- (PLX AI) - STG shares are seen rising today after the company reported better-than-expected results late yesterday and upgraded its guidance.
- • Q2 adjusted EBITDA was DKK 606 million vs. estimate DKK 567 million
- • EBITDA growth outlook for the full year was raised to 16%-20% (from 12%-18%) on continued high demand for handmade cigars
- • The guidance may be conservative, suggesting the consensus is likely to be upgraded at least another 2-4%, Carnegie said
- • The high demand for handmade cigars is increasingly likely to be a new normal level, SEB said
- • Momentum continued to be strong in Q2 and synergies from Agio Cigars are seemingly being realized faster than anticipated, Nordea said
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