Colt CZ Group
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Company type | Societas Europaea |
---|---|
Traded as | PSE: CZG |
ISIN | CZ0009008942 |
Industry | Firearms |
Founded | 10 January 2013; 11 years ago (2013-01-10) |
Headquarters | Prague , Czech Republic |
Key people | Jan Drahota (Chairman and President)[1] |
Products | Firearms |
Brands | Česká zbrojovka Colt Dan Wesson Firearms Zbrojovka Brno 4M Systems[2] Sellier & Bellot |
Revenue | 10,69 CZK billion (2021) US$492.809 million |
1,0 CZK billion (2021) 1,1 CZK billion (2020) | |
Net income | 760,5 CZK million (2021) 676,6 CZK million (2020) |
Total assets | 17 CZK billion (2021) 8,8 CZK billion (2020) |
Owner | Česká zbrojovka Partners SE[3] |
Number of employees | 2,196 (2021) 1,673 (2020) |
Subsidiaries | Česká zbrojovka Uherský Brod Colt Holding Corporation CZ Export CZ-AUTO CZ - AUTO Systems 4M Systems Sellier & Bellot |
Website | www |
Colt CZ Group SE (formerly Česká zbrojovka Group - CZG) is a holding company for the Czech firearms and related industries group based in Prague, Czech Republic.[4] Its principal firearms brands are Česká zbrojovka (CZ), CZ-USA, and Colt.
In June 2020, the holding company listed its shares on the Prague Stock Exchange with a view of funding an expansion in the United States.[5] The first trading took place in September of the same year.[6][7]
On 11 February 2021 the European company announced the acquisition of the Colt Holding Company (the parent company to the Colt's Manufacturing Company from the US) for $220 million, enabling further expansion into the U.S. market.[8][9] Česká zbrojovka Group completed the purchase on 24 May 2021 and renamed itself Colt CZ Group SE on 12 April 2022.[10][11]
The company's dividend policy estimates the level of a payout to the shareholders at a third of the company's net profit. In 2020 this constituted a payment of CZK 7.50 per single share, considerably increasing to CZK 25 per s/s in 2021.[12]
On December 18, 2023 CZ Group SE announces that it executed an agreement with CBC Europe S.à r.l. to purchase 100% interest in Sellier & Bellot a.s.[13]
January 3, 2024 Colt CZ Group has acquired ownership of the Mk 47 Striker 40mm Advanced Lightweight Grenade Launcher system from General Dynamics Ordnance and Tactical Systems (GD-OTS).[14]
On July 16, 2024, the Governments of Ukraine and the Czech Republic signed two agreements on the joint production of weapons at a joint meeting in Prague. Česká zbrojovka will supply Ukraine with all the parts from which the CZ BREN 2 rifles are assembled.[15][16]
References
- ^ "About us - CZ Group". Česká zbrojovka Group. Retrieved 15 April 2020.
- ^ "Brands - CZ Group". Česká zbrojovka Group. Retrieved 15 April 2020.
- ^ "Czech gunmaker CZG's scaled-down IPO secures cash for U.S. plant". Reuters. 2 October 2020. Retrieved 2 October 2020.
- ^ "CZG - Česká zbrojovka Group SE , Praha IČO 29151961 - Obchodní rejstřík firem" (in Czech). Kurzy.cz. Retrieved 15 April 2020.
- ^ "Shares of CZG – Česká zbrojovka Group SE will be listed on the Prague Stock Exchange" (Press release). Česká zbrojovka Group. 31 May 2020. Retrieved 31 May 2020.
- ^ "Česká zbrojovka Group vstupuje na burzu". Investice.cz (in Czech). 18 September 2020. Retrieved 25 September 2020.
- ^ "Česká zbrojovka Group nabízí akcie na burze. Za výnos postaví továrnu v USA". iDNES.cz (in Czech). 22 September 2020. Retrieved 25 September 2020.
- ^ "Česká zbrojovka Group SE to acquire Colt" (Press release). Česká zbrojovka Group. 11 February 2021. Retrieved 11 February 2021.
- ^ "Czech gunmaker CZG buys Colt in cash and stock deal". Reuters. 12 February 2021. Retrieved 13 February 2021.
- ^ "Česká zbrojovka Group SE Announces Closing of the Acquisition of Colt" (Press release). Česká zbrojovka Group. 24 May 2021. Retrieved 24 May 2021.
- ^ "CZG - Česká zbrojovka Group Has Changed Its Name to Colt CZ Group SE" (Press release). Colt CZ Group. 12 April 2022. Retrieved 21 April 2022.
- ^ "Colt CZ Group SE announces approval of dividend payment for the year 2021" (Press release). Colt CZ Group. 31 May 2022. Retrieved 29 December 2022.
- ^ "COLT CZ GROUP SE ACQUIRES TRADITIONAL CZECH MANUFACTURER OF SMALL CALIBER AMMUNITION SELLIER & BELLOT". www.coltczgroup.com. 18 December 2023. Retrieved 2024-06-05.
- ^ "COLT CZ GROUP SE ACQUIRES THE MK 47 AUTOMATIC GRENADE LAUNCHER SYSTEM TECHNOLOGY". www.coltczgroup.com. 3 January 2024. Retrieved 2024-06-05.
- ^ "Spolupráce s Ukrajinou je oboustranně výhodná, shrnul Fiala vládní konzultace | ČeskéNoviny.cz". www.ceskenoviny.cz (in Czech). Retrieved 2024-07-16.
- ^ "Czech Republic to supply Ukraine with complete set of CZ BREN 2 rifle parts". Ukrainska Pravda. Retrieved 2024-07-16.
External links
- Official website
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