Scandinavian Astor Group AB Boosts Defence Platform

Scandinavian Astor Group AB announced significant growth in its first quarter, with sales increasing by 74% to SEK 130 million and EBITDA tripling to SEK 27.8 million. This was aided by improved capacity utilization and a stronger business mix. A pivotal acquisition is underway, with Astor purchasing the remaining 63.5% of NSG. This strategic move is expected to significantly enhance the company's scale and visibility in the defence infrastructure sector, which includes high-security constructions.

The financial impact of this acquisition is substantial. Pro-forma calculations indicate an 80% increase in group sales and a remarkable 115% rise in orders. Financing appears manageable, with a mix of cash payment and new share issuance. Valuation remains appealing, reflecting Astor's effective M&A strategy.

Astor’s new protective segment, largely driven by Ammunity, showed steady performance. Further investments are anticipated to boost production capacity and maintain momentum. The transaction is anticipated to be both margin and EPS accretive, strengthening Astor’s position as a notable defence platform in Europe.