Fio banka upgrades Colt CZ Group stock to Accumulate at CZK 981

Published on 10/01/2026 at 08:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 44.20 percent to CZK 15.9 billion. Colt CZ Group stock costs EUR 35.85 on October 1, 2026 versus EUR 35.85.

Colt CZ Group, CZ0009008942, Illustration mit AI erstellt.

Colt CZ Group stock (ISIN CZ0009008942) was at EUR 35.85 at Lang & Schwarz on October 1, 2026 at 8:09 a.m. CEST, unchanged versus the prior close of EUR 35.85. On September 18, 2026, Fio banka upgraded its recommendation from Hold to Accumulate while retaining a CZK 981 price target.

Guidance rises with earnings

Colt CZ Group reported first-half 2026 revenue of CZK 15.9 billion, up 44.20 percent from the same period of 2025, according to its September 17, 2026 release. Adjusted EBITDA reached CZK 4.6 billion, a 95.10 percent year-on-year increase, while net profit rose 72.70 percent to CZK 1.6 billion.

The company also raised its 2026 outlook to revenue of CZK 31.0 billion to CZK 33.0 billion and adjusted EBITDA of CZK 8.0 billion to CZK 8.5 billion. The guidance matters because confirmed military and law enforcement orders are already supporting expected second-half revenue, while the new energetics business is adding a higher-margin growth engine.

Energetics changes the mix

The official results release shows that energetics revenue reached CZK 3.0 billion in the first half of 2026, up 14.30 percent on a pro forma basis. Its adjusted EBITDA margin was 54.50 percent, compared with 33.20 percent for the ammunition segment.

That margin gap gives the acquisition-led expansion a measurable role in the group outlook. The same release said Colt CZ expects energetics to represent 16.00 percent of group revenue and approximately one-third of adjusted EBITDA in 2026.

Analyst target and next date

Simply Wall St reported on September 20, 2026 that five analysts expected 2026 revenue of CZK 32.0 billion, compared with a prior estimate of CZK 31.6 billion. Its consensus price target was CZK 1,096, while the highest and lowest estimates were CZK 1,445 and CZK 893.

The next earnings release is scheduled for November 26, 2026, according to Ideal Investisseur. For investors, the key test is whether order-backed growth can offset weaker United States commercial demand and tariff pressure described in the half-year report.

EUR 35.85 before Xetra

At Lang & Schwarz, Colt CZ Group was trading at EUR 35.85 on October 1, 2026 at 8:09 a.m. CEST in the pre-market, unchanged versus the prior close of EUR 35.85. The Prague Stock Exchange reported a CZK 55.8 billion market capitalization, a CZK 742.00 to CZK 1,102.00 52-week range and CZK 900.00 last price on September 25, 2026.