Consensus Estimates

Download Financial Tables

Scandinavian Tobacco Group - Consensus Estimates
Updated 12 July, 2018
Contributors SEB Enskilda, Carnegie, Deutsche Bank, Nordea, ABG

DKK million Q2 2017 Q2 2018 2017A 2018E 2019E 2020E
 - Handmade cigars 519 643 1.921 2.361 2.595 2.681
 - Machine-made cigars 635 589 2.491 2.360 2.326 2.294
 - Pipe tobacco 134 127 544 511 509 505
 - Fine-cut tobacco 148 143 598 587 599 608
 - Other 237 241 909 926 931 932
Net Sales (Group) 1.673 1.758 6.464 6.745 6.960 7.020
             
 - Handmade cigars 216 247 795 920 1.006 1.049
 - Machine-made cigars 303 305 1.268 1.265 1.242 1.227
 - Pipe tobacco 84 81 326 312 308 304
 - Fine-cut tobacco 88 87 364 359 358 365
 - Other 95 97 342 357 355 359
Gross Profit (Group) 786 826 3.095 3.209 3.269 3.303
           
EBITDA 315 326 1.232 1.279 1.354 1.394
Non recurring items -35 -13 -52 -29 -22 -10
EBITDA adjusted 349 340 1.283 1.306 1.376 1.404
             
EBIT 236 258 913 977 1.048 1.091
Pre tax profit 216 241 852 914 981 1.028
Net profit 166 188 712 735 783 815
             
Free Cash Flow 251 -288 955 592 839 980
Capex -21 -44 -94 -197 -159 -162
             
Inventory 2.741 2.587 2.421 2.525 2.613 2.634
Net interest bearing debt 2.630 3.163 2.247 2.544 2.349 2.057
DIV/share     9,3 6,1 6,4 6,7
EPS 1,7 1,9 7,1 7,1 7.6 7,9
             
Net sales, organic growth -1,1% 0,8% -2,2% 1,4% 1,2% 1,2%
Adj. EBITDA, organic growth -3,8% 3,0% -7,4% 3,7% 3,8% 3,6%