William Malcolm

CSG EBITDA Falls 13% In 2020

The operating EBITDA of the industrial holding Czechoslovak Group (CSG) last year fell by 13 percent year on year to 2.26 billion crowns. Revenues increased by 27 percent to 15 billion crowns.

Companies from the Czechoslovak Group operate in the automotive, railway, aerospace, and watchmaking industries and produce weapons, ammunition, and special vehicles. In addition to the Land Systems division, where defense production and trade in land vehicles and ammunition are concentrated, the Aerospace division is developing rapidly, including the production of radars at ELDIS Pardubice, civil aircraft service, and flight training.