Investment Case
Delivering sustainable growth through vertical integration, strategic acquisitions, and innovation.

CSG is a leading global defence group, operating in Europe, the United States and Asia Pacific, with customers in over 70 countries.
We are one of Europe’s fastest‑growing defence companies and a critical long‑term supplier to allied governments that manufactures and supplies a broad range of defence products. We are also the world’s number one producer of small‑calibre ammunition.
Amid heightened geopolitical uncertainty and sustained increases in defence spending, we are well positioned for continued growth, supported by an all‑time‑high order backlog and pipeline, and a proven track record of strong profitability.
CSG is a leading European defence group, recognised as the second largest producer of medium- and large-calibre ammunition in Europe and the largest global producer of small-calibre ammunition by sales.
CSG benefits from strong revenue visibility, supported by a substantial order backlog and long-term contracts with government and institutional customers.
The Group is highly vertically integrated, controlling key stages of its supply chain for both ammunition and defence systems.
CSG operates a diversified business model across defence systems, ammunition, and related technologies, serving both government and civil markets.
The Group demonstrates strong financial performance, with consistent growth in revenues, profitability, and cash generation.
CSG has an extensive global footprint, supplying products to customers in over 70 countries and maintaining manufacturing sites across Europe and North America.
Learn more about our equity story and the businesses our Group operates across 3 continents.
Explore our IPO-related information and learn about our current share price and bond offers.
Read or download all our current and historical financial reports and investor presentations.
We have crafted a cohesive sustainability strategy at the top level, encapsulating a suite of eight strategic objectives and sixteen targeted activities. This robust framework is designed not only to mitigate environmental impacts but also augment quality of life for the Group’s employees and the wider community that we engage with.


