Scandinavian Astor Group AB: Increased defence investment reflects a record quarter at the subsidiary Mikroponent
Scandinavian Astor Group AB (publ) ("Astor Group" or "the Company") announces that its subsidiary Mikroponent Aktiebolag ("Mikroponent") is expected to deliver a record-breaking first quarter in 2026, driven by increased demand reflecting growing defence investment in Europe.
"We are seeing a clear impact from the increased defence spending in our operations. Our industrial platform is positioned in critical parts of the value chain, where demand is now rising rapidly as investment translates into a concrete need for components and production capacity", says Mattias Hjorth, CEO of Scandinavian Astor Group.
Mikroponent, which specialises in precision components, is seeing a clear upturn in order intake from both existing and new customers in the defence and industrial sectors. This increased activity means the company is expected to exceed its previous best quarter by around 30 per cent in terms of turnover. The development at Mikroponent is a clear example of how Astor Group's companies are being affected by the structural changes taking place within the European defence and security industry.
This development is driven, among other things, by increased investment in advanced military systems and ammunition, where the need for high-precision metal components is crucial. This places high demands on quality, repeatability and delivery capability - areas in which Mikroponent has an established position.
"We are seeing how increased defence budgets and a greater focus on local and robust production are having a direct impact on our business. Investments in advanced military systems and ammunition are creating an increased need for metal components with very high precision. This places high demands on quality, repeatability and delivery capability - areas where our cutting-edge expertise in precision components forms the basis of our strong market position", says Jörgen Lindqvist, CEO of Mikroponent.
To meet the growing demand, the Company has invested in and launched new production lines. The investment strengthens Mikroponent's production capacity and enables continued growth whilst maintaining delivery precision and quality.
Scandinavian Astor Group - Strength and security in all elements
For additional information please contact:
Scandinavian Astor Group CEO Mattias Hjorth
Phone: +46 8300 800
E-mail: ir@astorgroup.se
Please note that this is an English translation of a press release written in Swedish by Scandinavian Astor Group AB (publ), in the event of any inaccuracies, the Swedish version applies.
About Scandinavian Astor Group AB (publ)
Scandinavian Astor Group is a Swedish defence group shaping the future of security and protection. Through its three business areas - Astor Tech, Astor Industry and Astor Protect - the Group delivers advanced technology, high-quality components and critical security solutions to primarily the defence, industry and public safety sectors. Astor Group is listed on NGM Main Market (ticker: ASTOR) and Boerse Stuttgart. The Company is headquartered in Stockholm, Sweden. For more information about Astor Group's business, visit: www.astorgroup.se