Scandinavian Astor Group AB: Enhanced Growth Expectations

Scandinavian Astor Group AB has received a "BUY" recommendation from NuWays AG, following the announcement of its new mid-term objectives. The company aims for SEK 2.5 billion in sales with an EBITDA margin exceeding 15% by FY 2028. This is largely driven by an anticipated organic sales CAGR of 20%, encompassing a SEK 500 million contribution from a short-term M&A pipeline.

Furthermore, Sweden is set to increase its defense spending to 3.5% of GDP by 2030. This expansion significantly elevates the forecast for defense spending growth. Astor's CEO has indicated that the firm is well-positioned to benefit from this surge, as it has a strong focus on defense-related mergers and acquisitions.

As a result, NuWays AG has raised its target price for Scandinavian Astor Group AB from SEK 30.00 to SEK 39.00, reinforcing their positive outlook on the company's potential growth.