Brief: Colt CZ Group Posts Lower Q1 EBITDA, Confirms FY Outlook

Colt CZ SE

23/05/2024 06:01

May 23 (Reuters) - Colt CZ Group SE  CZG.PR :
    * COLT CZ GROUP: Q1 ADJUSTED EBITDA CZK 488.4 MILLION, DOWN
28.5%
Y/Y
    * COLT CZ GROUP: Q1 ADJUSTED NET PROFIT CZK 359.9 MILLION,
DOWN
47.8%
    * COLT CZ GROUP: Q1 REVENUE CZK 3.67 BILLION, UP 21.7% Y/Y
    * COLT CZ GROUP:  NUMBER OF FIREARMS SOLD IN THE FIRST
QUARTER OF
2024 DECLINED MODERATELY BY 5.5% Y/Y
    * COLT CZ GROUP:  DECLINE OF EBITDA IS PRIMARILY RELATED TO
ONE-OFFS
    * COLT CZ GROUP: FOR REMAINDER OF 2024, WE EXPECT A
SIGNIFICANT
INCREASE IN OUR PERFORMANCE, BOTH THROUGH ORGANIC GROWTH AND THE
CONSOLIDATION OF THE RESULTS OF SELLIER & BELLOT
    * COLT CZ GROUP: CONFIRM OUR FULL YEAR 2024 GUIDANCE OF CZK
20-22
BILLION OF REVENUES AND CZK 4.3 – 4.7 BILLION OF EBITDA, BOTH
REPRESENT A GROWTH OF AROUND 40-50% VERSUS. 2023

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

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