Czech gun manufacturer Colt reports revenues 3.5 bn CZK

Published: 28.05.2022 Related countries:  India India

CZ Group reported revenues of CZK 3.5bn for Q1 2022, up 74.7% y/y.

Colt's Q1 revenues up 74.7% to CZK 3.5bn Colt CZ Group reported revenues of CZK 3.5bn for Q1 2022, up 74.7% y/y. EBITDA rose 120% to CZK 954.7m. Net profit increased by 97.6% to CZK 544.7m. The number of weapons sold increased by 46.1% and exceeded 200,000. Colt CEO and chairman Jan Drahota said domestic sales were up thanks to continued cooperation with the Czech Army under a framework agreement, which was further extended by an amendment signed in March 2022, including in the context of the war in Ukraine. 

Source: www.cianews.cz

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