Colt CZ Reports Financial Results

Colt CZ Group SE has announced its preliminary consolidated unaudited financial results for the year 2024 ending December 31. The Group’s revenues reached CZK 22,375.8 million in 2024, which represents an increase of 50.6 percent year-over-year, and exceeds the full year revenue guidance of CZK 20-22 billion. This result is a combination of both organic growth of the firearms segment driven by long firearms sales and the consolidation of Sellier & Bellot since the acquisition date of May 16, 2024. Geographically, growth was recorded mainly in Europe, including the Czech Republic and Ukraine, and in the USA.

“Preliminary results for 2024 are in line with our expectations, particularly regarding the organic growth of our firearms business and the successful contribution of the Sellier & Bellot acquisition,” says Jan Drahota, chairman of the board of directors of Colt CZ Group. “Nevertheless, we still see room to further improve our performance, in terms of both revenues and profitability. Our key focus for 2025 and beyond will remain on driving profitable growth, as cost efficiency is essential to the long-term competitiveness of our business. Given the results achieved, the board of directors decided to use the profit of approximately CZK 847 million to pay a cash dividend of CZK 15 per share and allocate CZK 847 million to a share buy-back program.”

“I am happy to note that Colt CZ’s full-year financial results for 2024 clearly show that the acquisition of Sellier & Bellot has delivered the expected value to the Group and that the synergies between the firearms and ammunition segments are materializing quickly. As the newly appointed CEO of the Group, I am fully committed to achieving the goals set for 2025,” says Radek Musil, CEO of Colt CZ Group.

In 2024, the adjusted EBITDA net of extraordinary items reached CZK 4,598.9 million, up by 50.9 percent year-over-year, in line with company’s guidance. The increase was driven by higher sales, a higher share of orders from the military and law enforcement segment, and especially the consolidation of the Sellier & Bellot acquisition.

For 2025, Colt CZ sees major global business opportunities in the military and law enforcement segment. Cooperation with NATO and EU member countries and the NATO Support and Procurement Agency (NSPA) remains a top priority, though the Group notices the growing importance of other markets, mainly in Asia. Winning tenders and executing signed contracts on time are other prerequisites for fulfilling the outlook.

Maintaining profitability in the firearms segment through more effective cost control is one of the Company’s goals for 2025, especially in the U.S. market. New CZ and Colt products, which are ready to be launched in the U.S. market, will play a key role for future growth in the U.S. market. coltczgroup.com