Colt CZ Group
Colt CZ Group SE (formerly Česká zbrojovka Group - CZG) is a holding company for the Czech firearms and related industries based in Prague, Czech Republic.[4] Its principal firearms brands are Česká zbrojovka (CZUB), CZ-USA and Colt.
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Type | Societas Europaea |
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ISIN | CZ0009008942 |
Industry | Firearms |
Founded | 10 January 2013 |
Headquarters | , |
Key people | Jan Drahota (Chairman and President)[1] |
Products | Firearms |
Brands | Česká zbrojovka Colt Dan Wesson Firearms Zbrojovka Brno 4M Systems[2] |
Revenue | 10,69 CZK billion (2021) US$492.809 million |
1,0 CZK billion (2021) 1,1 CZK billion (2020) | |
760,5 CZK million (2021) 676,6 CZK million (2020) | |
Total assets | 17 CZK billion (2021) 8,8 CZK billion (2020) |
Owner | Česká zbrojovka Partners SE[3] |
Number of employees | 2,196 (2021) 1,673 (2020) |
Subsidiaries | Česká zbrojovka Uherský Brod Colt Holding Corporation CZ Export CZ-AUTO CZ - AUTO Systems 4M Systems |
Website | www |
In June 2020, the holding company listed its shares on the Prague Stock Exchange with a view of funding an expansion in the United States.[5] The first trading took place in September of the same year.[6][7]
On 11 February 2021 the company announced the acquisition of the Colt Holding Company, (the parent company to the Colt's Manufacturing Company) for $220 million, enabling further expansion into the U.S. market.[8][9] Česká zbrojovka Group completed the purchase on 24 May 2021 and renamed itself Colt CZ Group SE on 12 April 2022.[10][11]
The company's dividend policy estimates the level of an payout to the shareholders at a third of the company's net profit. In 2020 this constituted a payment of CZK 7.50 per single share, considerably increasing to CZK 25 per s/s in 2021.[12]
References
- "About us - CZ Group". Česká zbrojovka Group. Retrieved 15 April 2020.
- "Brands - CZ Group". Česká zbrojovka Group. Retrieved 15 April 2020.
- "Czech gunmaker CZG's scaled-down IPO secures cash for U.S. plant". Reuters. 2 October 2020. Retrieved 2 October 2020.
- "CZG - Česká zbrojovka Group SE , Praha IČO 29151961 - Obchodní rejstřík firem" (in Czech). Kurzy.cz. Retrieved 15 April 2020.
- "Shares of CZG – Česká zbrojovka Group SE will be listed on the Prague Stock Exchange" (Press release). Česká zbrojovka Group. 31 May 2020. Retrieved 31 May 2020.
- "Česká zbrojovka Group vstupuje na burzu". Investice.cz (in Czech). 18 September 2020. Retrieved 25 September 2020.
- "Česká zbrojovka Group nabízí akcie na burze. Za výnos postaví továrnu v USA". iDNES.cz (in Czech). 22 September 2020. Retrieved 25 September 2020.
- "Česká zbrojovka Group SE to acquire Colt" (Press release). Česká zbrojovka Group. 11 February 2021. Retrieved 11 February 2021.
- "Czech gunmaker CZG buys Colt in cash and stock deal". Reuters. 12 February 2021. Retrieved 13 February 2021.
- "Česká zbrojovka Group SE Announces Closing of the Acquisition of Colt" (Press release). Česká zbrojovka Group. 24 May 2021. Retrieved 24 May 2021.
- "CZG - Česká zbrojovka Group Has Changed Its Name to Colt CZ Group SE" (Press release). Colt CZ Group. 12 April 2022. Retrieved 21 April 2022.
- "Colt CZ Group SE announces approval of dividend payment for the year 2021" (Press release). Colt CZ Group. 31 May 2022. Retrieved 29 December 2022.