Prague-based Colt is one of all companies that benefit from the increased geopolitical uncertainty in the world, leading to greater investments in defense and security.
The goal is now set to generate two billion euro in revenue and increase the profit to 400 million euro by 2030. This is roughly double the targets, according to Chairman of the Board Jan Drahota.
There is a strong element of organic growth, but probably more than half of the growth will be related to acquisitions, he says in a telephone conference.
The share rose by 3 percent on the Prague Stock Exchange after the announcement, which came in an interim report where Colt met expectations and simultaneously presented both dividend and share buybacks.
