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Czechoslovak Group plans stock-market listing amid Europe defense boom
- CSG plans an Amsterdam stock market listing in the coming weeks to boost visibility and fund future growth.
- The company targets about €30 billion valuation and plans €750 million in new shares.
- Investors include Artisan Partners, BlackRock funds, and Qatar's Al-Rayyan Holding backing the IPO.
- CSG sees growth in Europe and the UK and expects a defense spending supercycle to boost demand.
- CSG cites expertise in land vehicles, weapons, defense electronics, and unmanned systems as aligned with customer priorities.
- Michal Strnad will remain chairman and CEO as owner of CSG.
- CSG reported €14 billion order backlog at end of September and nine-month revenue of €4.5 billion.
- Europe accounted for 75% of CSG revenue in the period; Ukraine 26% of sales.
- CSG aims to grow its core addressable market in Europe and the UK by more than 10% annually through 2030.
- CSG positions as Europe’s second-largest supplier of medium and large-caliber ammunition and the world’s largest small-caliber producer.
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