Press releases

Scandinavian Astor Group establishes the business area Astor Protect – recruits Brigadier General (ret.) as Business Area Manager

Regulatory pressrelease

Scandinavian Astor Group AB (publ) (‘Astor Group’ or ‘the Company’) is reinforcing its commitment to protection and security by establishing a new business area, Astor Protect. This division will focus on delivering advanced security and survival solutions for critical environments, offering products and services in personal protective equipment, rescue equipment, and tactical security systems for both public and private sectors. As part of this initiative, Airsafe Sweden, previously under the Astor Tech business area, will be transferred to Astor Protect to further strengthen the Group’s focus on security. The Company also intends to complement the business area with additional acquisitions over time. In parallel, Gabor Nagy, Brigadier General (ret.), has been recruited as Business Area Manager. These changes will take effect from April 1, 2025.

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First order through Astor Group Deutschland

Regulatory pressrelease

Scandinavian Astor Group AB (publ) (‘Astor Group’ or ‘the Company’) has today received a first small order through its newly established German subsidiary, Astor Group Deutschland GmbH. The order, which relates to service parts for a system previously delivered by the Group’s subsidiary Scandiflash, is of minor financial significance but marks a milestone for the Company’s establishment in Germany.

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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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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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