Czech-based defense company CSG anticipates sustained double-digit growth as European nations ramp up military spending. The firm reported a 131% revenue increase in 2024, reaching €4 billion, with EBITDA rising 146% to €1.1 billion. CSG currently holds an €11 billion backlog, primarily in large-calibre ammunition and armored vehicle orders. CFO Zdenek Jurak expressed confidence in long-term growth, citing the continued surge in defense sector investment. The company expects to benefit significantly from Europe’s ongoing rearmament efforts.
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