Invitation to Scandinavian Astor Group’s presentation of the year-end report for the full year 2024 and live Q&A

Regulatory pressrelease

Scandinavian Astor Group AB (publ) (‘Astor Group’ or the ‘Company’) published its year-end report for the full year 2024 the 19th of February. Shareholders, analysts and media are invited to participate in a digital presentation on 26 February at 10:00 (CET) where CFO Wictor Billström will present the report. The presentation and Q&A will be held in English and will also be available afterwards on Astor Group’s website.

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Year-end report 2024 for Scandinavian Astor Group

Regulatory pressrelease

The Board of Directors and the CEO of Scandinavian Astor Group AB (publ) (“Astor Group” or “the Company”) hereby present the report for the period January – December 2024. The full report, attached to this press release, can also be downloaded from the company’s website: https://astorgroup.se/investor-relations/financial-reports/.

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Scandinavian Astor Group turns to profit: Revenues and earnings for the fourth quarter exceed market expectations

Regulatory pressrelease

Scandinavian Astor Group AB (publ) (“Astor Group” or the “Company”) announces that preliminary revenues and earnings for the full year 2024 exceed market expectations. The preliminary figures show that Astor Group’s revenue amounted to SEK 91 million in Q4 2024 compared to approximately SEK 21 million in Q4 2023. At the same time, net profit will be approximately SEK 15 million compared to less than SEK 0.1 million last year.

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Scandinavian Astor Group has completed the asset acquisition of ID Modeller and carries out an Off-set Issue

Regulatory pressrelease

Scandinavian Astor Group’s (“Astor Group” or the “Company”) subsidiary Marstrom Composite (“Marstrom”) has today, subject to approval from the Swedish Inspectorate for Strategic Products (“ISP”), successfully completed the asset acquisition of ID Modeller AB (“IDM”). In parallel with this, the Board of Directors of Astor Group has, based on the authorization granted by the Annual General Meeting, resolved on an off-set issue of 443,479 shares. The off-set issue is made for the purpose of settling previously announced promissory notes as part of the asset acquisition of ID Modeller.

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Scandinavian Astor Group reports revised figures for its subsidiary Airsafe for the full year 2024

Regulatory pressrelease

Scandinavian Astor Group AB (publ) (“Astor Group” or the “Company”) today announces the revised 2024 figures for its subsidiary Airsafe Sweden AB (“Airsafe”). Sales for the full year 2024 amounts to approximately SEK 33.6 million with an EBITDA of approximately SEK 4.9 million, which shows continued good growth. Overall, Airsafe shows a sales increase of 8 percent and EBITDA grows by 193 percent compared to 2023. This means that the entire amount of the earn-out consideration of SEK 5 million (the “Earn-out Consideration”), which is included in the acquisition terms and conditions for the acquisition of Airsafe, will be activated. The total purchase price for Airsafe thus amounts to the stated maximum amount of SEK 25 million.

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Scandinavian Astor Group has completed the acquisition of Welas Oy Ltd and carries out an Offset Issue

Regulatory pressrelease

Scandinavian Astor Group’s (“Astor Group” or the “Company”) subsidiary Mikroponent has today successfully completed the acquisition of the Finnish company Welas Oy Ltd (“Welas”). In parallel with this, the Board of Directors of Astor Group has, based on the authorization granted by the Annual General Meeting, resolved on an off-set issue of 300,000 shares. The off-set issue is made for the purpose of settling previously announced promissory notes as part of the acquisition of Welas.

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Subsidiary Marstrom Composite strengthens its business through asset acquisition of ID Modeller

Regulatory pressrelease

Scandinavian Astor Group AB (publ) (“Astor Group” or the “Company”) announces today, December 19, 2024, that its subsidiary Marstrom Composite AB (“Marstrom”) is broadening its operations in Sweden by entering into acquisition of the assets (asset deal) of Ljungby-based ID Modeller AB (“IDM”). IDM is based in Ljungby, Sweden, specializing in manufacturing high-quality moulds and prototypes for industrial needs. The purchase price amounts to approximately SEK 12.75 million, of which approximately SEK 7.65 million will be paid in cash and financed through existing cash in Astor Group, and approximately SEK 5.1 million will be paid through debt securities that the sellers of IDM have undertaken to settle against 443,479 new shares in Scandinavian Astor Group at a fixed subscription price of SEK 11.50 per share (the “Offset Issue”). This corresponds to an EV/EBITDA multiple of 12.0 on the 2023 full-year figures, but based on IDM’s preliminary figures for January to November 2024, it corresponds to a multiple of 4.1. The Board of Directors intends to resolve on the Offset Issue in January 2025. The acquisition is expected to be completed by February 28, 2025.

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Scandinavian Astor Group expands to Finland as subsidiary Mikroponent acquires Welas Oy Ltd

Regulatory pressrelease

Scandinavian Astor Group AB (publ) (‘Astor Group’ or the ‘Company’) announces today, 12 December 2024, that its subsidiary Mikroponent AB (‘Mikroponent’) expands its production capacity in the Nordic region through the acquisition of the Finnish company Welas Oy Ltd (‘Welas’). The acquisition strengthens Mikroponent’s production capacity and opens the door to new markets in the Nordic region and Europe. The initial purchase price amounts to approximately SEK 15.5 million, of which approximately SEK 12 million will be paid in cash and financed by Mikroponent’s own cash and cash equivalents, and SEK 3.5 million will be paid through promissory notes that the sellers of Welas have undertaken to settle against 300,000 new shares in Scandinavian Astor Group at a fixed subscription price of SEK 11.50 per share (the “Offset Issue”). Which corresponds to an EV/EBITDA multiple of 5,5. In addition, there is a potential additional purchase price of up to approximately SEK 2.4 million, where the sellers of Welas receive 10 per cent of potential sales revenue from a single customer over a five-year period. The Board of Directors intends to resolve on the Offset Issue in January 2025. The acquisition is expected to be completed by 31 January 2025.

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