The Group said it has received cornerstone commitments totalling €900 million from Artisan Partners, certain funds and accounts managed by BlackRock, and Al-Rayyan Holding, a wholly owned subsidiary of the Qatar Investment Authority, subject to customary conditions and the successful completion of the IPO. Net proceeds from the issuance of new shares will be used for general corporate purposes, while proceeds from the sale of existing shares will accrue to the selling shareholder.
Based in Prague, CSG operates across Europe, the United States and other regions including Asia Pacific, and supplies defence products to customers in more than 70 countries worldwide, with approximately 68 per cent of revenues derived from NATO countries. The Group is the second-largest producer of medium- and large-calibre ammunition in Europe and the largest small-calibre ammunition producer globally by sales, supported by 39 manufacturing facilities and long-term contracts that typically run for several years.
As of 30 September 2025, CSG reported a confirmed backlog of around €14 billion and total opportunities of approximately €32 billion, comprising backlog and pipeline under negotiation, providing strong visibility for future revenues. For the nine months ended September 2025, the Group recorded revenues of €4.5 billion and an adjusted operating EBIT margin of 24.5 per cent, reflecting what it describes as a track record of strong profitability relative to European defence peers.
Commenting on the planned listing, chairman Michal Strnad said: “CSG has successfully grown through organic growth and strategic acquisitions to become one of the leading global defence groups, supplying a diversified range of products to key long-term customers in Europe, the United States and other regions including Asia Pacific.” He added: “We believe an IPO of CSG would elevate the profile of the Group within the international investment community, providing additional financial flexibility and diversity of funding sources to support further growth.”
