STG Reports Better Than Expected Q1 Earnings, Raises Guidance

Scandinavian Tobacco Group A/S (STG) says the demand for handmade cigars in the U.S. remains strong, helping to fuel the company to a stronger than expected Q1 2021. It generated revenues of DKK 1.883 billion ($303.9 million), up 12.5 percent compared to 2020. Profits-wise, STG says it earned DKK 527 million ($85.1 million), a 49.1 […] The post STG Reports Better Than Expected Q1 Earnings, Raises Guidance appeared first on halfwheel.