CZG - Česká zbrojovka Group SE, together with its subsidiaries, is one of the leading world manufacturers of firearms and tactical accessories for military and law enforcement, personal defence, hunting, sport shooting and other civilian uses.
Its products are marketed and sold mainly under the CZ (Česká zbrojovka), Colt, CZ-USA, Dan Wesson, Brno Rifles and 4M Systems brands. The Group includes companies such as Česká zbrojovka, Colt Manufacturing Company, Colt Canada Corporation, CZ-USA, Brno Rifles, 4M Systems and CZ Export. CZG also holds a minority share in Spuhr i Dalby, the Swedish manufacturer of optical mounting solutions for weapons.
CZG is headquartered in the Czech Republic and has production facilities in the Czech Republic, the United States and Canada.
- Consolidated Financial Results for the 6M months 2020
- Consolidated Audited Financial Results 2019
- Consolidated Unaudited Financial Results for the 9M months 2019
- Consolidated Audited Financial Results 2018
- CZG - Česká zbrojovka Group SE (CZG) was founded in 2013. However, its history dates back to 1936 when the Česká zbrojovka firearms factory was established in Uherský Brod. The factory was built prior to WWII by the Czechoslovak state with the strategic aim of moving firearms production further away from the German border. It was one of the largest and most modern armaments production facilities in Europe. The factory’s production of a full range of firearms started to develop gradually after WWII, resulting in strong product positioning in the major segments of the firearms market.
- In 1997, CZ-USA was established in the United States to handle local distribution, sales and service of firearms. In 2004, Česká zbrojovka acquired the firearms division of Zbrojovka Brno and, subsequently, it acquired Dan Wesson Firearms through CZ-USA in 2005. In 2015, CZG acquired a majority stake in 4M Systems, which it gradually increased to 100%. 4M Systems supplies tactical equipment. In 2018, CZG acquired a stake in Vibrom, a company specialised in MIM technology. In 2020, CZG acquired a minority stake in Spuhr i Dalby AB, a Swedish manufacturer of optical mounting solutions for firearms. The same year, CZG completed public offering of its shares on the Prague Stock Exchange. In May 2021, CZG acquired a 100% stake in Colt Holding Company LLC, the parent company of the US arms manufacturer Colt Manufacturing Company LLC, as well as its Canadian subsidiary Colt Canada Corporation.
- CZG - Česká zbrojovka Group SE currently employs around 2,000 people in the Czech Republic, United States, Canada and Germany. CZG is owned by Česká zbrojovka Partners SE from 81.2%, with the remaining 18.8% being a free float.
Board of directors
Chairman of the Board
Mr. Drahota studied at University of Economics, Prague and completed an Executive MBA program at the University of Chicago. Before joining CZG, Mr. Drahota worked for almost 12 years in investment banking and financial markets for Société Générale Group, most recently as Managing Director, Head of Central and Eastern Europe, based in Paris. During 2014-2015, he served as a senior advisor to the Deputy Minister of Finance of the Czech Republic responsible for financial markets. Mr. Drahota has a broad non-executive director experience, and currently serves, inter alia, as a representative of the Ministry of Finance on the Supervisory board of ČEPS. Jan is responsible for Finance and M&A functions at the Group level.
Vice-Chairman of the Board
Mrs. Poluchová has a Master’s Degree in Management from the Business College of Silesian University, Karviná. She joined the Group in 1995 as the Export Sales Manager in the Czech Republic. She relocated to the United States in 1998 and became Vice President and Treasurer of the newly established CZ-USA. In 2004 she was appointed to the positions of President and Chief Executive Officer of CZ-USA. Mrs. Poluchová has been instrumental in the growth of CZ-USA, which has helped transform the Group into a sizeable player in the small arms market. She has established a strong team that is continuously growing the Group’s presence and recognition in the United States.
