CZG generated CZK 6.8bn in revenues, US market accounted for 66 %

Published: 01.04.2021 Related countries:  U.S.A. U.S.A.

CZG generated CZK 6.8bn in revenues, US market accounted for 66 %

Česká zbrojovka Group SE (CZG) achieved revenues of CZK 6.8bn in 2020. They increased by 14.6 % y/y, mainly due to a higher number of weapons sold on the basis of demand, especially in the United States. This follows from the consolidated unaudited results of the company, with the operating profit amounting to CZK 1.06bn (+ 11.9%). The number of weapons sold increased by 24.9 % to 467,463. Revenues in the USA accounted for 66 %, followed by Europe (excluding the Czech Republic) with 13.8 % and the Czech Republic with a 4.8% share. The revenue share in Asia was 6.2 %, Africa 5.7 % and the rest of the world 6.1 %. The company will propose to shareholders a dividend of CZK 7.50 per share.

Source: www.cianews.cz

Prepared by the team of foreign office CzechTrade Chicago