Scandinavian Tobacco Group A/S (STG) Earnings Call Transcripts
Scandinavian Tobacco Group A/S's Latest Earnings Call - Q1 FY2026
In the first quarter of 2026, Sunlands Technology Group reported net revenues of RMB 440.7 million, a 9.6% decline year-over-year, while net income rose to RMB 76.8 million, marking the 20th consecutive profitable quarter. The company achieved a net income margin of 17.4%, supported by a significant reduction in selling expenses, which fell 19.5% year-over-year. Looking ahead, management expects second-quarter revenues to decline further to between RMB 410 million and RMB 430 million, indicating ongoing challenges in the market.
Reported metrics
| Metric | Value |
|---|---|
| Net Revenues | RMB 440.7 million (miss) |
| Net Income | RMB 76.8 million (beat) |
| Net Income Margin | 17.4% (positive) |
| Gross Margin | 86.5% (positive) |
| Selling Expenses | RMB 241.9 million (positive) |
| Product Development Expenses | RMB 6.6 million (negative) |
Guidance from management
For Q2 2026, Sunlands expects net revenues to be between RMB 410 million and RMB 430 million, reflecting a decrease of 20.2% to 23.9% year-over-year. This guidance indicates management's cautious outlook amid ongoing market challenges.
What analysts pressed on
Analysts expressed concerns regarding the ongoing structural softness in degree and diploma-oriented programs, which may continue to impact revenue. There are also worries about the effectiveness of the company's strategic pivot towards higher-quality learner cohorts and the potential risks associated with macroeconomic conditions affecting demand.
Main topics on the call
- Profitability Amid Revenue Decline — Despite a 9.6% decline in net revenues, Sunlands maintained strong profitability with a net income margin of 17.4%. CEO Tongbo Liu stated, "Our profitability reflected the progress we have made in cost structure optimiza...
- Cost Management Success — Selling expenses decreased by 19.5% year-over-year, marking the largest reduction in recent years. Hangyu Li noted, "This marks the largest single quarter reduction we have recorded in recent years and our third consecut...
- Revenue Mix Diversification — The company is focusing on diversifying its revenue mix, with degree and diploma-oriented programs contributing only 17.9% of net revenues. Liu emphasized the importance of interest-based programs, which accounted for 67...
- AI Capabilities Development — Sunlands is increasingly embedding AI into its operations to enhance efficiency. Liu mentioned, "We expect AI-driven capabilities to continue to be embedded more broadly across both acquisition and service workflows, sup...
Read the full Scandinavian Tobacco Group A/S transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Scandinavian Tobacco Group A/S
Scandinavian Tobacco Group A/S (STG) is a publicly listed company in the Tobacco industry, within the Consumer Staples sector. It trades on CPSE and is based in DK. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 77 calls on record spanning January 29, 2020 to August 27, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 77 Scandinavian Tobacco Group A/S earnings call transcripts on record, spanning January 29, 2020 to August 27, 2026. Based on this history, Scandinavian Tobacco Group A/S reports quarterly. The most recent call on file is dated August 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- STG
- Exchange
- CPSE
- Country
- DK
- Sector
- Consumer Staples
- Industry
- Tobacco
- Calls on record
- 77
- First call
- January 29, 2020
- Most recent
- August 27, 2026
- Reporting cadence
- quarterly