Brief: Colt CZ Group Adjusted 9M EBITDA Down 17.3% Y/Y, Revises FY Outlook

Colt CZ SE

23/11/2023 05:46

Nov 23 (Reuters) - Colt CZ Group SE  CZG.PR :
    * COLT CZ GROUP: 9M REVENUE CZK 9.91 BILLION, DOWN 3% Y/Y
    * COLT CZ GROUP: 9M ADJUSTED EBITDA CZK 1.94 BILLION, DOWN
17.3%
Y/Y
    * COLT CZ GROUP: 9M ADJUSTED NET PROFIT CZK 1.48 BILLION, UP
1.5%
Y/Y
    * COLT CZ GROUP:NUMBER OF FIREARMS SOLD IN THE FIRST NINE
MONTHS
OF 2023 DECLINED BY 12.2% Y/Y
    * COLT CZ GROUP: RECOVERY OF THE US COMMERCIAL MARKET HAS
BEEN
SLOWER THAN ANTICIPATED, HAVE REVISED FY GUIDANCE FOR REVENUE,
EBITDA
    * COLT CZ GROUP: EXPECTS FY2023 REVENUE IN RANGE OF CZK
15.2-15.5
BILLION, ADJUSTED EBITDA IN RANGE OF CZK 3.0-3.3 BILLION

Source text for Eikon:  ID: 
Further company coverage:  CZG.PR 

 (Reporting By Jason Hovet)
 ((jason.hovet@thomsonreuters.com;))