The revenues of the CZG holding increased by more than 40 percent year-on-year

Published: 30.09.2021 Related countries:  United Kingdom United Kingdom

Holding CZG - Ceska zbrojovka Group SE reported revenues of 4.7 billion Czech crowns in the first half of this year. This is a year-on-year increase by 40.6 percent. From January to June, net-profit amounted to 587.9 million Czech crowns, which represents an increase by 54 percent compared to the same period in 2020.

The holding's performance was positively affected mainly by higher arms sales in the USA, Africa and Asia, as well as the acquisition of the Colt's Manufacturing Company and the consolidation of its revenues into CZG's overall operations from the 21st of May this year.

According to the president of the CZG group, the demand for its products remains high and even exceeds its current production capacity. Due to the favorable development of the economy, the company's management expects good results at the end of this year as well.

Source: CTK