The earnings call highlighted successful integration efforts and growth in specific segments like nicotine pouches and retail stores. However, these were offset by significant challenges such as a decline in organic sales growth, reduced EBITDA margins, and ongoing difficulties in the U.S. and international Handmade Cigars markets. The financial outlook remains cautious with a focus on recovering margins and stabilizing market shares.
Company Guidance
During the Scandinavian Tobacco Group's Q2 2025 earnings call, several key financial metrics and strategic updates were discussed. The company reported a slight decline in organic net sales by 4%, with the discontinuation of the ZYN distribution negatively impacting growth by 3%. EBITDA margin decreased to 21.1% due to changes in product and market mix, and continued investments in core categories. Free cash flow before acquisitions was DKK 119 million, with expectations to reach DKK 800 million to DKK 1 billion for the full year. The leverage ratio increased to 2.9x, primarily due to dividend payments. Despite these challenges, the firm remains optimistic about achieving positive organic growth in H2, driven by new store openings and the stabilization of market shares. The guidance for 2025 remains at DKK 9.1 billion to DKK 9.5 billion in net sales, and an EBITDA margin between 18% and 22%.
Mac Baren Integration Progress
The integration of Mac Baren is progressing according to plan, with consolidated distribution in the U.S. and streamlined online sales channels. This integration is expected to deliver DKK 150 million in synergies by 2027.
Growth in Retail Stores and Nicotine Pouches
Retail stores in the U.S. and the nicotine pouch brand XQS delivered double-digit sales growth, contributing to 10% of group net sales in the quarter compared with 9% for the full year 2024.
Smoking Tobacco Performance
Smoking Tobacco delivered 10% organic growth, driven by fine-cut tobacco, and 42% growth when including the impact from Mac Baren and exchange rate developments.
Scandinavian Tobacco Group (SNDVF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SNDVF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Aug 27, 2025
$14.23
$14.30
+0.49%
May 14, 2025
$14.60
$14.14
-3.15%
Mar 06, 2025
$14.66
$14.35
-2.11%
Nov 12, 2024
$13.70
$13.56
-1.02%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Scandinavian Tobacco Group A/S (SNDVF) report earnings?
Scandinavian Tobacco Group A/S (SNDVF) is schdueled to report earning on Nov 11, 2025, TBA (Confirmed).
What is Scandinavian Tobacco Group A/S (SNDVF) earnings time?
Scandinavian Tobacco Group A/S (SNDVF) earnings time is at Nov 11, 2025, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.