Cigar News: STG Net Sales Down 3.9% for Third Quarter 2023

Scandinavian Tobacco Group (STG) has announced its earnings for the third quarter of 2023.  The big news is the company is reporting negative sales growth of 3.9% YoY.  At the same time, STG reported an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin of 26.5%. The EBITDA margin is a measure of a company’s […]