STG (OW): Late on Friday the 18th December, STG (Scandinavian Tobacco Group) announced an upward revision to its FY2020 guidance. The group has seen very strong demand for hand-rolled cigars in the 4th quarter, especially in the US both in physical retail but also online. Due to a timing effect on accounts payable STG is also able to upgrade its outlook for free cash flow before acquisitions. Overall the result is an expected organic EBITDA growth of more than 13% (vs. more than 9% previously) and FCF before M&A of more than DKK1.25bn (vs. more than DKK1bn previously). Overall we see this as quite strong and shows that the 2. Covid wave is having similar positive effects on STG as the first wave. We caution however that some of the effects could slow down as societies open up in 2021. Credit positive overall.
Formue
Danske Bank: STG – Raises FY2020 guidance
Frederik Lorenzen
mandag 21. december 2020 kl. 11:36
[postviewcount]
Relaterede nyheder
Novo Nordisk A/S – share repurchase programme
mandag 06. maj 2024
20:44
Tranny: Vigtigt Dow Transportation indeks tester nu 200 dages glidende gennemsnit nedefra
mandag 06. maj 2024
19:49
Jobannoncer
CEO for Rejsekort & Rejseplan A/S
Region H
Spændende og alsidig stilling som økonomi- og administrationschef
Region Hovedstaden
Nyt job
Aage V. Jensen Naturfond søger en erfaren økonomichef
Region Hovedstaden
Finance/Business Controller til Anzet A/S
Region Sjælland
Dansk Sygeplejeråd søger digitalt indstillet økonomimedarbejder med erfaring i regnskabsprocessen fra A-Z
Region Hovedstaden
Medarbejder til tilsynet med markedet for kryptoaktiver og betalingstjenester
Region H
Liftra ApS i Aalborg søger en Finance Controller med ”speciale” i Transfer Pricing
Region Nordjylland
Forbrugerrådet Tænk søger en ny direktør
Region Hovedstaden
INSTITUTLEDER PÅ AAU BUSINESS SCHOOL – Aalborg Universitet
Region Nordjylland
Økonom til tilsynet med realkreditinstitutter
Region H
Økonom til analyser af arbejdsmarkedet
Region H
Financial Controller til Process Integration ApS
Region Midt
Skatteministeriet søger kontorchef til Organisering og Governance
Region H