The FN Herstal Group is history. As of June 14, the group is officially called FN Browning Group. At the same time as announcing the name change, FN also presented the financial results for the 2023 financial year, an exhibition next year and an activity report for the 2023 financial year.
Julien Compère, Group CEO, said: “As we celebrate our 135th anniversary, the FN Browning Group name highlights the leading brands that have built our outstanding global reputation. John Moses Browning and FN Herstal joined forces in the 19th century to develop pioneering handguns that laid the foundations for modern firearms technology. Today, our products and services continue to set the global standard for innovation and reliability.”
Ars Mechanical exhibition
To mark its 135th anniversary, the FN Browning Group has announced a major exhibition organized by its Ars Mechanica Foundation in collaboration with the City of Liège and hosted by La Boverie Museum next year from 25 April to 26 July. The exhibition is dedicated to the history of the group and its contribution to Liège’s industrial heritage. It will showcase a range of artifacts that have explored the Group’s various brands in the diverse fields of business since 1889, including small arms, vehicles, aircraft engines, aerospace and sport.
Annual Report 2023
In 2023, the FN Browning Group achieved a turnover of 908 million euros, its second-highest figure ever. The Defense and Security division with the FN and Noptel brands contributed more than 500 million euros, while the Hunting and Shooting division with the Browning and Winchester brands contributed more than 400 million euros. At 75 million euros, the Group’s net profit reached a record level.
“The FN Browning Group emerges stronger from 2023, with solid sales and a historic net profit. All our operating subsidiaries ended the year with positive results and I would like to congratulate our teams in Belgium, the United States, Portugal, Finland and the United Kingdom. Our financial, industrial and commercial fundamentals are solid and we can look forward to the coming months with confidence,” said Julien Compère about the annual report.
