Financial Information


Financial Guidance 2021

  • EBITDA: Organic growth >7%
  • Free cash flow before acquisitions:  >DKK 1000 million
  • Adjusted EPS: >10% increase

Financial ambitions
Scandinavian Tobacco Group’ s financial ambition is to deliver strong financial performance.

  • We aim to continuously deliver average annual organic EBITDA growth of 3-5%.
  • It is our ambition to achieve annual average growth in free cash flow before acquisitions and sizeable investments.
  • We aim to improve Return on Invested Capital (ROIC).
  • The objective is to deliver annual growth in ordinary dividend payments.