Brief: Colt CZ: Q1 revenue down on U.S. market slowdown, profit rises

Colt CZ SE

24/05/2023 05:51

May 24 (Reuters) - Colt CZ Group SE  CZG.PR :
    * COLT CZ GROUP: Q1 NET PROFIT RISES BY 7.9% TO CZK 587.8
MILLION
    * COLT CZ GROUP: Q1 REVENUE CZK 3.0 BILLION, DOWN 15.2% Y/Y
    * COLT CZ GROUP: Q1 ADJUSTED EBITDA CZK 683.4 MILLION, DOWN
28.4%
Y/Y
    * COLT CZ GROUP: NUMBER OF FIREARMS SOLD IN Q1 2023 DECLINED
BY
25.3% VERSUS Q1 2022
    * COLT CZ GROUP: Q1 RESULTS REFLECT HIGHER SEASONALITY
RELATED TO
HIGHER SHARE OF SALES TO M/LE SEGMENT, STRENGTHENING OF CZK
AGAINST USD AND EUR AND RELATIVE SLOWDOWN OF THE US COMMERCIAL
MARKET
    * COLT CZ GROUP: CONFIRMS 2023 GUIDANCE

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

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