Original-Research: Scandinavian Astor group AB - from NuWays AG
Classification of NuWays AG to Scandinavian Astor group AB
SEK 320m capital increase to stem growth; chg. est. & PT Astor issued 8.4m new shares (+16%) at SEK 38 per share, yielding gross proceeds of SEK 320m, exceeding the original target of SEK 300m, via an accelerated book building without subscription rights after market close on Tuesday. In doing so, Astor communicated the following use of proceeds:
Against this backdrop, we increase our CAPEX and WC estimates, but also our organic sales growth assumption, which in sum leads to a higher DCF-based PT of SEK 56.00 (old: SEK 54.00) despite a higher share count. You can download the research here: http://www.more-ir.de/d/32914.pdf For additional information visit our website: https://www.nuways-ag.com/research-feed Contact for questions: NuWays AG - Equity Research Web: www.nuways-ag.com Email: research@nuways-ag.com LinkedIn: https://www.linkedin.com/company/nuwaysag Adresse: Mittelweg 16-17, 20148 Hamburg, Germany ++++++++++ Diese Meldung ist keine Anlageberatung oder Aufforderung zum Abschluss bestimmter Börsengeschäfte. Offenlegung möglicher Interessenskonflikte nach § 85 WpHG beim oben analysierten Unternehmen befinden sich in der vollständigen Analyse. ++++++++++
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2160868 26.06.2025 CET/CEST
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