Czech group CSG's revenue, profits soar on defence spending amid Ukraine war [Yahoo! Finance]
Vista Outdoor Inc. (VSTO)
Last vista outdoor inc. earnings: 2/6 06:55 am
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Source: Yahoo! Finance
before interest, tax and amortisation (EBITDA) more than doubled due to rising demand for military equipment, the company said on Wednesday. The maker of heavy military equipment and large-caliber ammunition - in high demand due to the war in Ukraine - said increasing defence budgets provided potential for revenue growth in the coming years. Revenue rose to 1.73 billion euros ($1.88 billion) in 2023. EBITDA jumped by 130% to 439 million, the company said, while net profit climbed by 49% to 210 million euros. CSG, owned by Czech businessman Michal Strnad, 31, has been investing into raising its ammunition production at its plants in Slovakia and Spain, and has also played an important role in western efforts to procure and supply military material to Ukraine. The company is also in the process of a $1.91 billion all-cash acquisition of the Sporting Products division of U.S.-based Vista Outdoor, since renamed as Kinetic Group, which includes its guns and ammunition production bu
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VSTO
Earnings
- 1/31/24 - Miss
VSTO
Sec Filings
- 5/3/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- VSTO's page on the SEC website