Scandinavian Astor Group AB Sets Bullish Mid-Term Targets

Scandinavian Astor Group AB, a company under analysis by NuWays AG, has announced ambitious mid-term targets and a SEK 150 million capital increase to support further acquisitions. The group's new objectives aim for SEK 2.5 billion in sales and more than a 15% EBITDA margin, showcasing a substantial growth plan. These targets significantly outpace previous estimates, indicating expectations of a tenfold increase in sales and a twentyfold rise in EBITDA over the next four years.

Astor’s M&A pipeline is robust, with talks on acquisitions involving combined turnovers over SEK 500 million. The last 15 months have seen six acquisitions with a combined turnover of SEK 166 million, illustrating an accelerated pace. While exact purchase price multiples remain unclear, expectations are set to not exceed an 8-10x EV/EBITDA ratio, aligning with past transactions.

The capital increase is intended to finance these acquisitions and support growth-related capital expenditures. Astor’s cash position is projected to reach approximately SEK 179 million by Q1 2025, bolstering their M&A capabilities.