Press releases

Astor Group’s EW company receives order worth approximately SEK 21 million

Regulatory pressrelease

Scandinavian Astor Group’s (‘Astor Group’ or ‘the Company’) subsidiary in Electromagnetic Warfare (“EW”), Oscilion, has received an order for, among other things, the drone jammer Eclipse from a country in the Western world. The order value is approximately SEK 21 million and deliveries are scheduled for 2025.

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Bulletin from the annual general meeting of Scandinavian Astor Group AB on 22 May 2025

Regulatory pressrelease

The annual general meeting of Scandinavian Astor Group AB (the “Company”) was held today 22 May 2025 at 10.00 a.m. at Eversheds Sutherland Advokatbyrå’s office on Sveavägen 20 in Stockholm. All resolutions were passed with the required majority in accordance with the previously announced proposals of the nomination committee and the board of directors. The main resolutions passed by the meeting are set out below. For more detailed information on the content of the resolutions, reference is made to the notice of the Annual General Meeting, which is available on the Company’s website, www.astorgroup.se.

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Scandinavian Astor Group invests in the defence group Nordic Shield Group

Regulatory pressrelease

Scandinavian Astor Group (‘Astor Group’ or the ‘Company’) announces today that it has entered into an investment agreement of SEK 54.5 million in Nordic Shield Group (‘NSG’), a Swedish group specialising in advanced security solutions for total defence and critical infrastructure. The investment is financed with existing cash and is part of Astor Group’s strategy to strengthen its position in the defence and security sector. The investment means that NSG will become an associated company of Astor Group, through which the Company will own approximately 30% of NSG.

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Scandinavian Astor Group expands its composites business – subsidiary Marstrom Composite signs agreement to acquire Carbonia Composites AB

Regulatory pressrelease

Scandinavian Astor Group AB (publ) (“Astor Group” or the “Company”) announces today, 19 May 2025, that its subsidiary Marstrom Composite AB (“Marstrom”) is expanding its business through the acquisition of the Swedish company Carbonia Composites AB (“Carbonia”), which develops and mass produces carbon and glass fibre components for demanding industrial applications, where high strength, low weight and design flexibility are crucial. In 2024, Carbonia had net sales of SEK 51.5 million with an EBITDA of SEK 14 million, which corresponds to an increase of approximately 49 per cent compared to 2023’s EBITDA of SEK 9.4 million. The initial purchase price amounts to approximately SEK 55 million, of which approximately SEK 38.5 million will be paid in cash and is planned to be financed through bank loans of SEK 27.5 million and the remaining own cash, furthermore SEK 16.5 million is paid through a promissory note that the seller of Carbonia has undertaken to set off against new shares in Scandinavian Astor Group at a subscription price per share corresponding to the volume-weighted average price (VWAP) for the shares in the company between 15 May 2025 and 30 May 2025 (the ‘Set-off Issue’). After closing, the initial purchase price shall be adjusted for the net cash/net debt in Carbonia as of the closing date and for any deviations in working capital. This corresponds to an EV/EBITDA multiple of 3.9. The Board of Directors intends to resolve on the Set-Off Issue in connection with the completion of the acquisition, which is expected to take place no later than 31 July 2025.

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Interim report January – March 2025 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 – March 2025. 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 merges subsidiary

Regulatory pressrelease

Scandinavian Astor Group AB (publ) (‘Astor Group’ or the “Company”) and its wholly owned subsidiary Scandinavian Astor Technologies AB (‘Astor Technologies’) have today decided to implement a merger between the companies and adopted a merger plan. Upon completion of the merger, Astor Technologies will become part of Astor Group and cease to be an independent company.

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Invitation to Scandinavian Astor Group’s presentation of the interim report for Q1 2025 and live Q&A

Regulatory pressrelease

Scandinavian Astor Group AB (publ) (‘Astor Group’ or the ‘Company’) will publish its interim report for Jan – Mar 2025 on Tuesday 13 May. Shareholders, analysts and media are invited to participate in a digital presentation on 19 May at 10:00 (CET) where CFO Wictor Billström will present the report. The presentation and Q&A will be held in English and will be available afterwards on the Astor Group website.

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NOTICE TO THE ANNUAL GENERAL MEETING OF SCANDINAVIAN ASTOR GROUP AB

Regulatory pressrelease

The shareholders of Scandinavian Astor Group AB, reg. no. 559353-9322 (“Astor” or the “Company”), are hereby invited to the annual general meeting on 22 May 2025, at 10.00 a.m. at Eversheds Sutherland Advokatbyrå’s premises at Sveavägen 20 in Stockholm. Registration will commence at 09.30 a.m.  

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Investor relations contact

Mattias Hjorth
CEO
ir@astorgroup.se

Louise Åberg
Chief Operating & Communications Officer
louise.aberg@astorgroup.se

Press kit

Logo and photos of CEO Mattias Hjorth

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