Scandinavian Tobacco Group A/S (SNDVF)
OTHER OTC:SNDVF
Earnings Data
Report Date
Aug 26, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.5Last Year’s EPS
0.51Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a cautiously positive operational picture: strategy (Focus2030) execution has begun with early wins—market share stabilization in machine-rolled cigars, solid handmade cigar growth (8% organic) and strong momentum for nicotine pouch brand XQS—while profitability (EBITDA margin) remained resilient and cash flow was stable. However, the quarter also showed measurable near-term challenges: modest organic sales contraction (-0.6% ex-FX), a notable quarterly drop in nicotine pouch net sales (-23%) due to phasing, elevated special items (~DKK 275m expected for 2026), increased trademark amortization (-DKK ~75m) affecting EBIT by -0.9ppt, online margin pressure, and a low ROIC (7.8%) versus the 2030 target. Management maintained full-year guidance and emphasized uncertainty, but the positive operational momentum and stable financial metrics at this early stage of strategy execution outweigh the transitional costs and short-term headwinds.Company Guidance
Focus2030 Strategy Off to a Good Start
Management launched Focus2030 and reports initial execution progress: rollout of power brand strategy, portfolio simplification, cost-improvement actions and prioritized investments toward power brands.
Machine-Rolled Cigars Market Share Stabilization
Estimated volume market share in 7 key markets at 27.9% in Q1 (12-month at 27%), reversing prior declines and with 3 of 4 power brands increasing share; ambition to grow share from below 27% in 2025 to >29% by 2030.
Strong Growth in Handmade Cigars
Handmade cigars delivered 8% organic net sales growth in Q1 driven by branded business in the U.S., retail stores and online; company targets U.S. share expansion from ~13% to >15%.
Nicotine Pouch Brand XQS Gaining Traction
XQS market share in Sweden rose from 10.7% (Q1 2025) to 13.6% (Q1 2026); combined key markets (Sweden, Denmark, U.K.) category volumes grew ~21% in Q1 while the company's brands grew ~38%; last 12 months XQS growth ~mid-30s%.
Resilient Profitability and Margins
EBITDA before special items was unchanged YoY despite lower net sales; EBITDA margin before special items improved to 17.2% from 16.1% (+1.1 percentage points); EBIT margin before special items at 10.4% in line with prior year.
Stable Cash Flow and Working Capital Improvement
Reported net sales of DKK 1.9bn; free cash flow before acquisitions DKK 158m (in line YoY); working capital change was +DKK 41m (first positive Q1 contribution since 2016) and substantial receivables recovery from Q4 planned to be fully recovered in H1.
Guidance Maintained with Clear Targets
Company maintained 2026 guidance: group net sales growth (constant currencies) -2% to +2%; EBIT margin before special items 13%–14.5% (vs 14.9% in 2025, including -0.9ppt impact from trademark amortization change); free cash flow before acquisitions DKK 950m–1.2bn; EBITDA before special items ~DKK 1.8bn; plan to approach leverage target of 2.5x by year-end.
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 |
|---|---|---|---|
May 20, 2026 | $11.07 | $11.22 | +1.36% |
Mar 04, 2026 | $14.68 | $13.84 | -5.73% |
Nov 11, 2025 | $12.82 | $12.87 | +0.44% |
Aug 27, 2025 | $13.31 | $13.37 | +0.46% |
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 Aug 26, 2026, TBA (Confirmed).
What is Scandinavian Tobacco Group A/S (SNDVF) earnings time?
Scandinavian Tobacco Group A/S (SNDVF) earnings time is at Aug 26, 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 (Q2) is 0.5.