Glock firing on all cylinders

The Local
The Local - [email protected] • 8 Aug, 2016 Updated Mon 8 Aug 2016 18:19 CEST
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Austrian handgun giant Glock, a major supplier to police forces worldwide and whose weapons are also hugely popular for private use, saw sales soar 55 percent last year, a press report said Monday.

The privately owned company, which does not publish results, saw revenues rocket to 501.6 million euros ($555.7 million) from 322.2 million euros in 2014, Austrian weekly Wirtschaftsblatt reported.

Net profits for the firm, controlled by 87-year-old founder Gaston Glock, more than doubled to 96.7 million euros, the report said, citing company filings.

The company's report said it is "very optimistic" for business in 2016, boosted by rising demand in its number one market the United States, Wirtschaftsblatt said.

Demand is strong for models marketed at private individuals like the 9mm Glock 43, ideal according to the company for "your everyday concealed carry needs", and the 42 for "shooters with smaller hands".



The Local 2016/08/08 18:19

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