UPDATE 1-Czech group CSG's 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
PRAGUE, April 10 (Reuters) - Czechoslovak Group (CSG) more than doubled its core earnings in 2023 on rising demand for military equipment, the defence and industrial manufacturer said on Wednesday. The Czech maker of heavy military equipment and large-caliber ammunition, in demand due to the war in Ukraine, said increasing defence budgets provided potential for revenue growth in the coming years. Its earnings before interest, tax and amortisation (EBITDA) jumped by 130% to 439 million euros ($476 million) on revenue up 71% to 1.73 billion. It posted a net profit of 210 million euros, up 49%. The company, which employs more than 10,000 at 37 sites in Europe and the United States, said defence accounted for more than 70% of its revenue. Owned by Czech businessman Michal Strnad, 31, the company has been investing in ammunition production at its plants in Slovakia and Spain, and has played an important role in Western efforts to procure and supply military material to Ukraine.
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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