Page 1

CZ GROUP REGULATORY ANNOUNCEMENT CZG - Česká zbrojovka Group SE achieved revenues of CZK 7.6 billion in the nine months of 2021 Prague ( 25 November 2021 ) - CZG - Česká zbrojovka Group SE ( " CZG " , the " Group " or the " Company " ) today announced its consolidated unaudited financial results for the nine months of 2021 ending 30 September . 9M 2021 Financial Highlights • The Group's revenues in the first nine months of 2021 amounted to CZK 7.6 bn , up by 53.1 % y - o - y , mainly due to higher sales volume in all regions and consolidation of Colt's revenues from 21 May 2021 . • • • Normalized EBITDA ( net of extraordinary effects connected with the acquisition of Colt ) reached CZK 1,613.3 million , up by 45.7 % y - o - y for the first three quarters of 2021 . Operating profit in the first nine months of 2021 was CZK 902.0 million , up by 10.6 % compared to the first nine months of 2020. The lower increase EBIT compared to the EBITDA resulted from higher depreciation and amortization , also due to the Colt's acquisition . Net profit for the first three quarters of 2021 reached CZK 902.8 million , which is 89.1 % more compared to the same period in 2020 . The number of firearms sold in the first three quarters of 2021 increased by 37.2 % compared to the same period in 2020 , reaching over 463 thousand units sold . ,, The financial results of the first nine months of 2021 clearly demonstrate that our Group's strategy , the strength of key brands and the product mix in combination with the pricing policy can meet the expectations of our customers and also deliver long - term value for our investors , " commented Jan Drahota , Chairman of the Board of Directors of CZG . ,, We recorded increased sales in all territories . The United States remain the biggest market for the Group . We are very pleased about continued cooperation with the Army of the Czech Republic where first deliveries commenced under the framework contract . More specifically , it concerned the supply of the BREN 2 assault rifles with accessories , " added Jan Drahota . Revenues Compared with the results as at 30 September 2020 , the revenues for the nine months ended 30 September 2021 increased by 53.1 % percent to CZK 7.6 billion , mainly thanks to the increase in firearm CZG - Česká zbrojovka Group SE , Opletalova 1284/37 , 110 00 Prague 1 , Czech Republic , IČ : 291 51 961 | czg.cz