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Article Date: March 2023
Word Count: 391

Colt CZ Group Improves despite U.S. Weakness

The final quarter’s bottom line soared to a CZK 706,296,000 ($29.5 mm) profit from a loss of CZK 140,519,000 prior, as revenues grew by 42% to CZK 4,369,871,000 ($182.7 mm) from CZK 3,086,929,000. Commercial sales in the important U.S. market plunged, dropping 27% in the quarter, but that was more than offset by strong growth to military and law enforcement customers around the world. Sales to the home Czech market jumped 248%, with Canada up 353%, Europe growing 40%, and Africa gaining 10%, but Asia sales slipped 12%. Long gun unit ... Log in to view full article.


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