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Article Date: March 2024
Word Count: 432

Colt CZ Group Guides for Strong 2024 Growth


Strength in military and law enforcement firearm sales more than offset weak commercial sales last year and contributed to a strong finish for the parent of Colt and CZ, growing sales 13% in Q4 to record CZK 4,945,035,000 ($216.9 mm) from CZK 4,369,871,000. Profits slipped 29% to CZK 504,933,000 ($22.2 mm) from CZK 706,296,000, as raw material used, services cost and personnel expenses were all higher. U.S. sales increased 32%, rebounding from a 27% drop the year before, while Europe grew 44% and Asia more than quadrupled. The home Czech market ... Log in to view full article.

 


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