Investment Case
Delivering sustainable growth through vertical integration, strategic acquisitions, and innovation.
NOTICE: This Investor Relations website is being launched in phases. Additional modules and information will be added in due course.
Financial reports & results
A central repository for the latest financial information for investors and analysts. This section includes our annual and other financial reports as well as regulatory disclosures. We also provide investor presentations that offer deeper insights into our business development, key milestones and long-term vision.
Financial reports
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Financial Performance & Strategic Outlook
Our financial performance
Discover CSG’s financial performance and strategic direction. In this section, you can view the development of financial results of the Group and its two divisions - CSG Defence Systems and CSG Ammo+.
We will also keep you informed about all upcoming announcements and important events with our financial calendar, designed to keep investors, analysts and stakeholders fully aligned with our progress throughout the year.
Key financial figures
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| CSG Group | 2023 | 2024 | 2025 |
|---|---|---|---|
Sales (Mil. EUR) | 1734 | 4009 | 6741 |
Operating EBITDA (Mil. EUR) | 439 | 1079 | 1782 |
Operating EBITDA margin (%) | 25 | 27 | 26 |
Operating EBIT (Mil. EUR) | 378 | 1013 | 1626 |
Operating EBIT margin (%) | 22 | 25 | 24 |
| CSG Defence Systems | 2023 | 2024 | 2025 |
Sales (Mil. EUR) | 1288 | 3443 | 5346 |
Operating EBITDA (Mil. EUR) | 358 | 988 | 1537 |
Operating EBITDA margin (%) | 28 | 29 | 29 |
Operating EBIT (Mil. EUR) | 333 | 964 | 1502 |
Operating EBIT margin (%) | 26 | 28 | 28 |
| CSG Ammo+ | 2023 | 2024 | 2025 |
Sales (Mil. EUR) | 368 | 482 | 1395 |
Operating EBITDA (Mil. EUR) | 64 | 80 | 231 |
Operating EBITDA margin (%) | 17 | 17 | 17 |
Operating EBIT (Mil. EUR) | 38 | 50 | 117 |
Operating EBIT margin (%) | 10 | 10 | 8 |
investor presentation
Analyst Consensus
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| Group financials | Mean 25E | Mean 26E | Mean 27E | Low 25E | Low 26E | Low 27E | High 25E | High 26E | High 27E |
|---|---|---|---|---|---|---|---|---|---|
Revenue (Mil. EUR) | 6,436 | 7,535 | 8,753 | 6,411 | 7,416 | 8,510 | 6,460 | 7,598 | 9,007 |
Adjusted EBIT (Mil. EUR) | 1,577 | 1,868 | 2,251 | 1,567 | 1,820 | 2,168 | 1,601 | 1,916 | 2,396 |
Adjusted EBIT margin (%) | 24.5% | 24.8% | 25.7% | 24.4% | 24.4% | 24.8% | 24.9% | 25.3% | 26.6% |
Net profit (attributable) (Mil. EUR) | 721 | 1,162 | 1,458 | 702 | 1,060 | 1,322 | 779 | 1,280 | 1,592 |
Net debt (Mil. EUR) | 3,070 | 1,520 | 907 | 2,989 | 1,357 | 682 | 3,184 | 1,651 | 1,324 |