROM COVID-19 CRISIS ON
BUSINESS IN
2020
    * QTRLY ADJUSTED EPS DKK 1.4 (DKK 1.1)
    * SEES A NON-CASH IMPAIRMENT CHARGE OF DKK 109 MILLION FOR
2020
    * SCANDINAVIAN TOBACCO GROUP - EXPECT A CONTRIBUTION FROM
COST
SAVINGS IN RELATION TO INTEGRATION OF AGIO CIGARS OF ABOUT DKK
70-80 MILLION IN 2020

Source text for Eikon:  ID:nGNE7rfkbz 
Further company coverage:  STOGR.CO 

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