9M 2024 Key Financial Highlights:
- The Group's revenues in the first nine months of 2024 amounted to CZK 14 971.9 million, up by 51.1% y-o-y, due to both the organic growth and the consolidation of Sellier & Bellot. Geographically, the growth was recorded mainly in Europe including the Czech Republic and also in the USA.
- Adjusted EBITDA for the first nine months of 2024 reached CZK 3,020.9 million, which represents an increase of 56.1% vs. the same period of 2023[1]. The increase was driven by higher sales, a higher share of orders from the M/LE segment, and the consolidation of the Sellier & Bellot acquisition.
- Adjusted net profit for the first nine months of 2024 reached CZK 1,292.7 million in total, which is 12.8% less compared to the same period in 2023. The decline in profit was primarily influenced by the result of financial operations which was affected mainly by high interest costs associated with acquisition financing.
- The number of firearms sold in the first nine months of 2024 increased by 3.2% compared to the same period in 2023 and reached 463 thousand units sold, thanks to the double-digit growth in the category of long guns.
"The results for the nine months of 2024 confirmed our expectations for the year 2024, namely an increase in our performance, both through organic growth and the consolidation of new acquisition of Sellier & Bellot. We confirm our full year guidance for 2024. In October, we carried out a very successful accelerated bookbuilding of 3.9 million newly issued shares, which was the largest sale of shares through ABB on the Czech capital market since 2016. We are proud that investors want to participate in our business story and further growth of the Group." commented Jan Drahota, CEO and Chairman of the Board of Directors of Colt CZ Group.
Press release:
https://www.coltczgroup.com/en/media-press-releases/colt-cz-group-se-increased-its-total-revenues-by-511-to-czk-15-billion-in-the-first-nine-months-of-2024-driven-by-both-organic-growth-and-acquisitions
© 2024 GlobeNewswire (Europe)
