Recently acquired Sellier & Bellot gave a big boost to the Czech firearms maker’s top line, which increased 73% in the third quarter to CZK 5,281,880,000 ($230.3 mm) from CZK 3,050,310,000 last year. Net income declined 80% to CZK 99,039,000 ($4.3 mm) from CZK 491,450,000, however, on rising interest payments and other financial adjustments. Handgun unit sales increased 6% to 83,294, while long guns inched up 1% to 56,527 in Q3. The newly designated ammunition segment contributed CZK 2,090.8 million of the total revenues.

Incremental ammo sales and a recovering commercial market ... Log in to view full article.