Handmade Cigars Organic Growth
Achieved almost 6% organic net sales growth in handmade cigars for the quarter, with positive growth across all business streams.
Nicotine Pouches Surge
Nicotine pouches delivered 23% organic net sales growth in the third quarter, with the XQS brand achieving 75% growth.
ERP Implementation Progress
ERP system implementation is progressing well, with inclusion of European factories and sales operations, although some operational issues remain.
Free Cash Flow on Track
Free cash flow before acquisitions is expected to meet the target range of DKK 800 million to DKK 1 billion for the full year.
Successful Store Expansions
Opening of 2 new cigar superstores in the U.S. during the fourth quarter, contributing to the growth enablers accounting for 11% of group net sales in the quarter.