Member of the Board
Dennis Veilleux is the Chief Executive Officer of Colt Holding Company LLC. With 35 years of experience in the industry, Mr. Veilleux has deep expertise in firearms manufacturing, design and business. Since joining Colt in 2006 and prior to being appointed CEO in 2013, Mr. Veilleux served in several key positions for Colt, including Executive Director of Engineering, Vice President of Manufacturing, and Chief Operating Officer. Before Colt he spent three years with GE Armament Systems where he participated in the manufacture and development of military weapon systems, he worked eight years at Sturm Ruger and eight years at U. S. Repeating Arms Company (FN Group).
Member of the Board
Jan Holeček studied economy and finance at Bentley University, USA. In 2016 he started his career in Siemens as market analyst, later on as business development specialist. In 2017 he joined Česká zbrojovka starting first as an analyst and later on as marketing director. Since 2019 he has been the member of the Board of Directors of Česká zbrojovka responsible for sales. Since July 2021, he is member of the Board of Directors of CZG responsible for global sales.
Member of the Board
Jan Zajíc graduated in Economics and Management at the Faculty of Business and Economics of Mendel University in Brno. Prior to joining CZUB, he worked in various managerial positions in industrial companies in the Czech Republic and abroad. He started his career in Fatra, plastic producer based in Napajedla, then in the Continental Barum plants in Otrokovice and Púchov, Slovakia. In the Continental Group, he held various positions in the financial management and controlling at the production plant in Kuala Lumpur, Malaysia, and subsequently at the company’s headquarters in Hannover, Germany. Jan Zajíc, a native of Uherské Hradiště, was working at Česká zbrojovka since 2019 as its CFO. Since November 2020, he has served as Chief Executive Officer and Chairman of the Board of Directors of CZUB.
Member of the Board
Josef Adam is a graduate of the Faculty of Law of Charles University in Prague and the joint LL.M. programme of Nottingham Trent University and the Faculty of Law of Masaryk University in Brno. Before joining CZG, Josef Adam worked for two years as an attorney and partner at HAVEL & PARTNERS, law firm. Josef Adam also has broad executive director experience. He worked for eleven years in various managerial positions at Airport Prague, Czech Aeroholding and Czech Airlines, including nine years as a member of the Board of Directors, where, in addition to the legal department, he also managed the finance, HR and IT departments. In CZG, Josef Adam is responsible for legal affairs, compliance and risk management.
Member of the Board
Mr. Aguilar served 35 years with U.S. Customs and Border Protection and the United States Border Patrol, acquiring a wealth of knowledge and experience in border law enforcement and administration, domestic and international policing, strategy, tactics, and policy development. He served the last three and a half years of his career as the Acting Commissioner of U.S. Customs and Border Protection, the highest-ranking career officer in the largest U.S. federal law enforcement organization. He retired from his career in U.S. Government’s service on 31 March 2013. Mr. Aguilar acts as an independent, non-executive member of the Board of Directors.
Chairman of the Supervisory Board
Mr. Kovařík graduated from Military Air Force University and he also completed an MBA program at Sheffield University. He started in the army as a pilot. He reached the rank of lieutenant in the Army Air Force. His pilot’s career ended in the mid-1990s and he began his civilian career in 1995 as manager in company Aulis. After a year he joined Škoda Praha as Production Director, where he worked his way up to the position of CEO. He later worked for Eltodo EG and Mavel. Between 2018 – July 2021, he was the President and Chairman of the Board of Directors of CZG - Česká zbrojovka Group SE.
Member of the Supervisory Board
Mr. Dlouhý is a graduate of the University of Economics, Prague. He served as Minister of Industry and Trade of the Czech Republic between 1992 and 1997. Between 1997 and 2010, he advised ABB Group. From 2009-2012, he was a member of the European Advisory Group to the Managing Director of the International Monetary Fund. He currently serves as an International Advisor for Central and Eastern Europe at Goldman Sachs. He is also a member of the Trilateral Commission. At one point, he was a Deputy Chairman of its European Group.
Member of the Supervisory Board
Mrs. Růžičková has over 15 years of experience in managerial positions and executive roles. She has served as a member of the Supervisory Board at Česká zbrojovka since 2015 and as a member of the Česká zbrojovka Audit Committee since 2017. Mrs. Růžičková also holds positions on the Board of Directors at Minezit and the Supervisory Board at CZ Agro Servis. Since 2014, she has acted as Statutory Director at M&H Management. Prior to her appointment to the Supervisory Board, she acted as vice-chairwoman of the Board of Directors of the Group.
