Scandinavian Astor Group AB: A Strategic Growth Outlook

Scandinavian Astor Group AB recently confirmed its FY25 results, with a remarkable 94% increase in sales, reaching SEK 433 million. The adjusted EBITDA reached SEK 83 million, showing a solid margin improvement of 6.3 percentage points year-on-year. The company maintains a healthy net cash of SEK 35 million and an equity ratio of 64%.

The year-end 2025 order backlog, set at SEK 409 million, provides increased visibility for FY26, with expected sales of SEK 650 million. Despite changes in leadership, including the appointment of Martin Elovsson as the new CEO, the operational foundation remains strong.

The focus is now on Ammunity, the largest ammunition producer in the Baltics, anticipating extensive capacity improvements and expansion into markets such as Ukraine and the Nordics. With a solid competitive edge in the Baltic defence market, the future growth outlook remains positive.