Transformational Program To Support Mid-Term EBITDA Growth

Scandinavian Tobacco A/S

23/10/2018 07:57

Oct 23 (Reuters) - Scandinavian Tobacco Group A/S
 STOGR.CO :
    * REG-SCANDINAVIAN TOBACCO GROUP A/S: LAUNCHES A
TRANSFORMATIONAL
PROGRAM TO SUPPORT MID-TERM EBITDA GROWTH
    * APPROXIMATELY 100-120 WHITE COLLAR POSITIONS ACROSS
ORGANISATION
WILL BE MADE REDUNDANT.
    * INITIATIVES ARE EXPECTED TO HAVE FULL-YEAR RUN-RATE EFFECT
BY
END OF 2021
    * NON-RECURRING COSTS ARE EXPECTED TO BE EXPENSED BY
APPROXIMATELY
DKK 100 MILLION IN 2018
    * FINANCIAL GUIDANCE FOR 2018 REMAINS UNCHANGED
    * SAVINGS WILL BE FRONT-LOADED AND WILL INCUR NON-RECURRING
COSTS
UP TO A LEVEL OF DKK 250 MILLION
    * FINANCIAL GUIDANCE FOR 2018 REMAINS UNCHANGED
    * SCANDINAVIAN TOBACCO GROUP - NON-RECURRING COSTS ARE
EXPECTED TO
BE EXPENSED  BY UP TO A LEVEL OF DKK 150 MILLION IN 2019-2021

Source text for Eikon:  ID:nGNE2jzj6M 
Further company coverage:  STOGR.CO 

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