Colt CZ is a leading global manufacturer of small arms and ammunition for the armed forces and personal defence. The Group is based in the Czech Republic and employs more than 3,600 people.

Holding Colt CZ Group SE of René Holeček recorded all time highest revenue of almost CZK 22.38 billion, marking a 50.6% increase from previous fiscal year. The net profit from last year after adjustment exceeded CZK 1.93 billion, however in comparison to the year 2023 the net profit decreased by 5.7%.

“Preliminary results for 2024 align with our expectations, especially when it comes to the growth in the firearms segment and a successful acquisition of Sellier&Bellot,” said Jan Drahota, Chairman of the Board of Directors of Colt CZ.

Colt CZ completed the purchase of the Czech ammunition manufacturer Sellier&Bellot last May.

According to Colt CZ, the year-over-year decline in adjusted net profit was primarily due to financial operations, which resulted from the higher interest cost to finance the acquisition. Drahota said the group sees room for improvement at both the revenue and profitability levels.

The number of guns sold rose by 2% to 633,739 last year. Short firearms accounted for around 56% of sales, while long firearms made up for the rest 44%. North America, Asia and Europe are the Group’s core markets. The biggest export partner over the years has been the USA, which accounted for 39.5% of the Group’s total revenue last year. Revenues generated in the EU excluding Czechia accounted for 27.6%, while the domestic market contributed 19.8% of total revenues. Revenues from Asia made up about 4.2%.    

Cooperation with NATO member countries and the EU remains a priority for the holding. The Group also sees increasing opportunities in other markets, particularly in Asia.

Source: Forbes
Prepared by the team of foreign office CzechTrade South Korea (Seoul)