Scandinavian Astor Group AB: Strong Performance and Upgraded Recommendation

Scandinavian Astor Group AB released its Q3 results, showcasing remarkable growth and driving a "BUY" recommendation from NuWays AG. Order intake soared, reaching SEK 144 million, a significant increase attributed to large orders and robust subsidiary demand. The current order backlog is promising, with SEK 149 million scheduled for Q4 2025 delivery, ensuring stable future performance.

Despite seasonal challenges, Q3 saw a 22% organic revenue growth, notably boosted by Oscilion’s "Astor Eclipse" drone jammer and Marstrom's outputs. Sales rose by 78% year-over-year, with the Astor TECH and INDUSTRY segments experiencing substantial growth.

Q3 EBITDA jumped to SEK 15.9 million, reflecting a 20.2% margin. This increase resulted from strategic acquisitions and operational efficiencies. However, anticipated changes in work capitalization and unfinished goods may impact future margins.