Company Announcement No. 11/2025 Copenhagen, 20 May 2025 Interim report, 1 January - 31 March 2025 Scandinavian Tobacco Group A/S Reports First Quarter 2025 Results and Adjusts Expectations for Full Year 2025. Scandinavian Tobacco Group´s reported net sales for the first quarter 2025 increased 1.3% to DKK 2.0 billion with a negative organic net sales growth of 8.8%. EBITDA before special items decreased 5.3% to DKK 317 million with an EBITDA margin of 16.1%. Free cash flow before acquisitions was DKK 15 ...