The company reported DKK 1.86B in Q1 revenue and reaffirmed its FY26 outlook despite a year-over-year decline.
Scandinavian Tobacco Group posted a Q1 non-GAAP EPS of DKK 1.10, in line with expectations, while revenue fell 5.6% year-over-year to DKK 1.86B. The EBIT margin before special items held steady at 10.4%, though it was impacted by a 0.9% drag from changes in trademark amortization.
The company’s revenue decline reflects broader industry challenges, though its margin stability suggests cost management efforts. Free cash flow details were not fully disclosed in the release. Scandinavian Tobacco reaffirmed its full-year 2026 outlook, signaling confidence in long-term performance.
Markets showed limited reaction to the results, as the figures aligned with prior guidance and consensus estimates.