Colt CZ Achieves Record Revenues in 2022 Due to Increased Gun Sales and Consolidation

Colt CZ Group SE announced record revenues of nearly CZK 14.6 billion in 2022, a year-on-year increase of 36.5 percent, mainly due to increased gun sales and consolidation of Colt’s revenues. The net profit of the arms group after tax for the past year exceeded CZK 2 billion, an increase of 167.5 percent compared to 2021.

According to the preliminary consolidated unaudited financial results of the holding company, which Colt CZ published in a press release on Thursday, the number of guns sold by the group last year increased by 10.5 percent to 693,391. Short firearms accounted for over 58 percent of sales, while long firearms accounted for almost 42 percent.

The adjusted EBITDA indicator, cleansed of exceptional items, increased by 55.2 percent year-on-year to around CZK 3.4 billion. EBITDA is the economic result before the inclusion of interest, taxes, and depreciation.

In a statement, the company’s CEO, Martin Debelka, attributed the solid financial performance to increased demand for guns and ammunition due to concerns about personal safety and rising crime rates.

“We are proud to report these record revenues, which demonstrate our commitment to providing quality firearms and ammunition to our customers,” he said.