Scandinavian Tobacco Group A/S (CVR 31080185; Nasdaq Copenhagen: STG) is the Danish maker of handmade and machine-rolled cigars, pipe and fine-cut tobacco and, more recently, XQS nicotine pouches, headquartered at Sandtoften 9 in Gentofte north of Copenhagen, with roots in the 1961 Skandinavisk Tobakskompagni and its 2010 combination with Swedish Match’s cigar business; the group reports around 11,500 employees and DKK 9.2 billion of 2024 revenue, and net sales of DKK 4.2 billion in the first half of 2026. In Portugal it trades through Scandinavian Tobacco Group SA – Sucursal em Portugal (NIF 980415128), a branch with €2,000,000 of allocated capital at Parque Suécia in Carnaxide, registered for the retail of tobacco products (CAE 47260).
STG is one of the world’s largest makers of handmade and machine-rolled cigars, the product of a 2010 merger between the tobacco business of Skandinavisk Tobakskompagni and Swedish Match’s cigar and pipe-tobacco division, which brought General Cigar and Cigars International in the United States into the group. Its Danish parent, Scandinavian Tobacco Group A/S, employs about 488 people at the Gentofte head office according to the CVR register and around 11,500 worldwide, with operations in the Dominican Republic, Honduras, Indonesia, the United States and several European countries. The group’s Focus2030 strategy, presented with the half-year report on 26 August 2026, leans on handmade cigars (organic growth of 6 percent in the first half), the XQS nicotine-pouch business and the sale of the German fine-cut brands BREAK and Moro to Japan Tobacco.
The Portuguese footprint is a sales branch rather than a factory. Scandinavian Tobacco Group SA – Sucursal em Portugal, tax number 980415128, is registered at Parque Suécia in Carnaxide, the Oeiras office park whose buildings are named after Sweden and which also houses Radiometer’s Iberian subsidiary, with €2,000,000 of capital allocated to the branch and an activity code for the retail of tobacco products. Portugal is a cigar and pipe-tobacco market served through the state-licensed tobacconist network, and the branch is the group’s legal presence for distributing its brands into that channel.
Tobacco is not a sector NorthSouth HQ covers often, but STG is one of the largest Danish companies with a registered Portuguese branch, and the way it is structured, an Iberian company’s sucursal at Parque Suécia with a large allocated capital, is the standard template for Nordic consumer-goods groups that sell into Portugal without manufacturing there. Its 2026 portfolio reshaping, from fine-cut tobacco towards handmade cigars and nicotine pouches, will determine which products the Carnaxide branch carries next.
26 August 2026 — Interim report for 1 January – 30 June 2026: net sales DKK 4.2 billion, organic growth −0.3%, EBITDA margin before special items 19.9%, free cash flow before acquisitions DKK 422 million; full-year 2026 guidance maintained (net sales growth −2% to +2%, EBIT margin 13.0–14.5%).
22 July 2026 — Agreement to divest the fine-cut tobacco brands BREAK and Moro to Japan Tobacco for €176 million (about DKK 1.3 billion enterprise value); closing expected before the end of 2026.
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