Morningstar

Arms Maker CSG Posts Jump in Revenue, Earnings as Europe Seeks to Rearm

Provided by Dow Jones

By Cristina Gallardo 




  Eastern European arms maker CSG posted a jump in revenue amid stronger demand for defense products and ammunition. 



  The Prague-based company said Thursday that revenue surged 72% to 6.74 billion euros ($7.79 billion) last year. 



  CSG, the second largest ammunition manufacturer in Europe, posted net profit of 694.1 million euros, an increase of around 35%. Pretax profit rose to 1.18 billion euros from 853.4 million euros in 2024. 



  The company is benefiting from a rise in global defense spending and greater demand for defense platforms and ammunition in Europe. The continent continues to provide military aid to Ukraine while aiming to replenish its own stockpiles. 



  The group's results were also driven by the integration of U.S. ammunition manufacturer the Kinetic Group, it said. 



  With a backlog of 15 billion euros, the company said it has financial visibility for several years, allowing it to predict earnings with more accuracy. 



  This is the first set of financial results published by CSG since its trading debut in Amsterdam in January. 



  The company makes armored vehicles, defense electronics, ammunition and advanced defense systems. It operates in Europe, the U.S. and Asia-Pacific, and supplies the North Atlantic Treaty Organization. 



  CSG backed its guidance for 2026, including a target for revenue of between 7.4 billion and 7.6 billion euros. 





  Write to Cristina Gallardo at cristina.gallardo@wsj.com 





  (END) Dow Jones Newswires



  March 26, 2026 03:27 ET (07:27 GMT)


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