Colt CZ Group SE (Colt CZ) has reported a substantial revenue increase for the first half of 2024, reaching 9.69 billion CZK, a 41.2% year-over-year rise.

In the United States, Colt CZ experienced a notable 30.2% increase in revenues, amounting to approximately 4.19 billion CZK. This growth reflects the company’s strong performance in the US market, particularly in the sectors of armed forces, personal defence, and sporting firearms. The acquisition of Sellier & Bellot has also allowed Colt CZ to expand its presence in the ammunition and munitions segment, further boosting its market position.

The first half of 2024 was marked by record financial performance for Colt CZ, which can be attributed to the consolidation of Sellier & Bellot’s results and organic growth in key markets, including the US. The company’s expansion in the armed forces market and the significant contributions from the newly reported ammunition segment are the key drivers of this growth.

Colt CZ’s commitment to reinvestment was underscored by the decision of over 1000 shareholders to reinvest their 2023 dividends into the company’s further development. This reinvestment is a strong vote of confidence in Colt CZ’s strategic direction and its prospects. The group continues to be a leading global manufacturer of firearms and ammunition, with a significant presence in the US market through its brands such as Colt, CZ-USA, and Dan Wesson.

Source: ceskenoviny.cz

Author: CzechTrade Office in New York