reports
- Olfa Taamallah
- Thomas Zlowodzki
- Yan Derocles
CON CONTINENTAL AKTIENGESELLSCHAFT
BMW BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT
RNO RENAULT SA
ADS ADIDAS AG
VOLV B VOLVO AB CLASS B
EO FAURECIA SA
DAI DAIMLER AG
EN BOUYGUES SA
ADEN ADECCO GROUP AG
POM PLASTIC OMNIUM SE
TYRES NOKIAN RENKAAT OYJ
MRK MERCK KGAA
HAL HAL TRUST
RAND RANDSTAD NV
FR VALEO SE
FRE FRESENIUS SE & CO. KGAA
VOW3 VOLKSWAGEN AG PREF
AMP AMPLIFON S.P.A.
ELI ELIA GROUP SA/NV
CIE CIE AUTOMOTIVE S.A.
LEG LEG IMMOBILIEN AG
ANDR ANDRITZ AG
RACE FERRARI NV
PIRC PIRELLI & C. S.P.A.
GEST GESTAMP AUTOMOCION S.A.
NEXI NEXI S.P.A.
8TRA TRATON SE
CPR DAVIDE CAMPARI-MILANO N.V.
AML ASTON MARTIN LAGONDA GLOBAL HOLDINGS
STLA STELLANTIS N.V.
AM DASSAULT AVIATION
DTG DAIMLER TRUCK
IVG IVECO GROUP
ML COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN
P911 DR. ING. H.C. F. PORSCHE AKTIENGESELLSCHAFT
ALIV SDB AUTOLIV INC.
BRE BREMBO S.P.A.
CSG CSG N.V.
- Olfa Taamallah
- Thomas Zlowodzki
- Yan Derocles
CON CONTINENTAL AKTIENGESELLSCHAFT
BMW BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT
RNO RENAULT SA
ADS ADIDAS AG
VOLV B VOLVO AB CLASS B
EO FAURECIA SA
DAI DAIMLER AG
EN BOUYGUES SA
ADEN ADECCO GROUP AG
POM PLASTIC OMNIUM SE
TYRES NOKIAN RENKAAT OYJ
MRK MERCK KGAA
HAL HAL TRUST
RAND RANDSTAD NV
FR VALEO SE
FRE FRESENIUS SE & CO. KGAA
VOW3 VOLKSWAGEN AG PREF
AMP AMPLIFON S.P.A.
ELI ELIA GROUP SA/NV
CIE CIE AUTOMOTIVE S.A.
LEG LEG IMMOBILIEN AG
ANDR ANDRITZ AG
RACE FERRARI NV
PIRC PIRELLI & C. S.P.A.
GEST GESTAMP AUTOMOCION S.A.
NEXI NEXI S.P.A.
8TRA TRATON SE
CPR DAVIDE CAMPARI-MILANO N.V.
AML ASTON MARTIN LAGONDA GLOBAL HOLDINGS
STLA STELLANTIS N.V.
AM DASSAULT AVIATION
DTG DAIMLER TRUCK
IVG IVECO GROUP
ML COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN
P911 DR. ING. H.C. F. PORSCHE AKTIENGESELLSCHAFT
ALIV SDB AUTOLIV INC.
BRE BREMBO S.P.A.
CSG CSG N.V.
- Olfa Taamallah
- Yan Derocles
Czechoslovak Group : A high-calibre Eastern European defence player
Czechoslovak Group is a company offering unique positioning notably in the ammunition business, with a high-margin profile (set to expand further) and strong EPS growth (CAGR 2024-30e +25%). We believe any potential peace deal in Ukraine (20%e of backlog) won’t significantly change the growth story. We are initiating coverage with a Neutral recommendation and a TP of € 33.5.
ZVS holding from the CSG Group and EURENCO Establish Joint Venture in ...
ZVS holding from the CSG Group and EURENCO Establish Joint Venture in Slovakia On 4 March 2026, at the Ministry of Defence of the Slovak Republic and in the presence of the Slovak Minister of Defence, Robert Kaliňák, a joint memorandum was signed between EURENCO and ZVS holding, a joint venture of the Slovak Republic and MSM GROUP, part of the CSG Group. By signing the memorandum, the parties confirmed the conclusion of key contractual documentation leading to the establishment of a joint venture and the construction of a new manufacturing facility for Modular Artillery Charge Systems (MACS...
CSG Enters the Hungarian Defence Industry. To Participate in the Deliv...
CSG Enters the Hungarian Defence Industry. To Participate in the Delivery of Thousands of Military Vehicles; Investment Plans Also Include Integration of HIMARS Systems at Rába The global industrial and technology group CSG will acquire a 49% stake in 4iG Space & Defence Technologies, thereby also indirectly becoming a 37% shareholder in Rába Automotive Holding Plc. Through this transaction, the Group confirms its ambition to become a long-term strategic partner of the Hungarian defence industry. The initial investments also include signed contracts for the production and delivery of thousa...
CSG group to supply tens of thousands of artillery and mortar ammuniti...
