Czechoslovak Group Ammo Sales Slip in H1
Czechoslovak Group’s Ammo+ segment revenue dropped 12% to €631 million ($734 mm) for the first half, as the U.S. commercial channel slowdown early in the year continued to improve from late Q1 onward. The segment accounted for 19% of total revenue for the half. The improving demand and firmer pricing in the U.S. helped push Q2 revenue to a 17% gain. The U.S. accounted for 80% of Ammo+ revenue in the half, followed by Europe excluding Ukraine at 13% and Rest of World at 7%. The Civilian channel made up 79% ... Log in to view full article.