Scandinavian Astor Group's Strategic Moves Amid Swedish Defense Boost

Scandinavian Astor Group AB has caught attention following Sweden's recent decision to boost defense spending by SEK 300 billion. This move by the Swedish parliament aims to meet NATO's target of 3.5% GDP expenditure by 2030, increasing annual defense spending to SEK 250 billion.

Astor announced significant developments: its subsidiary, Marstrom, secured a SEK 21.3 million defense order, deliveries starting Q3 2025. Additionally, it completed the acquisition of a 30% stake in Nordic Shield Group (NSG), including Cesium, enhancing Astor's portfolio with products like bulletproof military systems.

Furthermore, Astor is set to finalize the acquisition of Carbonia Composites, marking continued strategic expansion. Despite some valuation concerns, these initiatives indicate substantial growth potential for investors. NuWays AG maintains its BUY recommendation for Astor, with a target price of SEK 54.00.