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  • Mattias Hjorth

    CEO Scandinavian Astor Group


    Scandinavian Astor Group AB (publ) Torshamnsgatan 9 SE-164 40 KISTA SWEDEN
    http://www.astorgroup.se

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

    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

    Scandinavian Astor Group brings forward year-end report 2024 to February 19, 2025

    Scandinavian Astor Group AB (publ) ("Astor Group" or the "Company") announces today that the Company is bringing forward its year-end report 2024. The year-end report will be published on Wednesday, February 19, 2025.Scandinavian Astor Group's Board of Directors has decided to bring forward the year-end report for 2024 to Wednesday, February 19, instead of February 24 as previously communicated in the Company's financial calendar. This is because the work on the report will be completed earlier than planned. In connection with the publication of the year-end report, the company will hold

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

    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.”The acquisition of Welas Oy Ltd marks an important milestone for Scandinavian Astor Group and our subsidiary

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

    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

    Dual listing of Scandinavian Astor Group's shares on Boerse Stuttgart begins today

    Scandinavian Astor Group AB (publ) (”Astor Group” or the ”Company”) announces that today, 12 December 2024, is the first day of trading in Astor Group's shares on Boerse Stuttgart.”This is a milestone for Astor Group. We are proud to offer our shareholders and potential investors the opportunity to trade our shares on one of Europe's leading stock exchanges - a natural step in our quest to grow as a global force in the defence industry”, says Mattias Hjorth CEO of Astor Group. Astor Group begins today its first day of trading as a dual listed company on Boerse Stuttgart and opens trading

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

    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,

    Astor Group appoints Chief Operating and Communications Officer

    Scandinavian Astor Group (”Astor Group” or the ”Company”) is strengthening its executive management team by creating a new role: Chief Operating and Communications Officer (COCO). Astor Group has recruited Louise Åberg who will take up the role at the turn of the year 2024/2025. The newly created role will strengthen the work of building a scalable structure for continued expansion and for the planned listing on a regulated market in 2025.”During her assignment as external advisor to Astor Group, Louise has shown a deep understanding of our business and a strong strategic ability. Her

    Scandinavian Astor Group shares to be dual listed on Boerse Stuttgart as of 12 December 2024

    Scandinavian Astor Group AB (publ) (”Astor Group” or the ”Company”) announces that NGM's application process for the dual listing of Astor Group's shares on Boerse Stuttgart is now finalised. The first day of trading on Boerse Stuttgart is tentatively scheduled for 12 December 2024.“We look forward to being officially welcomed to Boerse Stuttgart at the listing ceremony on 12 December. This will be a milestone in Astor Group's journey to establish ourselves as a leading player in the European market and an opportunity to celebrate our step towards international expansion together with our

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