Consensus Estimates

Download Financial Tables

Scandinavian Tobacco Group - Consensus Estimates
Updated: May 2, 2021
Contributors: Nordea, SEB Enskilda, Carnegie, Deutsche Bank, Barclays

               
DKK million Q1 2020A Q1 2021E   2020A 2021E 2022E 2023E
               
- North America Online & Retail 489 547   2,662 2673 2724 2796
- North America Branded & RoW 593 604   2,527 2550 2553 2566
- Europe Branded 673 626   2,817 2743 2714 2682
Net Sales 1,756 1776   8,006 7966 7991 8045
               
- North America Online & Retail 66 92   517 513 530 556
- North America Branded & RoW 176 202   813 900 909 924
- Europe Branded 106 129   581 647 694 708
- Group costs -23 -20   -85 -79 -76 -76
EBITDA before special items 326 403   1,826 1980 2058 2111
               
Special items -155 -26   -435 -98 -55 -8
               
EBIT 66 278   986 1470 1591 1691
Net profit 21 201   678 1092 1181 1269
               
Adjusted EPS * 1.6     9.8 12.2 13.1 13.9
Dividend Per Share       6.5 6.8 7.2 7.5
               
Free Cash Flow before acquisitions 122     1,394 1077 1253 1346
Net interest bearing debt 4,444     3,274 3198 2745 2210
               
Net sales, organic growth 5.3% 5.1%   6.6% 1.6% -0.1% 0.2%
EBITDA, organic growth 23.9% 18.1%   14.0% 8.5% 3.3% 1.3%
               
* EPS adjusted for special items and fair value adjustments and currency gains/losses on financial items, net of tax