Niels Frederiksen

Scandinavian Tobacco Group Announces 2020 Q2 Results, Share Buyback

Scandinavian Tobacco Group (STG) has announced its financial results for Q2 2020, one of its most positive quarters in recent memory. The company said it…

STG Reorganizes After Agio Integration, Régis Broersma to Lead General Cigar Co.

Régis Broersma will remain in charge of General Cigar Co. Scandinavian Tobacco Group—parent of General Cigar Co., Cigars International and others—announced that it would be…

STG Completes Royal Agio Acquisition

Scandinavian Tobacco Group (STG) has announced that it has completed the acquisition of Royal Agio Cigars for a price of €210 million ($234.59 million). The…

STG Announces Lower Revenue, Higher Profits for Q3 2019

It would appear that some of the cost cutting measures taken by Scandinavian Tobacco Group (STG) are working. STG—the parent of General Cigar Co., Cigars…

Scandinavian Tobacco Group Acquiring Royal Agio Cigars

Scandinavian Tobacco Group (STG) has announced plans to the Dutch-based Royal Agio Cigars in a deal valued at €210 million ($232.61 million). Formally, the deal…

STG Announces Q2 2019 Results

Scandinavian Tobacco Group (STG) has announced its financial results for the second quarter of 2019. Revenue fell .9 percent compared to 2018 with the company…

IPCPR 2019: General Cigar Co.

I will keep the intro to the General Cigar Co. booth recap short: there’s a lot going on and enough words about that below. The…

STG Announces Q1 2019 Results, 7.3 Percent Growth in Profit

Scandinavian Tobacco Group (STG)—the parent company of Cigars International, General Cigar Co., Thompson and others—announced its financial results for the first quarter of 2019. While…

STG Announces 2018 Yearly Results: Slight Revenue Increase

Scandinavian Tobacco Group (STG), the parent company of Cigars International, General Cigar Co. and others, announced its annual results for 2018. The result shows a…

STG Reports Moderate Sales Growth for Q3

Scandinavian Tobacco Group (STG)—parent of General Cigar Co., Cigars International, Thompson Cigar and others—has reported its results for the third quarter of 2018: sales are…

Scandinavian Tobacco Group Plans 100+ Layoffs

Scandinavian Tobacco Group (STG), the parent company of General Cigar Co. Cigars International and others, has announced that it is planning 100-120 layoffs of white-collar…