![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Stonepath Grp. | AMEX:STG | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Company Announcement No. 25/2017 8 November 2017 |
9M | 1 january-30 SEPTEMBER 2017 |
Financial performance on track to meet full year guidance
- cash distribution of DKK 350 million to shareholders
Highlights FOR THE THIRD QUARTER OF 2017
Highlights FOR THE NINE MONTHS TO 30 SEPTEMBER 2017
distribution to shareholders
The board of directors has decided to distribute DKK 350 million to shareholders (DKK 3.5 per share) as an extraordinary dividend in November with the purpose of adjusting the capital structure.
Financial Guidance 2017
FY 2017 guidance unchanged: STG expects slightly negative organic net sales growth and negative organic growth in adjusted EBITDA of 4-8%.
STATEMENT BY CEO NIELS FREDERIKSEN:
"I am pleased to see the steady progress in the quarter where we continued to focus on getting Cigars International back on track and on executing our strategy for the branded handmade and machine-made cigars businesses. Our branded handmade business had yet another good quarter and our machine-made cigars delivered a solid performance with full focus on improving the distribution and visibility of the reduced portfolio combined with new launches in several markets.
As part of the strategy for growing our handmade business, I am happy to announce the planned opening in 2018 of two retail stores in Texas, US. These retail stores will complement our online business and provide consumers with both a great shopping and smoking experience.
We continue to deliver a strong cash flow. In order to adjust our capital structure we are now distributing another DKK 350 million on top of the ordinary dividend distributed end of April, bringing the total cash distribution in 2017 to DKK 900 million."
For media enquiries: Jan Fledelius Interim Head of Group Communications +45 39 55 62 00 or jan.fledelius@st-group.com | For investor enquiries: Torben Sand Head of Investor Relations +45 7220 7126 or torben.sand@st-group.com |
1 Year Stonepath Chart |
1 Month Stonepath Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions