Scandinavian Astor Group AB Secures Major Orders Boosting Growth Potential

Scandinavian Astor Group AB has received two significant orders enhancing its growth trajectory. Subsidiary Airsafe secured a SEK 68 million parachute system order from an undisclosed Western country, with an additional option of SEK 22 million. This deal considerably increases Airsafe's revenue, following its acquisition in 2024 for SEK 25 million. The order could contribute SEK 14 million to EBITDA, given the full option execution.

Additionally, Oscilion, another Astor subsidiary, obtained a SEK 15 million order for its drone jammer, "Astor Eclipse," after an initial SEK 21 million order in May. The order is presumed to be from a NATO country, emphasizing the urgency for drone defense due to the Ukraine conflict.

Astor's successful capital increase of SEK 320 million and a new SEK 128 million credit facility provide flexibility for future acquisitions, reinforcing a positive outlook. The BUY recommendation is maintained with a target price of SEK 56.00.