Scandinavian Tobacco Group raises full-year adjusted EPS forecast to DKK 9.5-11.5

• Scandinavian Tobacco Group raised its 2026 profit outlook, supported by year-to-date performance and higher-than-expected tariff and duty refunds.
• EBIT margin before special items rises to 14%-15.5% from 13%-14.5%; adjusted EPS increases to DKK 9.5-11.5 from DKK 9-11.
• Reported net sales growth guidance at constant currencies narrowed to -2% to 0%, from -2% to +2%.
• Underlying sales assumptions remain broadly unchanged, with guidance now excluding BREAK and Moro fine-cut brands divested effective October 1, 2026.
• Free cash flow before acquisitions remains projected at DKK 1.2-1.4 billion.

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