Chairman of the Audit Committee
Mrs. Piegzová graduated from the VŠB Technical University in Ostrava. She held various accounting, reporting and managing positions during her long career at the metallurgy group Třinecké železárny. She also served in managerial positions in Vesuvius CR and České loděnice. In March 2013, she joined Česká zbrojovka a.s. as CFO and later became Vice-Chairman of the Board of Directors (serving until July 2019). In August 2019, she moved to CZG - Česká zbrojovka Group SE where she acted as member of the Supervisory Board until November 2021. Mrs. Piegzová is Chairman of the Audit Committee since 17 January 2020 and her office term expires on 17 January 2025.
Member of the Audit Committee
Mr. Ondroušek worked for more than ten years in Deloitte's Audit Department, followed by 10 months in the WOOD & Company Finance Department and is currently working with Staněk, Tomíček & Partners tax offices. Mr. Ondroušek is a licensed auditor of the Chamber of Auditors of the Czech Republic and a member of the international professional organization Association of Chartered Certified Accountants. In addition to providing audit services, he focuses primarily on IFRS and transfer pricing advice. Mr. Ondroušek is a member of the Audit Committee since 17 January 2020 and is office term expires on 17 January 2025.
Member of the Audit Committee
Mr. Machuča graduated from the Faculty of Law at Masaryk University in Brno, in 2013 and from the Faculty of Management and Economics at Tomas Bata University in Zlín, in 2017. After his studies at Faculty of Law, he started his career as a company lawyer at CZUB. He currently holds the position of Head of the Legal Department and also acts as corporate secretary. In addition, he is responsible for corporate compliance and the protection of personal data at CZUB. Mr. Machuča is a member of the Audit Committee since 17 January 2020 and is office term expires on 17 January 2025.
CZG - Česká zbrojovka Group SE (hereinafter referred to as “CZG”) is one of the leading companies operating in the arms industry worldwide. CZG is a group of companies specialising in the manufacture and sales of small arms of the Czech brand “CZ” combining properties such as long-term tradition, sophisticated know-how in development, and honest quality.
Description of the Compliance Program
1. Purpose of the Program
The Compliance Program of Česká zbrojovka Group SE (hereinafter referred to as “CZG”) is intended to allow CZG to comply with applicable laws and internal regulations aimed at doing business in an ethical and legally sound manner. The below text identifies and describes the framework documents and instruments of the Compliance Program, summarises areas of compliance covered by the program, explains the compliance instrument system, including the approach to training and internal audit.
WHISTLEBLOWING (COMPLIANCE LINE)
Being aware of its obligation to monitor and promote compliance with laws and moral and ethical principles, CZG has implemented a uniform system for reporting suspicions of unethical conduct which many be used by anyone (employee, customer, partner etc.) to report any such conduct.
In recent years, CZG has supported over 60 projects of charities, non-profit organisations, sports clubs and entities in defence, security, health, education and culture, both regionally and nationally.
Some of the key projects supported by CZG include: The Krtek Endowment Fund of the Paediatric Oncology Unit of the Children's Medical Centre of University Hospital Brno; 450 ml NADĚJE (recruitment of blood donor volunteers); Sparta Praha Ice Hockey Club’s "Tribute to Heroes" to honour members of the Integrated Rescue System and the Czech Armed Forces who have lost their lives whilst on duty; Karlovy Vary International Film Festival and the Zlín Czech-Slovak theatre festival Setkání Stretnutie.
In 2019, Česká zbrojovka donated the proceeds from the auction of a special edition of the CZ-75 Republika pistol commemorating the 100th anniversary of the birth of the Czechoslovak state. The donation went to the Czech Army's Military Solidarity Fund and the Police Officers and Firefighters' Foundation.
In the US, CZG supports Folds of Honor, Veteran Charity Partner of Colt. Folds of Honor provides annual educational scholarships to the military families of those who have been killed or disabled while in active duty. Since its founding in 2007, the organization has awarded over 7,500 scholarships.
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