Interest in Czech weapons is growing, as evidenced by the profits of the largest Czech arms manufacturer. In 2021, Česká zbrojovka had a revenue of 10.7 billion crowns and an adjusted net profit of 1.16 billion crowns. Profit thus increased by almost 72 percent year on year. This follows from a press release sent by the holding’s representatives to ČTK today.
–
According to the chairman of the CZG board, Jan Drahota, last year’s results were a record. They reflected the increase in sales in all regions, as well as the purchase of Colt and the consolidation of its revenues into CZG’s overall operations since last year, May 21. Last year, the company sold 627,472 weapons, a year earlier there were 467,463. Compared to 2020, it sold a third more weapons.
–
According to Drahota, CZG expects a further increase in EBITDA revenues and profits (economic result excluding interest, taxes and depreciation, editor’s note) for this year. According to the company’s management, revenues should be between 14.4 and 14.8 billion crowns, EBITDA could reach three to 3.3 billion crowns.
–
According to Drahota, global sales strategies and focus on products and research and development support revenue growth while maintaining profitability and at the same time create long-term value for CZG investors. “Our management generates strong cash flow, we continue to invest in production capacity, products and expertise,” said the Chairman of the Board. He will propose to the General Meeting the payment of a dividend of CZK 25 per share, which is three times as much as last year’s CZK 7.50.
–
Last year’s revenues in the US accounted for 58.5 percent of the holding’s total revenues. The share of 9.9 percent fell on Europe without the Czech Republic, which accounted for 7.7 percent of total revenues. Another seven percent were in Africa, 6.8 percent in Asia, 5.2 percent in Canada and about five percent in other countries. The holding’s revenues in the Czech Republic last year rose to 821.7 million crowns compared to the previous 327.4 million, according to the company this was due to the acceleration of supplies to the army in the second half of the year. Revenues from sales in the USA rose by almost 39 percent to 6.3 billion crowns last year, mainly due to an increase in demand on the commercial market and the consolidation of Colt.
–
The year before, the CZG holding reported revenues of CZK 6.8 billion, and its operating profit exceeded CZK 1.056 billion. The group manufactures small arms for the armed forces, personal defense, hunting, sport shooting and other civilian uses. It sells them under the CZ (Česká zbrojovka) brand, which has a history of more than 80 years, as well as under the CZ-USA, Colt, Colt Canada, Dan Wesson, Brno Rifles and 4M Systems brands.
–
CZG includes the Česká zbrojovka plant from Uherský Brod, as well as Colt’s Manufacturing Company, Colt Canada Corporation, CZ-USA, 4M Systems and CZ Export Prague. The holding also holds a minority stake in Spuhr i Dalby, a Swedish manufacturer of optical mounting solutions for weapons. The group employs more than 2,000 people in the Czech Republic, the USA, Canada, Germany and Sweden.
—
