Board Change • Jun 25
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Ola Alfredsson is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €1.91, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 30x in the Aerospace & Defense industry in Germany. Total loss to shareholders of 48% over the past year. Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €1.66, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 31x in the Aerospace & Defense industry in Germany. Total loss to shareholders of 55% over the past year. Announcement • Apr 08
Mattias Hjorth to Leave the Scandinavian Astor Group AB (publ) as CEO in October 2026 Scandinavian Astor Group AB (publ) announced that the Company's CEO, Mattias Hjorth, has decided to resign from his position at his own request. Mattias will leave his role at the end of his notice period in October 2026, unless the Board decides on an earlier termination in connection with the recruitment of a successor. The process of recruiting a new CEO begins immediately. Announcement • Apr 01
Scandinavian Astor Group AB (Publ) Appoints Wictor Billström as Member of Board Scandinavian Astor Group AB (publ) at its EGM held on April 1, 2026, approved appointment of Wictor Billström as a new member of the Company's board. Announcement • Mar 06
Scandinavian Astor Group AB Announces Resignation of Kristoffer Weywadt, Effective March 13, 2026 Scandinavian Astor Group AB announced on March 5, 2026, that board member Kristoffer Weywadt has announced at his own request that he will resign from Astor Group's board. The reason for this is that Kristoffer Weywadt has taken on a new position that does not allow for external commitments. His resignation will take effect on March 13, 2026. Announcement • Feb 13
Scandinavian Astor Group AB (publ) to Report Fiscal Year 2025 Results on Feb 18, 2026 Scandinavian Astor Group AB (publ) announced that they will report fiscal year 2025 results on Feb 18, 2026 Announcement • Jan 16
Scandinavian Astor Group AB (publ) Announces Transition of Chief Financial Officer Role Scandinavian Astor Group AB (publ) announced that Wictor Billström will gradually step down from his current role as Chief Financial Officer. Wictor will remain with the Company as an acquisition advisor, where his experience and expertise will continue to contribute to the development of Astor Group. The Company has appointed Pål Jernhag as interim CFO, effective March 1, 2026, and has commenced the transition process. The recruitment process to find a permanent successor to the CFO role has been initiated. While the recruitment process is ongoing, the Company has appointed Pål Jernhag as interim CFO from March 1, 2026, with a gradual transition from Wictor Billström. Pål Jernhag is a management consultant at ProXecutive Consultants and has been working with Astor Group since autumn 2025, supporting the finance department and company management. Pål has extensive experience as an auditor, CFO, and financial manager in listed companies. Pål has a degree in business administration from Linköping University. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.24, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 37x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 147% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.17 per share. Recent Insider Transactions Derivative • Jan 05
CEO of Marstrom Composite AB exercised options to buy €255k worth of stock. On the 30th of December, Fredrik Lindblom exercised options to buy 150k shares at a strike price of around €0.47, costing a total of €71k. This transaction amounted to 1,500% of their direct individual holding at the time of the trade. Since June 2025, Fredrik's direct individual holding has increased from 10.00k shares to 160.00k. Company insiders have collectively bought €94k more than they sold, via options and on-market transactions, in the last 12 months. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Ola Alfredsson was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 17
Scandinavian Astor Group AB (publ) to Report Q3, 2025 Results on Nov 12, 2025 Scandinavian Astor Group AB (publ) announced that they will report Q3, 2025 results on Nov 12, 2025 Announcement • Sep 26
Scandinavian Astor Group AB (publ) (DB:Y73) completed the acquisition of an additional 6% stake in Nordic Shield Group AB for SEK 22.6 million. Scandinavian Astor Group AB (publ) (DB:Y73) agreed to acquire an additional 6% stake in Nordic Shield Group AB for SEK 22.6 million on August 26, 2025. A cash consideration of SEK 22.6 million will be paid by Scandinavian Astor Group AB (publ). As part of consideration, SEK 22.6 million is paid towards common equity of Nordic Shield Group AB. Upon completion, Scandinavian Astor Group AB (publ) will own 36% stake in Nordic Shield Group AB. The transaction is subject to approval by regulatory board / committee. As of September 25, 2025, the deal has been approved by the Swedish Inspectorate of Strategic
Products.
