The published consolidated unaudited financial results of the holding show that its operations were positively affected mainly by higher arms sales in the USA, Africa and Asia.
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They were also affected by the acquisition of Colt and the consolidation of its revenues into CZG’s overall operations from 21 May this year.
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According to the President and Chairman of the Board of Directors, Jan Drahota, the CZG Group has another record half-year behind it.
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The number of weapons sold by CZG in the first six months of 2021 increased by 33.3 percent compared to the first half of last year.
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The group sold 304,322 weapons. From January to the end of June, US revenues accounted for 62.5 percent of the holding’s total revenues.
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Another 10.7 percent was revenue in Europe, with the exception of the Czech Republic, directly in the Czech Republic, the share of total revenue was 2.9 percent.
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Revenue in Africa was 10.5 percent, Asia was 6.1 percent, Canada was 3.3 percent and the rest of the world was four percent.
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Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 12.5 percent to CZK 984.1 million in the first half of the year compared to the same period in 2020, mainly due to significant growth in global sales, especially on continents outside Europe.
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EBITDA is the economic result before interest, taxes and depreciation.
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In addition to Česká zbrojovka, the group includes Colt Manufacturing Company, Colt Canada Corporation, CZ-USA, Brno Rifles, 4M Systems and CZ Export Praha.
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The holding also holds a minority stake in Spuhr i Dalby, a Swedish manufacturer of optical mounting solutions for weapons.
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The group employs approximately 2,000 people in the Czech Republic, the USA, Canada and Germany. The CZG Group is 81.2 percent owned by the Česká zbrojovka Partners SE holding company, the remaining 18.8 percent are publicly traded shares.
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