- Scandinavian Tobacco Group (SNDVF, Financial) reports Q1 non-GAAP EPS of DKK 1.50.
- Revenue rises by 5.3% year-over-year to DKK 2 billion, despite an 8.8% decline in organic net sales.
- Free cash flow shows significant improvement, reaching DKK 156 million from a prior deficit of DKK 126 million.
Scandinavian Tobacco Group's Financial Performance
Scandinavian Tobacco Group (SNDVF) has released its financial results for the first quarter, showcasing a non-GAAP earnings per share (EPS) of DKK 1.50. This outcome is part of a broader picture that includes a 5.3% increase in revenue, bringing the total to DKK 2 billion.
Revenue and Sales Insights
The company experienced a revenue rise, but it is important to note that organic net sales faced a decline of 8.8%. This mixed result underscores the complexity of the current market conditions for Scandinavian Tobacco Group.
Profitability Metrics
Despite the challenges in organic sales, the company's EBITDA margin settled at 16.1%, reflecting the competitive pressures within the industry. Nevertheless, a noteworthy highlight is the considerable improvement in free cash flow, which has turned positive at DKK 156 million, contrasting with a previous negative flow of DKK 126 million.
