Scandinavian Tobacco Group celebrated a milestone when it became the first Scandinavia-based company to be publicly listed on the Nasdaq Copenhagen stock exchange in 2016.
The financial flexibility that follows from being a listed company provides a strong platform for future growth by enhancing the visibility of the Group, improving the ability to attract and retain key employees and diversifying the shareholder base.
The IPO is a natural next step for the Group.
Following the merger in 2010 of its cigar, pipe tobacco, fine-cut tobacco and tobacco-related accessories businesses, Scandinavian Tobacco Group expanded its global presence, market leadership across categories and continued to improve profitability.
Embracing this challenge has strengthened the Group.
Great interest has been expressed in the company from both Danish and international investors and the positive feedback received is a sign of confidence in the solid performance of the Group. Becoming a listed company marks the beginning of a new era for Scandinavian Tobacco Group and its thousands of skilled employees who are all committed to deliver on the Group’s ambitious plans.