Global Industrial & Defence Leader
Delivering sustainable growth through vertical integration, strategic acquisitions, and innovation.

Key financial highlights
B EUR
B EUR
%
B EUR
%
B EUR
A Market Leader
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. The Group has rapidly expanded its scale and capabilities through significant organic growth and strategic acquisitions, establishing itself as a diversified manufacturer with a strong international presence.
Earnings Visibility
CSG benefits from strong revenue visibility, supported by a substantial order backlog and long-term contracts with government and institutional customers. The Group’s position as a critical supplier to NATO and allied governments is reinforced by multi-year agreements, providing robust forward earnings certainty.
Vertical Integration
The Group is highly vertically integrated, controlling key stages of its supply chain for both ammunition and defence systems. In-house production of critical components and strategic investments in raw materials and manufacturing ensure supply security, operational efficiency, and margin enhancement.
Diversified Portfolio
CSG operates a diversified business model across defence systems, ammunition, and related technologies, serving both government and civil markets. This balanced portfolio reduces risk and provides resilience, enabling the Group to capture opportunities across multiple sectors and geographies.
Robust Financial Performance
The Group demonstrates strong financial performance, with consistent growth in revenues, profitability, and cash generation. Operational excellence, disciplined capital allocation, and a prudent approach to leverage underpin CSG’s financial stability and support ongoing investment.
Global Presence
CSG has an extensive global footprint, supplying products to customers in over 70 countries and maintaining manufacturing sites across Europe and North America. Its broad customer base, including NATO and allied governments, underpins strong export potential and positions the Group to benefit from rising global defence spending.
Sustainability (ESG)
Modernizing production to reduce carbon footprint and ensuring responsible corporate governance in the defence sector.
Expansion
Entering new geographic markets (US, Western Europe) and strengthening our position in the global supply chain.
Innovation
Investing in advanced technologies, digitalisation of production, and AI-driven defense systems.
CSG Investor Factsheet
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.

