Skip to main navigation Site - Header Menu OUR BRANDS OUR TOBACCO INVESTOR ABOUT US CAREERS FINANCIAL INFORMATION Financial Information Financial Reports Initial Public Offering 2016 Outlook Financials FINANCIALS Download Financial Tables For the year ended 31 December CONSOLIDATED INCOME STATEMENT 2019 2018 2017 2016 2015 (audited) Net sales 6,870 6,718 6,464 6,746 6,732 Gross profit 3,314 3,219 3,134 3,314 3,282 EBITDA before special items 1,513 1,304 1,283 1,440 1,385 Special items -133 -266 -69 -200 -151 EBIT 977 738 913 957 941 Net profit for the period 748 666 712 682 668 As at 31 December BALANCE SHEET DATA 2019 2018 2017 2016 2015 (audited) ASSETS Non-current assets 9,414 9,375 9,013 9,770 9,718 Current assets 4,458 4,028 3,978 4,494 4,826 Total assets 13,872 13,403 12,990 14,264 14,544 EQUITY AND LIABILITIES Equity 9,103 8,818 8,448 9,273 8,998 Non-current liabilities 3,690 3,476 3,472 3,733 4,393 Current liabilities 1,079 1,109 1,071 1,258 1,153 Total liabilities 4,769 4,585 4,542 4,991 5,546 Total equity and liabilities 13,872 13,403 12,990 14,264 14,544 For the year ended 31 December CONSOLIDATED CASH FLOW STATEMENT DATA 2019 2018 2017 2016 2015 (audited) Cash flow from operating activities 1,300 785 1,049 1,358 1,285 Investing activities -50 -511 -94 -219 -229 Free cash flow 1,250 274 955 1,139 1,057 Financing activities -673 -573 -897 -1,178 -1,029 Free cash before acquisitions 1,187 668 963 1,139 1,057 KEY PERFORMANCE INDICATORS 2019 2018 2017 2016 2015 Organic net sales growth (%)(1) -2.6% 0.4% -2.2% 0.4% 0.3% Net sales growth (%) 2.3% 3.9% -4.2% 0.2% 9.9% Gross margin (%) 48.2% 47.9% 48.5% 49.1% 48.7% EBITDA margin (%) 22.0% 19.4% 19.9% 21.4% 20.6% EBIT margin (%) 14.2% 11.0% 14.1% 14.2% 14.0% Net profit margin (%) 10.9% 9.9% 11.0% 10.1% 9.9% Net debt 2,330 2,585 2,247 2,469 3,011 Net debt/EBITDA bef. special items 1.5x 2.0x 1.8x 1.7x 2.2x Basic earnings per share (EPS) 7.5 6.7 7.1 6.8 6.7 Dividend per share (2) 6.1 6.0 9.3 5.5 14.0 Dividend payout ratio 82% 90% 130% 81% 210% (1) Organic net sales growth is adjusted for currency fluctuations and acquisitions (2) Extraordinary dividends: September 2015 of DKK 900m and November 2017 of DKK 350 million COMPANY NEWS Keep up with news and press releases from Scandinavian Tobacco Group by subscribing to our company announcements. Check out our latest news here SUBSCRIBE QUICK LINKS Site - Footer Quick Links Vision and strategy Management Governance Annual Report 2020 Company Profile Brouchure 2021 GET IN TOUCH info@st-group.com Contact us Media Contact Image and Video Gallery © 2021 Scandinavian Tobacco Group A/S Privacy policy