Colt profits from higher global demand for arms

Published: 23.09.2022 Related countries:  New Zealand New Zealand, Australia Australia

Despite the significant improvement in outputs, a high increase in costs (material, energy) is reflected in the results

Colt CZ’s results have significantly increased in a year-on-year comparison, and the full consolidation of the U.S. Colt is also positive. In reaction to the published results of the firm, this statement was made by Komerční banka economist Bohumil Trampota. Despite the significant improvement in outputs, a high increase in costs (material, energy) is reflected in the results. Česká spořitelna analyst Petr Bártek added that the results confirmed that the company was well diversified. Therefore, it can compensate for the cooling civilian market in the United States through increased global demand in the armed and security forces segment.
 
Source: Daily news | ČIA news
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