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April 19, 2015 1:30 AM ET


Company Overview of Scandinavian Tobacco Group A/S

Company Overview

Scandinavian Tobacco Group A/S, together with its subsidiaries, manufactures and sells cigars and smoking tobacco worldwide. The company offers cigars under the Bellman, Café Crème, CAO, Colts, Cubero, Don Tomas, El Credito, Hajenius, Henri Wintermans Founder's Blend, Hofnar, Justus van Maurik, La Paz, M, Macanudo, Mercator, Nobel Petit, Oud Kampen, and Salsa brand names; pipe tobacco under the Borkum Riff, Captain Black, Clan, Colts, Danske Club, Erinmore, Greve Hamilton, Half & Half, Orlik, Sail, Stanwell, Sweet Dublin, W. Ø. Larsen, and Ålsbo brand names; and fine cut tobaccos for hand-rolled cigarettes under the Bali, Crossroad, Escort, and Tiedemanns brand names. It also offers smokeles...

Sydmarken 42


Copenhagen,  2860


Founded in 1750

8,400 Employees


45 39 55 62 00

Key Executives for Scandinavian Tobacco Group A/S

Chief Executive Officer and Member of Executive Board
Age: 50
Group Chief Financial Officer and Member of the Executive Board
Age: 47
President of Cigars International and Member of The Executive Board
Age: 59
President of General Cigar and Member of The Executive Board
Age: 51
Executive Vice President and Member of Executive Board
Age: 59
Compensation as of Fiscal Year 2014.

Scandinavian Tobacco Group A/S Key Developments

Swedish Match Fails To Sell Stake In Scandinavian Tobacco Group

The plans for the sale of Swedish Match AB (OM:SWMA)'s 49% stake in Scandinavian Tobacco Group A/S has come to nothing.

Scandinavian Tobacco Group A/S Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Scandinavian Tobacco Group A/S reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s sales increased by 10% to DKK 1,630 million compared to DKK 1,478 million reported a year ago. Adjusted for currency translation effects and the acquisition of Verellen, effective as of September 1, 2014, the sales increase was 3%. Increased sales were driven by positive development within handmade cigars, machine made cigars and fine cut tobacco. The comparison to prior year for machine made cigars was favorably impacted by a one-off stock reduction at a major European distributor during the fourth quarter of 2013. Reported EBITDA for the period amounted to DKK 313 million compared to DKK 289 million reported a year ago, but was negatively affected by costs for the Verellen integration partially offset by positive items of one-time nature. Sales for machine made cigars in local currencies increased driven by higher volumes and positive mix effects. Net profit for the period amounted to DKK 152 million compared to DKK 176 million reported a year ago. Net profit in 2013 included a non-recurring positive adjustment to income taxes, relating to a change in the legal structure of the group. For the year, the company reported sales of DKK 6,126 million compared to DKK 5,925 million reported a year ago. EBITDA amounted to DKK 1,183 million compared to DKK 1,180 million reported a year ago. EBITDA also increased when adjusted for currency translation effects and costs of a temporary nature in both periods. Operating profit was DKK 787 million compared to DKK 780 million reported a year ago. Net profit was DKK 550 million compared to DKK 573 million reported a year ago.

Scandinavian Tobacco Group Announces Executive Changes

On January 30, Scandinavian Tobacco Group announced the appointment of Niels Frederiksen as CEO, replacing the departing CEO, Anders Colding Friis. Niels Frederiksen is currently the company’s Executive Vice President of the global supply chain and member of the Executive Board. Over the past years, Niels has played an instrumental role in building STG to what it is, as well as in developing the future strategic direction of the company, where further operational improvements and increased capital efficiency have been identified as significant opportunities for increased profitability and return on capital.

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August 13, 2014
Verellen NV

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