Not just Lecco
Appetite comes with eating. This well-known idiom fits perfectly if you want to describe the ambitions of Czechoslovak Group (simply known by the acronym CSG), the Czech holding company that has just taken over 70% Fiocchi Ammunition. The horizon of the company active in various strategic sectors goes beyond the city of Lecco, as confirmed by the owner Michal Strnad during an interview with the Reuters news agency.
The other goals of the group
According to Strnad, Fiocchi will guarantee a good chunk of CSG's upcoming EBITDA, to be precise, almost $110 million. Now attention has been turned to both Western Europe and the United States, again to strengthen with other ammunition manufacturers. We are aiming for companies even larger than Fiocchi, despite the fact that valuations are not easy at the moment.
Very solid revenues
The economic situation of the Czech group is as solid as ever. In the first six of this year, just to give an example, CSG's revenues doubled, almost 14 billion crowns. The trend should then have continued in the second half of 2022, therefore a more than positive announcement in this sense should be expected shortly.