DENMARK: ST-GROUP REPORT FOR FY1998/99

Article Abstract:

In its report for fiscal year 1998/99, Danish tobacco company Skandinavisk Tobakskompagni (ST) presented a DKr 1.9 bn (US$ 268 mn) income before tax, a 27 percent increase compared to last year. The acquisition of Norwegian tobacco company J.L. Tiedemanns Tobaksfabrik led to an increased turnover from 18 to DKr 30 mn (Tiedemanns had a turnover of around DKr 6 mn). The cigarette manufacturer House of Prince increased sales on the Polish market by 100 percent to DKr 11 mn. ST has two factories in Poland and one in Latvia. If markets become more stable, ST plans to expand into the St. Petersburg and Moscow regions.

Publisher: A/S Forlaget Borsen
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 1999
Sales, profits & dividends, Poland, Russia, Chewing Tobacco

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DENMARK: ACQUISITIONS IN TOBACCO SECTOR

Article Abstract:

British American Tobacco (BAT) is to sell off its businesses in Denmark to the Danish group Skandinavisk Tobakskompagni as from 1 January 2000, according to an agreement between the companies. The sell-off includes the smoking tobacco plant Alfred & Christian Petersen and the pipe producer Stanwell. These companies will in future be part of Skandinavisk Tobak's subsidiaries Orlik Tobacco Company and Nordisk Tobaks Kompagni respectively.

Publisher: A/S Forlaget Borsen
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2000
Asset sales & divestitures, British-American Tobacco Company Ltd., Nordisk Tobaks Kompagni A/S, Orlik Tobacco Co.

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R GREGLER EN VIRKSOMHEDSSAG

Article Abstract:

In a comment to Danish Minister of Health Carsten Koch's suggestion that all companies in Denmark should enforce a smoking policy as part of their image, LO and DA (unions in Denmark) are of the opinion that each company should decide for itself whether to introduce such a policy or not. Both LO and DA are sceptical towards what they call "American solutions" where policies are forced on employees.

Comment:

Denmark: LO and DA unions are of opinion that each company should decide for itself whether to introduce smoking policy or not

Publisher: A/S Forlaget Borsen
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 1998
Government regulation (cont), Public affairs, Labor Unions, Labor Unions and Similar Labor Organizations, Article

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Subjects list: Denmark, Tobacco products, Cigars, Skandinavisk Tobakskompagni A/S
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