Armament: Czech ammunition group CSG withdraws profit forecast - share plummets
CSG cuts its profit forecast because the prices for ordinary ammunition are falling. The order backlog has reached a record high - but the margins are low.
CSG, a Czech arms company, has lowered its profit forecast for the current year due to declining prices for standard ammunition and a higher share of less profitable tank business. The company's revenue margin is expected to be around 21% in 2026, down from the previously expected 24-25%. CSG's sales are still forecast to be between 7.4 and 7.6 billion euros.
The company's stock plummeted by 17.7% after the announcement. In the first nine months of the year, CSG's revenue rose by 6% to 4.76 billion euros, while its adjusted EBIT grew by 0.4% to 1.1 billion euros.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
