Brief: Colt CZ Group beats EBITDA forecast in 2022, raises dividend

Colt CZ SE

23/03/2023 05:57

March 23 (Reuters) - Colt CZ Group SE  CZG.PR :
    * COLT CZ GROUP: 2022 REVENUE CZK 14.59 BILLION  (VERSUS
COMPANY
OUTLOOK CZK 14.0-14.6 BILLION)
    * COLT CZ GROUP: 2022 ADJUSTED EBITDA CZK 3.37 BILLION
(VERSUS
COMPANY OUTLOOK CZK 3.0-3.3 BILLION)
    * COLT CZ GROUP: 2022 NET PROFIT CZK 2.03 BILLION, UP 168% 
Y/Y
    * COLT CZ GROUP: TO PROPOSE CZK 30 PER SHARE DIVIDEND, WITH
AN
OPTION TO CHOOSE BETWEENCASH PAYMENT AND STOCK DIVIDEND
    * COLT CZ GROUP: SEES 2023 REVENUE AT CZK 16.4-16.9 BILLION
UNDER
GROUP AMBITION SCENARIO, AT CZK 16.1-16.5 BILLION IN NEUTRAL
SCENARIO, AT CZK 15.1-15.5 BILLION IN PESSIMISTIC SCENARIO
    * COLT CZ GROUP: SEES 2023 ADJUSTED EBITDA AT CZK 3.6-3.8
BILLION
UNDER GROUP AMBITION SCENARIO, AT CZK 3.4-3.6 BILLION IN NEUTRAL
SCENARIO, AT CZK 3.1-3.3 BILLION IN PESSIMISTIC SCENARIO
    * COLT CZ GROUP: PRESENTING GUIDANCE IN SCENARIOS GIVEN THE
CURRENT DEVELOPMENT ON THE GLOBAL MARKETS AS WELL AS IN THE
CZECH REPUBLIC, INCLUDING UNCERTAINTIES ON THE DEMAND SIDE AND
INFLATIONARY PRESSURES ON THE COST SIDE
    * COLT CZ GROUP: CAPEX MAY REACH A 5% SHARE OF THE 2023
EXPECTED
REVENUES
    * COLT CZ GROUP:  BELIEVES THAT ITS TOTAL ENERGY COSTS
SHOULD STAY
AT SIMILAR LEVELS AS IN 2022
    * COLT CZ GROUP: 2023 SALES MAY BE AFFECTED BY THE CURRENT
SLOWDOWN IN THE MOST IMPORTANT COMMERCIAL MARKET FOR THE GROUP,
WHICH IS THE UNITED STATES
    * COLT CZ GROUP: IN 2022, ABLE TO COMPENSATE FOR THE
RELATIVELY
SIGNIFICANT DECLINE IN THE US COMMERCIAL MARKET BY SELLING OUR
PRODUCTS MAINLY TO MILITARY CUSTOMERS

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

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