Czech group CSG’s revenue, profits soar on defence spending amid Ukraine war

Revenue at Czech defence and industrial manufacturer Czechoslovak Group (CSG) rose by 71% last year while earnings before interest, tax and amortisation (EBITDA) more than doubled due to rising demand for military equipment, the company said on Wednesday. The maker of heavy military equipment and large-caliber ammunition – in high demand due to the war in Ukraine – said increasing defence budgets provided potential for revenue growth in the coming years.