The Czech defence company CSG, owner of the Granada Ammunition Factory, obtained net profit of 721 million euros in the first nine months of the year, which represents an increase of 40.9% compared with the same period of the previous financial year.
At the same time, group revenue advanced by 6.1%, reaching 4,761 million euros, while this defence sector company’s operating result stood at 1,221 million euros, slightly above that recorded one year earlier.
The order book of the Czech group rose to 18,000 million euros, above the 15,000 million euros with which it closed 2025, with land systems as the main driver of this order book. In this context, the sum of the total order book and projects under negotiation reaches a value of 47,000 million euros.
Development by business division
By area, the defence systems division generated revenues of 3,793 million euros in the first nine months of 2026, 9.5% more year-on-year. Within this, medium and large calibre ammunition (M/L Ammunition) contributed 3,034 million euros, 10.3% more, while land systems (Land Systems) added 678 million euros, with growth of 15.8%. By contrast, the Aerospace & Defence Electronics area billed 77 million euros in the period, 40% less.
On the other hand, the CSG Ammo+ division recorded revenues of 971 million euros, which represents a 4.7% decline compared with 2025.
The company has reiterated its guidance for the full year and maintains its revenue target for 2026 in a range between 7,400 and 7,600 million euros. However, it has noted that, due to the extension of delivery timelines for long-range ammunition and land systems, some of the supplies will ultimately be moved to 2027.
"CSG continues to be very well positioned to benefit from the current and long-term dynamics of the defence market in Europe and beyond, as well as to meet the demand - sustained and growing - that we are seeing for our solutions. We maintain the course towards good performance over the full year," said the chairman and chief executive officer of CSG, Michal Strnad.