A slowdown in the U.S. commercial channel drove sales at the Ammo+ segment down 21% to €291 million from €366 million for Q1, accounting for 19% of enterprise revenue at CSG, before turning the corner to meaningful demand recovery later in the period. The U.S. accounted for 80% of segment sales, while Europe, excluding Ukraine, made up 11%, and the Rest of World accounted for the balance. By channel, results skewed 82% Civil and 18% Defense.

Segment operating EBIT fell 69% to €13 ... Log in to view full article.