CSG Group
Czechoslovak Group (CSG) is a global industrial and technology group based in the heart of Europe, building on the heritage of Czechoslovak industry.
CSG Reinforced Its Status as the Fastest-Growing Major Defence Company in Europe
In 2024, CSG strengthened its leadership in the global defence industry by expanding production capacity and enhancing operational efficiency. Revenues from Ukraine quadrupled to €1.7 billion from €0.4 billion. In European Union markets, CSG saw a 90% increase in revenues, reaching €1 billion, while in its home market of the Czech Republic, revenues nearly doubled to €0.5 billion. The acquisition of The Kinetic Group increased US revenues. Pro-forma figures indicate a potential annual contribution of €1.3 billion. Consolidated figures, which include only one month of The Kinetic Group’s results (December), show a 16% revenue increase to €0.3 billion.
Consolidated Revenues
4.0
B EUR
A 131% increase from €1.7 billion in 2023
Consolidated Operating EBITDA
1.1
B EUR
A 146% increase from €0.4 billion in 2023
EBITDA Margin
26.9
%
Stable above 25%
Pro-forma Revenues
5.2
B EUR
Revenues (pro-forma with The Kinetic Group for the full year)
Pro-forma Operating EBITDA
1.4
B EUR
Operating EBITDA (pro-forma with The Kinetic Group for the full year)
Backlog
11+
B EUR
A Foundation for Future Growth
Strategic Growth and Global Expansion
Europe stands at a pivotal moment where the defence industry is no longer just an economic sector but a cornerstone of our sovereignty and security. The dramatic rise in defence spending across the continent reflects a clear recognition of this reality, and CSG’s record-breaking results in 2024 prove we are ready to meet this historic challenge. Our growth is not just about numbers—it’s about ensuring that Europe’s democracies have the tools to protect freedom in an increasingly unstable world.
Zdeněk Jurák
Chief Financial Officer
In 2024, CSG strengthened its position as Europe’s fastest-growing major defence company, more than doubling both revenue and EBITDA through organic growth and strategic investments. Our low debt levels, even after the landmark acquisition of The Kinetic Group, demonstrate strong cash flow and disciplined financial management. The Group’s backlog, exceeding €11 billion, underscores our ability to secure long-term contracts and our position as a trusted partner in global defence markets.
Petr Formánek
Chief Investment Officer
Thanks to the acquisition of The Kinetic Group, we have become a leader in small-caliber ammunition manufacturing in the Western market. This strategic move has not only diversified our business but also strengthened our position as a key supplier to NATO armed forces and their allies. We are investing in innovation, expanding our production capabilities, and reinforcing our global network — all with the goal of ensuring the long-term stability and growth of the entire CSG Group.
Serge Damian
Chief Sustainability Officer
As part of our ESG efforts, we are reporting for the first time in accordance with the requirements of the CSRD directive and the European ESRS standards. This important milestone reflects the Group’s increasing focus on transparency and a responsible approach to managing environmental, social, and governance aspects of our business. CSG has also carried out a detailed calculation of its carbon footprint across all emission categories – Scopes 1, 2, and 3. All non-financial information has been verified by an independent auditor.
Investor Relations Contact
For more information or investment materials, please contact our investor relations representative, who is ready to answer your questions.
Zdeněk Jurák
CFO
About ESG
Sustainability in CSG
CSRD Aligned
Full ESG disclosures prepared under ESRS, including sector-specific double materiality assessment.
Verified by Independent Auditor
All non-financial data externally verified.
Carbon Footprint
Emise CO₂ emissions calculated across Scopes 1, 2, and 3.
CSG Sustainability Contact
If you have any questions about our sustainability goals, please contact us.
Serge Damian
CHIEF SUSTAINABILITY OFFICER
“
Our ambition is to build CSG into one of the two most significant defence industry companies in Europe.
Michal Strnad
Chairman of the Board and owner of CSG Group
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