Investors in shares in Czech drone manufacturer Primoco UAV have seen their money almost double in value in only one year. The company which has a factory in Radotín, near Prague, was ahead of global brands like Airbus, Boeing, Lockheed Martin, Northrop Grumman and Leonardo in terms of the growth in its share price. The first prototype of the now successful One 150 was built just eight years ago and yearly sales of the production model started at single digits. A significant breakthrough came with the war in Ukraine.

The main shareholders of Primoco UAV SE sold 120,000 shares through the Prague Stock Exchange START market today, increasing the company's free float by more than 2.5 percentage points to almost 18%. With this move, the company has brought its free float closer to the 25% threshold that the exchange generally recommends for publicly traded companies.