Record IPO

The total volume of the IPO reached EUR 3.304 billion – 30 million new shares worth EUR 750 million and 102.2 million existing shares from CSG FIN. Demand for the shares was extremely strong, with Bloomberg reporting that the subscription process was completed in about 12 minutes. Additionally, it is crucial for the company and investors that institutional investors from around the world, including Qatar Investment Authority and BlackRock, have committed to investing nearly EUR 900 million.

Performance of CSG shares since its stock market debut

As a result, Michal Strnad, founder and majority shareholder, became the wealthiest Czech, with his stake in CSG valued at over CZK 650 billion. Most importantly, the success of CSG’s IPO proves that the defense sector is now an essential part of both geopolitical and economic stability.

Strategic Position

According to statistics compiled by Reuters, CSG is now one of the fastest-growing players in the global defense industry. With a presence in more than 70 countries and 39 manufacturing plants in Europe, the USA, and India, CSG is a key supplier for NATO states and other global markets. The company’s core segments—armored vehicles and ammunition—are crucial pillars of its growth, supported by large export contracts and growing demand for defense technologies.

The company’s performance is reflected in its financial results. For the first nine months of 2025, CSG reported revenues of EUR 4.49 billion, representing a 82.4% year-on-year growth. Moreover, growth is further supported by unaccounted orders worth EUR 14 billion, ensuring stable income for the upcoming period.

Outlook and Further Growth

From an investment perspective, it is favorable that the company is forecasting further growth. Revenues in 2026 are expected to reach between EUR 7.4 and 7.6 billion, with an EBIT margin of 24 to 25%, reflecting exceptionally efficient business processes. In comparison, for 2025, revenues are expected to exceed EUR 6.4 billion, with an additional EUR 18 billion in ongoing negotiations. [1]

Long-Term Investment Perspective

Investing in Czechoslovak Group is now seen by investors as an investment in security and stability. With increasing defense budgets and persistent geopolitical tensions, the defense industry is becoming one of the key long-term opportunities. As a result, CSG, with its strong position and growth, represents an attractive portfolio diversification opportunity. [2]

*Data relating to the past are not a guarantee of future returns.

[1,2] Forward-looking statements are based on assumptions and current expectations that may not be accurate, or based on the current economic environment, which may change. These statements do not guarantee future performance. Forward-looking statements by their nature involve risk and uncertainty, as they relate to future events and circumstances that cannot be predicted, and actual developments and results may differ materially from those expressed or implied in any forward-looking statements.

Disclaimer! This marketing material is not and must not be understood as investment advice. Data relating to the past are not a guarantee of future returns. Investing in foreign currencies may affect returns due to exchange rate fluctuations. All securities transactions may result in both profits and losses. Forward-looking statements are based on assumptions and current expectations that may not be accurate, or based on the current economic environment, which may change. These statements do not guarantee future performance. InvestingFox is a trading brand of CAPITAL MARKETS, o.c.p., a.s. regulated by the National Bank of Slovakia.

Sources:

https://czechoslovakgroup.com/en/news/csg-enters-the-euronext-amsterdam-stock-exchange

https://www.cnbc.com/2026/01/23/csg-stock-debut-ipo-defense-amsterdam-czech.html

https://www.investicniweb.cz/aktuality/316820-akcie-czechoslovak-group-pri-debutu-na-burze-posiluji-o-26-michal-strnad-je-nejbohatsi-cech