Scandinavian Tobacco Group A/S (STG)—the parent company of General Cigar Co., Cigars International and others—has announced its financial results for the second quarter of 2018.

In short, the company posted positive results including revenue of DKK 1.78 billion ($278.75 million) and EBITDA of DKK 335 million ($52.46 million). Those numbers represent 1.6 percent and 3.1 percent growth respectively compared to the company’s performance in the second quarter of 2017.

“We delivered a satisfactory result in the second quarter of 2018. In our biggest category, the handmade cigars, we continue to deliver healthy growth rates – and I’m particularly pleased to see the integration of Thompson Cigars running as planned and to report solid sales growth in Thompson Cigars in the first full quarter after the acquisition,” said Niels Frederiksen, ceo of STG, in a statement. “Also, the strong momentum in our ‘other’ category continued while we in the machine-made cigars category still see declining volumes driven by the new excise structures in France.”

STG shares closed at DKK 102.7 ($16.08). It is traded on the NASDAQ Copenhagen.

Charlie Minato

I am an editor and co-founder of halfwheel.com/Rueda Media, LLC. I previously co-founded and published TheCigarFeed, one of the two predecessors of halfwheel. I handle the editing of our written content, the majority of the technical aspects of the site and work with the rest of our staff on content management, business development and more. I’ve lived in most corners of the country and now entering my second stint in Dallas, Texas. I enjoy boxing, headphones, the Le Mans 24-hour, wearing sweatshirts year-round and gyros. echte liebe.