24.11.2021 10:54, BAACZGCE
Weapons manufacturer esk zbrojovka Group (CZG) on Thursday, November 25, before the market opens, will publish the economic results for 3Q 2021, resp. 9M 2021. A conference call with the company’s management will follow from 4 p.m.
| Departures hospodaen for 9M 2021 | ||||
|---|---|---|---|---|
| thousand. K | 9M 2021 | Market consensus * | 9M 2020 |
and / and |
| Inputs | 7739 | 7725 | 4964 | 55,9 % |
| EBITDA | 1556 | 1489 | 1118 | 39,2 % |
| EBIT | 1107 | 1030 | 816 | 35,7 % |
| is zisk |
845 | 848 | 478 | 76,8 % |
| Earnings per share (K) |
25,1 | – | 14,2 | 76,8 % |
* average according to CZG survey
esk zbrojovka recorded for 3Q 2021, resp. 9M 2021 vastly meziron rsty hospoda. It will now cover the acquisition impulse. While the last quarter of the Colt contributed to the results of the Czech Armory, last year this American manufacturer of weapons was not a bite of CZG.
Colt with its ronm potency needs, resp. EBITDA was 5300 5400 mil. K, resp. 900 million K could thus enter, resp. EBITDA for 3Q 2021 to deliver an impulse around 1350 mil. K, resp. 225 million K. The dynamics of the US arms market would slow down after an extremely strong lot and the release of this year (sweat enough for new weapons in the private segment from June to the interim and intermittent decline) and without Colt, the equivalent of US sales in the vicinity of 900 million K, including In addition, the North American market in 3Q 2021 could reach the limit of 2,250 million CZK, which is due to the profits of 1,136 million CZK.
Vigorous improvement should be drunk in the business. As the company’s management indicated two, the first quarter of the long-term contract by the Czech Army should reach the next quarter. According to our estimates, revenues from the Czech Republic will increase in marginally equal terms to zero and will reach 250 million K. Meziron will have stable sales of around 200 million, as expected in European markets. According to our opinion, Losk does not have significant sales from Africa in the amount of 96 million CZK.
According to our estimates, esk zbrojovka expects an inter-annual growth rate of 88% to CZK 3,010 million in 3Q 2021, which indicates an EBITDA profit of CZK 572 million (excluding uneven CZK 243 million). Despite the expected sharp year-on-year growth of the cost of gross debt due to the financial acquisition of Colt in the amount of 13 million K to about 45 million K and the expected negative impact of the quarter-on-quarter depreciation of the koruna against the dollar would be a profit for 3Q 2021 ml operating equal growth of zlotys 96 million K to 257 million K.
On Thursday, the Czech Armory will report primarily for the entire nine months of this year. Colt’s contribution in 3Q 2021 will significantly affect the total assets for 9M 2021. According to our estimates, sales for this period will increase by 55.9% to 7739 million CZK, n EBITDA profit estimate is set at 1556 million CZK (+ 39.2% y / y) and the net profit for 9M 2021 is predicted at 76.8% y / y to 845 million K.
For the time being, the company’s management EBITDA up to 10340 10640 mil. K, resp. 1990 2190 mil. K. Due to the current development of this year’s management and the expected slum for 3Q 2021, we believe that celoron inputs may be more than one margin. According to our opinion, the Czech Armory should fill the EBITDA outlook, especially in the middle of the interval. We will monitor how the outlook for operational profitability will be finalized. Following the results of 2Q 2021, the company reported, for the first time in addition to current EBITDA, to adjust adjusted EBITDA by one-off effects. If we included this full EBITDA for 2Q 2021 inc of 766 mil.
Jan Raka, analyst, Fio banka, as
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