CSG group to supply tens of thousands of artillery and mortar ammunition to European NATO member country Excalibur International, part of the CSG group, has signed a contract with the Ministry of Defense of a NATO member country in Western Europe for the supply of tens of thousands of artillery and mortar ammunition worth a total value in the low hundreds of millions of euros. The contract was awarded on the basis of an accelerated tender procedure due to the urgent need to replenish the ammunition stocks of the armed forces of a NATO member country. MSM Group will work closely on the proj...
Rating Agencies Update for CSG: Moody’s Upgrades to Baa3 and Fitch Aff...
Rating Agencies Update for CSG: Moody’s Upgrades to Baa3 and Fitch Affirms BBB- Industrial and technology group CSG continues to strengthen confidence in international capital markets. Moody’s has upgraded the rating of CSG’s backed senior secured debt to Baa3, reflecting improvements in corporate governance following the company’s IPO, a simplified capital structure, and a more conservative financial strategy. Fitch Ratings has also affirmed CSG’s rating at BBB- with a Stable Outlook. Moody’s Investors Service upgraded CSG’s backed senior secured debt from the speculative-grade level of B...
Clarification regarding media coverage concerning Tatra Defense System...
Clarification regarding media coverage concerning Tatra Defense Systems CSG (or the “Group”) notes recent media coverage alleging that the involvement of Tatra Defence Systems ("TDS") in defence contracts represents an artificial intermediary structure intended to divert profits from Tatra Trucks. The Group rejects these allegations. Although the Group has no new material information to disclose, it considers it appropriate to set out the factual position. TDS is an active industrial participant, not a passive intermediary or reseller. TDS, together with its sister company Tatra Defence V...
CSG N.V. - Notice of Full Year 2025 Results
CSG N.V. - Notice of Full Year 2025 Results CSG (“CSG” or the “Group”), a leading European defence group, will release the audited Full Year results of Czechoslovak Group a.s., a wholly owned subsidiary of CSG N.V. and the holding entity of the entire CSG Group, for the 12 months ended 31 December 2025 on Thursday 26 March 2026. A management presentation for analysts and investors will be held via webcast on the day at 10:00 CET (09:00 GMT), followed by a Q&A session. Webcast registration details will be made available in advance of the event on the Group’s investor relations website (/en)...
CSG and PGZ Establish Cooperation on the Offering of a Modular Mining ...
CSG and PGZ Establish Cooperation on the Offering of a Modular Mining Deployment System on a Tatra Chassis for Export Markets The industrial and technological group CSG, whose majority shareholder and CEO is Michal Strnad, has signed a cooperation agreement with the Polish state-owned company Polska Grupa Zbrojeniowa (PGZ) covering the integration of a modular mining deployment system onto Tatra vehicle platforms and the joint offering of this solution on export markets. The agreement was signed during the international defence exhibition World Defense Show 2026 in Riyadh, Saudi Arabia, whe...
CSG to Become a Partner of the Prestigious Munich Security Conference ...
CSG to Become a Partner of the Prestigious Munich Security Conference for the First Time This Year The Munich Security Conference will take place this year from 13 to 15 February. For the first time, the prestigious event—attended annually since 1963 by leading politicians, military representatives, business leaders and non-governmental organisations—will be partnered by the industrial and technology group CSG. CSG’s active support of the conference confirms both the Group’s growing importance at the European and global level, further strengthened by its January listing on Euronext Amsterda...
CSG Strengthens Leadership Following IPO: Board Expanded and First Hea...
CSG Strengthens Leadership Following IPO: Board Expanded and First Head of Investor Relations Appointed Czechoslovak Group (CSG), a leading European industrial and defence group, has bolsteredits leadership following its recent listing on Euronext Amsterdam, which took place on 23 January this year. The Group has expanded its Board with four independent Directors and has also newly established the position of Head of Investor Relations. This step supports CSG’s commitment to growth, transparency and responsible governance as a publicly listed company. “Going public marked the beginning of...
Excalibur Army Secures a Record Export Contract for Patriot Vehicles
Excalibur Army Secures a Record Export Contract for Patriot Vehicles CSG Group, through its subsidiary Excalibur Army, has secured contracts in Southeast Asia for the delivery of more than 100 Patriot armored vehicles in various configurations. The total value of these contracts exceeds USD 300 million. Deliveries are scheduled to be completed within a three-year timeframe. The order includes a wide range of Patriot platform variants designed for modern land forces, from mortar carrier vehicles and command vehicles to armored personnel carriers, wheeled infantry fighting vehicles, and ar...
CSG and Aselsan to launch Joint Venture and introduce Korkut air defen...
CSG and Aselsan to launch Joint Venture and introduce Korkut air defence system on Tatra platform Czech defense firm Excalibur International, part of the CSG group, and Türkiye’s defense electronics leader Aselsan have signed a strategic cooperation agreement to establish an EU-based joint venture while simultaneously introducing the Korkut air defence system integrated on the Tatra Force 6×6 wheeled platform. The partnership aims to expand joint defense capabilities for European and global markets. The agreement is a significant step toward strengthening defense cooperation not only in ...
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