Group Annual Report 2013
Scandinavian Tobacco Group Continues to Grow Its Leadership in Cigars and Pipe Tobacco.
Net sales for the full year were 5,925 MDKK (5,978). In local currencies net sales grew by 0.5%. EBITDA was 1,175 MDKK (1,301). In local currencies EBITDA decreased by 8.3% mainly due to a planned one-off stock reduction at the distributor in France.
In local currencies, net sales grew in all categories except for machine-made cigars and in all regions outside Northern and Western Europe.