Sweden's Astor Group Q2 revenue rises on acquisitions

Scandinavian Astor AB

12/08/2026 06:59

Overview
Sweden defense technology group's Q2 revenue rose 89% yr/yr, driven by acquisitions
Adjusted EPS for Q2 increased to SEK 2.09 from SEK 0.03 yr/yr
Order book reached record SEK 610 mln, up 111% yr/yr

Outlook
Company expects postponed deliveries to contribute positively to invoicing in the coming quarters
Astor Group anticipates product mix to return to normal levels, supporting margin development
Company notes high quotation activity and continued demand for capacity-enhancing investments

Result Drivers
ACQUISITIONS - Co said most of the Q2 revenue growth was due to completed acquisitions, including full ownership of Nordic Shield Group
DELAYED DELIVERIES - Profitability in Protect business area was temporarily under pressure due to postponed deliveries from a major contract and a less favorable product mix
CAPACITY INVESTMENTS - Co continued to invest in subsidiaries to expand capacity in response to growing demand and a record order backlog

Company press release: ID:nMFN5MKFB5

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
SEK 171 mln
 
Q2 Adjusted EPS
 
SEK 2.09
 
Q2 Adjusted EBITDA
 
SEK 10.63 mln
 
Q2 Cash Flow from Operations
 
-SEK 25.87 mln
 
Q2 EBIT
 
SEK 128.76 mln
 
Q2 Pretax Profit
 
SEK 125.09 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Scandinavian Astor Group AB is SEK54.00, about 133.8% above its August 11 closing price of SEK23.10
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

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Aug 11 - Sweden's Storskogen Q2 sales rise on organic growth 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)