Brief: Colt CZ Group's 9M Adjusted EBITDA Up 56%, Confirms FY Guidance

Colt CZ SE

21/11/2024 05:42

Nov 21 (Reuters) - Colt CZ Group SE  CZG.PR :
    * COLT CZ GROUP: 9M REVENUE CZK 14.97 BILLION, UP 51.1% Y/Y
    * COLT CZ GROUP: 9M ADJUSTED EBITDA CZK 3.02 BILLION, UP
56.1% Y/Y
    * COLT CZ GROUP: EBITDA INCREASE DRIVEN BY HIGHER SALES, A
HIGHER
SHARE OF ORDERS FROM THE M/LE SEGMENT, AND CONSOLIDATION OF
SELLIER & BELLOT ACQUISITION
    * COLT CZ GROUP: 9M ADJUSTED NET PROFIT CZK 1.29 BILLION,
DOWN
12.8% Y/Y
    * COLT CZ GROUP: DECLINE IN PROFIT PRIMARILY INFLUENCED BY
THE
RESULT OF FINANCIAL OPERATIONS WHICH WAS AFFECTEDMAINLY BY HIGH
INTEREST COSTS ASSOCIATED WITH ACQUISITION FINANCING
    * COLT CZ GROUP: NUMBER OF FIREARMS SOLD IN THE FIRST NINE
MONTHS
OF 2024 INCREASED BY 3.2% Y/Y
    * COLT CZ GROUP: CONFIRMS FY GUIDANCE
    * COLT CZ GROUP: Q4 2024 IS EXPECTED TO BE STRONGER THAN Q3
2024

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Further company coverage:  CZG.PR 

 ((jason.hovet@thomsonreuters.com;))