• CSG's Q1 2026 revenue was €1,544 million, up 13.8% year on year.
• Defence Systems revenue increased 26.5% to €1,251 million.
• Order backlog reached €17 billion, with a pipeline under negotiation of €27 billion.
• FY 2026 guidance reaffirmed, with revenue expected in the range of €7.4 to €7.6 billion.

CSG's strong Q1 2026 results may indicate a positive outlook for the defence industry, driven by increasing demand for defence systems and ammunition. The company's expansion into new markets, such as Southeast Asia, could suggest a growing trend towards global defence cooperation, which may benefit CSG and other defence contractors. The reaffirmation of FY 2026 guidance suggests that CSG is confident in its ability to deliver on its strategic objectives, which could have implications for the company's competitive positioning in the market.