Scandinavian Astor Group AB (publ) (DB:Y73) completed the acquisition of an additional 6% stake in Nordic Shield Group AB for SEK 22.6 million on September 25, 2025. Announcement • Aug 22
Scandinavian Astor Group AB (publ) to Report Q2, 2025 Results on Aug 26, 2025 Scandinavian Astor Group AB (publ) announced that they will report Q2, 2025 results on Aug 26, 2025 Announcement • May 22
Scandinavian Astor Group AB Announces Board Changes Scandinavian Astor Group AB held its annual general meeting on May 22, 2025, at Eversheds Sutherland Advokatbyrå's office in Stockholm. The meeting resolved to dismiss Per Adamsson, Robert Humeur, and Lars Granbom from the board. Mats R Karlsson, Lars Carlsson, and Martin Elovsson were elected as new members, with Mats R Karlsson appointed as chairman of the board. Announcement • May 09
Scandinavian Astor Group AB (publ) to Report Q1, 2025 Results on May 13, 2025 Scandinavian Astor Group AB (publ) announced that they will report Q1, 2025 results on May 13, 2025 Announcement • Apr 02
Scandinavian Astor Group AB (publ)'s Oscilion Takes the Next Step - Starts Flight Tests with the Astor IV Radar Jammer Scandinavian Astor Group AB (publ) announced that its electromagnetic warfare company Oscilion announced that the necessary regulatory approvals to begin test flights with the advanced radar jamming system, Astor IV, have been received. The test flights have now commenced and mark an important milestone in the development of the system. Oscilion has an established co-operation with the French Red Air service company SDTS. The co-operation comprises three phases - integration, demonstration and in-service - with the aim of delivering reliable and advanced airborne EW solutions. Ground tests of Astor IV have already been carried out with good results, but the flight tests and demonstrations in the air have required regulatory approval, which has now been obtained. The first flight of the system was conducted, marking the start of an extensive test programme against moving and stationary targets. Announcement • Mar 26
Scandinavian Astor Group AB (Publ) Provides Earnings Guidance for the Full Year 2028 Scandinavian Astor Group AB (publ) provided earnings guidance for the full year 2028. The new financial targets are for the Company to reach a turnover of SEK 2,500 million for the full year 2028. Announcement • Jan 24
Scandinavian Astor Group AB to Report Fiscal Year 2024 Results on Feb 19, 2025 Scandinavian Astor Group AB announced that they will report fiscal year 2024 results on Feb 19, 2025 Announcement • Dec 10
Scandinavian Astor Group AB Appoints Louise Åberg as Chief Operating and Communications Officer Scandinavian Astor Group announced to strengthen its executive management team by creating a new role: Chief Operating and Communications Officer (COCO). Astor Group has recruited Louise Åberg who will take up the role at the turn of the year 2024/2025. The newly created role will strengthen the work of building a scalable structure for continued expansion and for the planned listing on a regulated market in 2025. To the position of COCO, Louise Åberg has been appointed. Louise has extensive experience in financial communication, corporate governance and change management in listed environments. Her previous roles include Lead Governance & Communication and Business Manager, where she successfully worked with strategic business development and internal and external communication. Louise also has an academic background in peace and conflict studies, economics and organisational development. Since February 2023, she has worked as an external advisor to Astor Group via Shark Communication. The newly created role covers a wide range of responsibilities, including coordination of management functions, corporate governance and internal and external communication. In addition, a major focus will be on preparing the group for regulated markets where, among other things, the introduction of sustainability reporting according to CSRD is an important part.
Louise Åberg will take up the role at the turn of the year 2024/2025 and complements the existing management team. Announcement • Aug 29
Scandinavian Astor Group AB (DB:Y73) announced its intention to acquire ScandiFlash AB for SEK 95 million. Scandinavian Astor Group AB (DB:Y73) announced its intention to acquire ScandiFlash AB for SEK 95 million on August 28, 2024. The transaction is expected to complete in October 2024. Announcement • Jul 24
Scandinavian Astor Group AB to Report Q2, 2024 Results on Aug 22, 2024 Scandinavian Astor Group AB announced that they will report Q2, 2024 results on Aug 22, 2024 Announcement • Jul 06
Scandinavian Astor Group AB to Report Q3, 2024 Results on Jul 23, 2024 Scandinavian Astor Group AB announced that they will report Q3, 2024 results on Jul 23, 2024 Announcement • May 24
Scandinavian Astor Group AB (DB:Y73) acquired Airsafe Sweden AB. Scandinavian Astor Group AB (DB:Y73) entered into an agreement to acquire Airsafe Sweden AB for SEK 25 million on April 9, 2024. The consideration consists of SEK 20 million in cash and SEK 5 million earnout depending on the financial targets achieved. The acquisition was financed through a directed issue. Fredrik Winroth, Markus Garfvé of Advokatfirman FYLGIA KB acted as buy-side legal advisor to Scandinavian Astor Group AB (DB:Y73).Scandinavian Astor Group AB (DB:Y73) completed the acquisition of Airsafe Sweden AB on May 23, 2024. Announcement • Jan 29
Scandinavian Astor Group AB to Report Fiscal Year 2023 Results on Feb 26, 2024 Scandinavian Astor Group AB announced that they will report fiscal year 2023 results on Feb 26, 2024 
