The holding Colt CZ Group SE of René Holeček posted record revenues of almost EUR 900 million last year. They grew by 50.6 percent year-on-year. The armaments group's adjusted net profit for last year after tax exceeded EUR 77 million, down 5.7 percent compared to 2023.

A successful contribution was the acquisition of Sellier & Bellot, a Czech ammunition manufacturer, which Colt CZ completed last May. Colt CZ recorded an increase in sales, especially for the armed forces, but also in the commercial segment and in all key regions, including the USA.

According to Colt CZ officials, the year-over-year decline in adjusted earnings was primarily due to the result from financing operations, which was impacted by higher interest costs associated with acquisition financing. According to Chairman Jan Drahota, the group sees room for improvement at the revenue and profitability levels.

Colt CZ is a leading global manufacturer of small arms and ammunition for the armed forces, personal defence, hunting, sport shooting and other commercial applications. It sells its products primarily under the Colt CZ, Colt Canada, Dan Wesson, Sellier & Bellot, swissAA, Spuhr and 4M Tactical brands.

The Group is headquartered in the Czech Republic. It employs more than 3,600 people in its manufacturing plants in the Czech Republic, the USA, Canada, Sweden, Switzerland and Hungary. Since 2020, the Group has been listed on the Prague Stock Exchange, with Česká zbrojovka Partners SE holding as the majority shareholder.

Source: Forbes.cz
Prepared by CzechTrade Romania