Scandinavian Astor Group AB Set for Growth with Strong Q2 Results

Scandinavian Astor Group AB has reported robust growth in its Q2 financial performance. The company recorded an 85% year-over-year increase in order intake, amounting to SEK 111 million, and sales growth of 77% to SEK 91 million. This is attributed to both organic and inorganic factors, including strategic acquisitions like Scandiflash.

The company's EBITDA rose to SEK 8.9 million, reflecting a margin increase by 8.2 percentage points year-over-year. Operating cash flow was strong at SEK 6.9 million, despite substantial investments in capacity and workforce.

Astor's financial health strengthened with a net cash position of SEK 289 million at the end of H1, offering significant M&A potential. Looking forward, the firm anticipates continued momentum into H2, supported by acquisitions and strong organic order growth.