Colt CZ Group SE: Year-on-year revenue growth, profit decline
- Revenue growth: Holding Colt CZ Group SE reported revenues of CZK 3.667 billion for the first quarter of this year, up 21.7 percent year-on-year. This growth indicates a positive development of the Group's business activities.
- Declining profits: The Armaments Group's adjusted net profit amounted to CZK 359.9 million, a decrease of 47.8 percent compared to the same period of the previous year. This decrease may be due to various factors, including expansion costs, changes in the market environment or investments in innovation and development.
That's not very nice. I bought a Colt for the first time last week, so I'm going to leave it there for now and see what it did in a few months. Overall I see potential there and even though the hype has died down as Christopher writes, I still think their stock will continue to rise.
Zbrojovka are interesting enough in their own right, but it seems to me that their hype has waned quite a bit in the last year. Do you have any stocks from this sector like $LMT?