Scandinavian Astor Group (ASTOR) Aktiedagen 2026 summary

Key themes and strategic vision

• Emphasizes unity, readiness, and industrial strength to address accelerated conflict and evolving defense needs.

• Mission centers on uniting innovators and producers to enhance societal resilience and security.

• Focuses on building a scalable, niche-focused defense group positioned for growth in Northern Europe.

• Advocates for a defense ecosystem engineered to adapt rapidly to shifting paradigms.

• Aims to shape a future where freedom and safety are universally shared.

Business structure and operations

• Operates through two main business areas: Astor Protect and Astor Industry, with verticals in composites and precision manufacturing.

• Maintains 13 production sites across four countries, employing 245 FTEs.

• Presence includes sites in Sweden, Finland, Latvia, and Germany, supporting a pan-European defense ecosystem.

• Pipeline includes over 50 shortlisted acquisition targets, with a strong focus on the Nordics.

• Recent equity raise of 115 MSEK in September 2026 to support expansion.

Financial performance and targets

• Net sales for the last twelve months reached 433–569 MSEK, with adjusted EBITDA of 78–102 MSEK.

• Order book grew 111% year-over-year, reaching 610 MSEK by Q2 2026.

• Financial targets for 2028 include revenue of 2,500 MSEK and an EBITDA margin of at least 15%.

• Order intake and net sales have shown strong quarterly growth, with 89% YoY increase.

• Acquisitions have driven significant sales and EBITDA growth, with future targets aiming for combined sales of 850–1,500 MSEK and EBITDA margins above 15%.