Scandinavian Tobacco Group A/S (SNDVF)
OTHER OTC:SNDVF
Earnings Data
Report Date
May 20, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
0.23Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mixed but pragmatic outlook: management met several near-term financial targets (reported net sales, EBITDA margin, adjusted EPS) and has launched a clear long‑term strategy (Focus2030) with specific ROIC and free cash flow goals. However, the company faces meaningful near-term operational and market challenges—ERP-related cash timing issues, significant special costs, higher financing costs, declining ROIC, category-specific market declines (machine-rolled cigars and handmade in the U.S.), and elevated promotional and competitive pressure. Strong performance of the XQS nicotine pouch brand and progress on Mac Baren integration are clear positives, but substantial margin and cash‑flow headwinds and an elevated leverage ratio temper the near-term outlook. Overall the positives (in‑strategy progress and meeting guidance) are roughly balanced by the material negatives (cash shortfall, margin decline, special/SAP costs and market headwinds), resulting in a neutral near‑term sentiment with cautious attention to execution risk.Company Guidance
Reported Net Sales and EBITDA In Line with Guidance
Reported net sales of DKK 9.36 billion exceeded guidance (DKK 9.1–9.2 billion). EBITDA margin before special items was 19.8%, within guidance (19.5%–20.5%), resulting in EBITDA roughly in line with expectations.
Adjusted EPS in Guidance Range
Adjusted earnings per share were DKK 10.8, inside the guided range of DKK 10–12 per share.
Strong Performance from XQS Nicotine Pouch Brand
XQS delivered very strong organic growth: 55% organic net sales growth for the full year and 87% organic growth in Q4. Market share in Sweden rose from 7.8% in 2024 to 12.3% in 2025 (above 13% by year-end).
Focus2030 Strategy Launched with Clear Financial Ambitions
New 5-year strategy Focus2030 announced with targets to lift ROIC from ~7.9% in 2025 to >11% by 2030 and to generate free cash flow > DKK 1.2 billion in 2030; strategy prioritizes stabilizing machine-rolled cigars, growing U.S. handmade cigars and expanding nicotine pouches.
Category and Division Margin Transparency
Company disclosed product-category gross margins: group 44%; machine-rolled cigars & smoking tobacco ~51%; handmade cigars ~41%; nicotine pouches ~36%. Division gross margins: Europe Branded 48%, North America Branded & RoW 46%, Online & Retail 38%.
Mac Baren Integration and Cost Synergy Program
Integration of Mac Baren progressing; company announced a cost program targeting DKK 200 million in savings over coming years, with c.DKK 100 million expected to be realized in 2026 and most savings by 2027–28.
Dividend Policy and Capital Allocation Clarity
Introduced a flexible dividend payout policy of 40%–60% of adjusted EPS and proposed a 2025 dividend of DKK 4.5 per share (42% payout), with share buybacks to resume when leverage allows (target leverage 2.5x).
Q4 Signs of Stabilization in Certain Areas
Q4 showed stabilization signals: machine-rolled cigars market share index stabilized at 26.3% in Q4 (26.8% for full year) and handmade cigars saw 1% organic net sales growth in Q4 with recovery in B2B sales (+6% in Q4).
SNDVF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SNDVF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | $15.70 | $14.80 | -5.73% |
Nov 11, 2025 | $13.71 | $13.77 | +0.44% |
Aug 27, 2025 | $14.23 | $14.29 | +0.46% |
May 14, 2025 | $14.60 | $14.13 | -3.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Scandinavian Tobacco Group A/S (SNDVF) report earnings?
Scandinavian Tobacco Group A/S (SNDVF) is schdueled to report earning on May 20, 2026, TBA (Confirmed).
What is Scandinavian Tobacco Group A/S (SNDVF) earnings time?
Scandinavian Tobacco Group A/S (SNDVF) earnings time is at May 20, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is SNDVF EPS forecast?
SNDVF EPS forecast for the fiscal quarter 2026 (Q1) is 0.17.