Global Industrial & Defence Leader

Delivering sustainable growth through vertical integration, strategic acquisitions, and innovation.
metalic motive CSG

Key financial highlights

4.5
B EUR
Consolidated Revenues
1.1
B EUR
Adjusted Operating EBIT
24.5
%
EBIT Margin
1.1
B EUR
Adjusted Operating EBIT
24.5
%
EBIT Margin
4.5
B EUR
Consolidated Revenues
investment case
Market leader
A Market Leader

CSG is a leading European defence group, recognised as the second largest producer of medium- and large-calibre ammunition in Europe and the largest global producer of small-calibre ammunition by sales. The Group has rapidly expanded its scale and capabilities through significant organic growth and strategic acquisitions, establishing itself as a diversified manufacturer with a strong international presence.

Record Order Backlog
Earnings Visibility

CSG benefits from strong revenue visibility, supported by a substantial order backlog and long-term contracts with government and institutional customers. The Group’s position as a critical supplier to NATO and allied governments is reinforced by multi-year agreements, providing robust forward earnings certainty.

Vertical Integration
Vertical Integration

The Group is highly vertically integrated, controlling key stages of its supply chain for both ammunition and defence systems. In-house production of critical components and strategic investments in raw materials and manufacturing ensure supply security, operational efficiency, and margin enhancement.

Work bag
Diversified Portfolio

CSG operates a diversified business model across defence systems, ammunition, and related technologies, serving both government and civil markets. This balanced portfolio reduces risk and provides resilience, enabling the Group to capture opportunities across multiple sectors and geographies.

Robust Financial Performance
Robust Financial Performance

The Group demonstrates strong financial performance, with consistent growth in revenues, profitability, and cash generation. Operational excellence, disciplined capital allocation, and a prudent approach to leverage underpin CSG’s financial stability and support ongoing investment.

Global Presence
Global Presence

CSG has an extensive global footprint, supplying products to customers in over 70 countries and maintaining manufacturing sites across Europe and North America. Its broad customer base, including NATO and allied governments, underpins strong export potential and positions the Group to benefit from rising global defence spending.

Our Strategy for Growth

Sustainability (ESG)

Modernizing production to reduce carbon footprint and ensuring responsible corporate governance in the defence sector.

Expansion

Entering new geographic markets (US, Western Europe) and strengthening our position in the global supply chain.

Innovation

Investing in advanced technologies, digitalisation of production, and AI-driven defense systems.

CSG Investor Factsheet

CSG Investor Factsheet

We have crafted a cohesive sustainability strategy at the top level, encapsulating a suite of eight strategic objectives and sixteen targeted activities. This robust framework is designed not only to mitigate environmental impacts but also augment quality of life for the Group’s employees and the wider community that we engage with.

Download Factsheet PDF
CSG building
100 years of industry

Czechoslovak industry and engineering have always been among the world's best.

The old era
1800 - 1820
A new era
2000
200120022003
2000
We are a partner of the conference "Our security is not a given. Our security is not"
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CSG is the general partner of the 10th edition of the conference "Our security is not a given".

2001
We are a partner of the conference "Our security is not a given. Our security is not"
NaN, Invalid Date

CSG is the general partner of the 10th edition of the conference "Our security is not a given".

2002
We are a partner of the conference "Our security is not a given. Our security is not"
NaN, Invalid Date

CSG is the general partner of the 10th edition of the conference "Our security is not a given".

2003
We are a partner of the conference "Our security is not a given. Our security is not"
NaN, Invalid Date

CSG is the general partner of the 10th edition of the conference "Our security is not a given".

Owner of the Czechoslovak Group

We are building on the heritage of our ancestors who laid the foundations of modern industry.

Person

Michal Strnad

Chairman of the Board and owner of the CSG

SHAREHOLDER VALUE

Creating shareholder value through disciplined capital allocation and growth.

Dividend Policy

We are committed to a consistent policy that rewards our investors while maintaining financial stability and operational improvements.

SEE DIVIDEND POLICY

Analyst Coverage

Access independent insights, financial forecasts, and ratings from leading financial institutions covering CSG.

VIEW ANALYST COVERAGE