Overview
Denmark tobacco products maker's Q1 net sales fell 6% yr/yr, impacted by exchange rates
Adjusted EPS for Q1 declined 27% yr/yr
Company maintained full-year 2026 financial guidance
Outlook
STG maintains 2026 net sales growth guidance at constant currencies of -2% to 2%
Company expects 2026 EBIT margin before special items of 13.0%-14.5%
STG sees 2026 adjusted EPS between DKK 9 and DKK 11
Result Drivers
EXCHANGE RATES - Net sales fell 6%, with a -5.2% impact from exchange rate changes
DELIVERY TIMING - Net sales at constant currencies declined 0.6%, which the company attributed to timing of deliveries
HANDMADE CIGARS GROWTH - Handmade cigars delivered organic net sales growth of 8%
Company press release: ID:nGNE6hRXfn
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
DKK 1.86 bln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the tobacco peer group is "buy."
Wall Street's median 12-month price target for Scandinavian Tobacco Group A/S is DKK76.00, about 7% above its May 19 closing price of DKK71.00
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
