Scandinavian Tobacco Group A/S ( (SNDVF) ) has released its Q4 earnings. Here is a breakdown of the information Scandinavian Tobacco Group A/S presented to its investors.
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Scandinavian Tobacco Group A/S is a leading global company in the tobacco industry, specializing in handmade and machine-rolled cigars, pipe tobacco, and next-generation nicotine products. The company has a strong presence in the US and Europe, with a diverse portfolio of brands and a commitment to sustainability.
In 2024, Scandinavian Tobacco Group reported a net sales increase of 5.4% to DKK 9.2 billion, driven by strategic acquisitions and a focus on growth enablers. The company successfully integrated Mac Baren Tobacco Company, enhancing its position in the smoking tobacco market, and expanded its retail footprint with new stores in the US and Asia.
Key financial metrics for 2024 included an EBITDA margin of 22.6% and a free cash flow before acquisitions of DKK 931 million. The company faced challenges with a decline in machine-rolled cigars and smoking tobacco sales, but saw significant growth in next-generation products. Investments in sustainability led to a 7.7% reduction in Scope 1 & 2 emissions compared to 2023.
Looking ahead, Scandinavian Tobacco Group aims to continue investing in growth opportunities while maintaining stability in its core tobacco business. The company plans to develop a new strategy beyond 2025, focusing on adapting to changing consumer preferences and expanding its market presence.