Argo Defence Group Launches on NGM Nordic SME with Strong Growth Prospects

Argo Defence Group is making a significant entry into Sweden's stock market by debuting on the NGM Nordic SME exchange, signaling robust expansion plans amid a growing defense budget in Sweden and Europe. CEO Markus Selme highlighted that the company has secured framework agreements worth 860 million kronor, with 200 million kronor already delivered or ordered.

Formed in May through the consolidation of several niche companies, Argo Defence Group aims for over 20% annual growth and targets revenues between 150 and 165 million kronor, projecting an EBITDA margin of up to 15% and EBITDA reaching 23 million kronor in 2025. The Defence Material segment, which accounts for approximately 70% of the company's revenue, is the largest and focuses on complex procurements for the Swedish defense sector, including developing new products alongside subcontractors.

With its history of surpassing the 100 million kronor revenue mark—a crucial threshold for qualifying for larger defense contracts—Argo is well-positioned to capitalize on new opportunities. Additionally, the company is expanding its presence in Ukraine and other Nordic markets, leveraging its strategic procurement-focused approach and local market knowledge. The stock market debut is regarded by CEO Selme as essential for legitimacy and enhancing the company’s financial strength in an expanding defense industry environment.