CSG NV First‑Half 2026 Financial Performance
CSG NV (AS:CSG), the Czech defence manufacturer, announced a sharp increase in first‑half profit, driven by robust demand for ammunition and land‑system products. Revenue for the six months ended 30 June 2026 rose 17.2% year‑on‑year to €3.25 billion (approximately $3.77 billion). Operating EBIT increased 12.7% to €784 million, reflecting improved margins across its defence portfolio.
Net profit from continuing operations surged 84.8% to €572 million. The profit acceleration was underpinned by a 27% increase in Defence Systems revenue, as governments continued to replenish defence stockpiles and raise military spending.
The company reported that its total order backlog and pipeline under negotiation expanded to €46 billion, up from €44 billion at the end of March, supported by continued order wins in Europe and the United States.
CSG reaffirmed its full‑year outlook, maintaining a revenue forecast of €7.4 billion to €7.6 billion and an operating EBIT margin target of roughly 24% to 25%. The firm expects growth to be driven primarily by its Land Systems and medium‑ and large‑calibre ammunition businesses, alongside improving conditions in its U.S. Ammo+ operations and higher production capacity supporting earnings in the second half of the year.
Strategically, CSG highlighted progress on its expansion plan through new joint ventures, investments in advanced defence technologies, and a broader presence in the United States.