2024 Financial Highlights:
- The Group's revenues reached CZK 22,375.8 million in 2024, which represents an increase of 50.6% y-o-y, and exceeds the full year revenue guidance of CZK 20-22 billion. This result is a combination of both organic growth of the firearms segment driven by long firearms sales and the consolidation of Sellier & Bellot since the acquisition date of May 16, 2024. Geographically, growth was recorded mainly in Europe, including the Czech Republic and Ukraine, and in the USA.
- In 2024, the adjusted EBITDA[1] net of extraordinary items reached CZK 4,598.9 million, up by 50.9% y-o-y, in line with Company's guidance. The increase was driven by higher sales, a higher share of orders from the military and law enforcement segment, and especially the consolidation of the Sellier & Bellot acquisition.
- The 2024 adjusted net profit1 after tax reached CZK 1,933.2 million, which is 5.7% less compared to the same period in 2023. The decline in profit was primarily influenced by the result of financial operations, which was affected mainly by higher interest costs associated with acquisition financing.
- The number of firearms sold in 2024 increased by 2.0% compared to the same period in 2023, reaching 633 thousand units sold, primarily thanks to long firearms sales performance.
- As of December 31, 2024, the net leverage ratio was 2.26x and the Company achieved its further reduction compared to the levels during 2024.
- The Board of Directors will propose to the General Meeting a distribution of profit for 2024 as follows: approximately CZK 847 million will be distributed as a dividend payment of CZK 15 per share and CZK 847 million will be allocated to a share buy-back program.
"Preliminary results for 2024 are in line with our expectations, particularly regarding the organic growth of our firearms business and the successful contribution of the Sellier & Bellot acquisition," said Jan Drahota, Chairman of the Board of Directors of Colt CZ Group. "Nevertheless, we still see room to further improve our performance, in terms of both revenues and profitability. Our key focus for 2025 and beyond will remain on driving profitable growth, as cost efficiency is essential to the long-term competitiveness of our business. Given the results achieved, the Board of Directors decided to use the profit of approximately CZK 847 million to pay a cash dividend of CZK 15 per share and allocate CZK 847 million to a share buy-back program," Drahota added.
"I am happy to note that Colt CZ's full-year financial results for 2024 clearly show that the acquisition of Sellier & Bellot has delivered the expected value to the Group and that the synergies between the firearms and ammunition segments are materializing quickly. As the newly appointed CEO of the Group, I am fully committed to achieving the goals set for 2025," stated Radek Musil, CEO of Colt CZ Group.
Read full press release:
https://www.coltczgroup.com/en/media-press-releases/colt-cz-group-se-increased-revenues-to-czk-224-billion-in-2024
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