Primoco UAV SE, a Czech producer of unmanned aerial autos, proclaims its monetary outcomes for 2024. The corporate recorded consolidated revenues of CZK 471 million, an EBITDA revenue of CZK 147 million, and maintained a powerful working margin. Primoco continued to function debt-free, producing a free money move of CZK 231 million.
“The yr 2024 marked a interval of intense work. With our profitable entry into the primary market of the Prague Inventory Trade, we symbolically accomplished our journey from a Czech startup to an organization delivering on its international ambitions via a really distinctive product,” mentioned Primoco CEO Ladislav Semetkovský.
Primoco’s flagship plane, the Primoco One 150, stays the one medium-heavy unmanned aerial automobile licensed to NATO STANAG requirements. STANAG certification permits NATO member states to amass and deploy the plane with out the necessity for added testing. This certification comes at a vital time as NATO’s European members transfer to extend their protection budgets considerably. The Primoco One 150 additionally holds civilian certification for operation over densely populated areas, broadening its business functions and deployment in safety, hearth brigade and different emergency response missions.
Among the many firm’s key milestones in 2024 was securing its largest-ever contract: a CZK 450 million settlement to ship 24 Primoco One 150 plane. “This contract is important not just for its measurement but additionally as a result of every plane delivered opens the door to long-term partnerships, together with coaching, servicing and future fleet enlargement based mostly on the constructive expertise with the One 150,” mentioned Semetkovský.
Though revenues stabilized at practically half a billion CZK ranges final yr after speedy development within the earlier interval, administration views this as attribute of the trade, remaining optimistic about future prospects and demand. “Curiosity in unmanned aerial autos continues to rise globally, pushed by safety wants and civilian functions. Given the complexity of our trade, closing every transaction from preliminary contact to supply sometimes spans years fairly than months. Nevertheless, the variety of our lively negotiations at numerous levels of improvement multiplied in 2024,” mentioned Semetkovský.Primoco made vital investments through the yr to assist anticipated demand. The corporate acquired land within the industrial zone of Písek and accomplished venture documentation for a brand new manufacturing, service, management and coaching heart, set to start development in 2026 following the constructing allow approval. Situated close to Primoco’s airport, the ability will function superior robotics and automation and finally triple Primoco’s manufacturing capability to 300 plane yearly.
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