Scandinavian Astor Group AB Shows Promising Q3 Recovery

Scandinavian Astor Group AB's third quarter demonstrated clear recovery after a challenging second quarter. The company registered a 23% year-on-year and 120% quarter-on-quarter increase in order intake, amounting to SEK 178 million. This indicates renewed momentum, although order intakes still trail behind deliveries. A recent infrastructure award worth SEK 33 million sets a positive tone for the fourth quarter.

Sales surged by 218% compared to the previous year, reaching SEK 250 million. Significant contributions came from Protect, whose sales nearly doubled to SEK 193 million. Industry sales also grew moderately by 15%. Profitability showed marked improvement, with an adjusted EBITDA of SEK 35 million, reflecting a margin recovery to 13.9%.

The group's expanded capacity and strategic partnerships target further growth, especially in infrastructure protection and defense. The company maintains its BUY recommendation, with a target price of SEK 27 over the next 12 months.