Strnad's Czechoslovak Group tripled its profit to CZK 13.2 billion last year | ČeskéNoviny.cz

Czech arms companies are recording record results. The Czechoslovak Group holding tripled its net profit year-on-year last year, earning over thirteen billion crowns. Other companies in the sector are also doing well. The companies also expect to grow even more this year.

Businessman Michal Strnad's Czechoslovak Group (CSG) tripled net profit last year to 526.1 million euros (about 13.2 billion CZK, according to the Czech National Bank's average rate for 2024). Its sales more than doubled to around four billion euros (100.5 billion CZK). On...

Prague - The Czechoslovak Group (CSG) company of entrepreneur Michal Strnad tripled its net profit last year to 526.1 million euros (about 13.2 billion CZK according to the average exchange rate of the Czech National Bank for 2024). Its sales more than doubled to approximately four billion euros (100.5 billion CZK). The defense sector accounted for 83.6 percent of sales. This is according to the company's annual report published today.