Scandinavian Astor Group AB's Strategic Acquisitions Fuel Growth

Scandinavian Astor Group AB has received a "BUY" recommendation from NuWays AG, highlighting the company's promising prospects. Recent strategic acquisitions have bolstered Astor's growth potential, particularly through two high-margin acquisitions. Despite a softer Q1, the CFO remarked on the seasonal nature of earnings, suggesting stronger results in the upcoming quarters. Notably, Astor has acquired "Carbonia Composites" for SEK 55 million, enhancing its presence in carbon fiber components with a 27% EBITDA margin. Additionally, Astor's investment in "Nordic Shield Group" positions it in the civil defense sector, offering opportunities in protective structures and mobile security vaults. The ongoing support of these ventures complements Astor's strategic direction, underscoring the buy recommendation with a target price of SEK 40.