Scandinavian Tobacco Group A/S completes the divestment of BREAK and Moro and raises the free cash flow guidance for 2026.

Scandinavian Tobacco Group A/S has completed the divestment of fine-cut tobacco brands BREAK and Moro to Japan Tobacco for DKK 1.3 billion (DKK 1 billion post-tax). The company has raised its free cash flow guidance for 2026 to DKK 1.2-1.4 billion from DKK 950-1,200 million, driven by inventory transfer proceeds. Despite the transaction being dilutive to earnings, the company maintains its 2026 guidance for net sales growth, EBIT margin, and adjusted earnings per share.