The securities of Primoco UAV SE, unmanned aircraft manufacturer, will be introduced to trading on the main market of the Prague Stock Exchange on Monday, January 29, 2024. Alongside other securities such as ČEZ, Erste Group Bank or Komerční banka, last year's most successful Prague Stock Exchange name will join the premier group of Czech companies after completing the final phase of preparations - from the approval of the prospectus by the Czech National Bank to the transition to financial reporting under IFRS.
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Primoco UAV SE intends to apply for admission of all 4,708,910 ordinary registered shares in book-entry form issued by the company with a nominal value of CZK 1.00 (EUR 0.036068530207394048692515779981966) per share, constituting the entire share capital of the company, to trading on the regulated Prime Market organized by Burza cenných papírů Praha, a.s. The reason for the intention is the higher profile of the market and the potentially higher liquidity of the shares.
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According to the renowned Swedish Institute for Peace Research SIPRI, a total of 69 dual/military use UAVs with a take-off weight of up to 250 kilograms have been sold globally in 2022. Data from the national defence systems licensing registers show that this market segment is split between manufacturers from the United States at two-thirds and the Czech company Primoco UAV at one-third.
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Primoco UAV SE, the manufacturer of unmanned aerial vehicles, reported sales of CZK 372 million in the year to September 30, 2023, three times more than in the same period last year. Net profit doubled year on year to CZK 126 million. The company's best-ever financial results reflect the growing demand for Primoco UAV aircraft, spare parts, pilot training, aerial work and other related services. The shares of the company, traded on the Prague Stock Exchange, reached CZK 900 per share at the end of the third quarter, having appreciated by nearly 120% since the beginning of the year. The market capitalization of Primoco UAV exceeded CZK 4 billion.
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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.
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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.
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Primoco UAV more than doubled its sales year-on-year to CZK 213.4 million in the first half of 2023. EBITDA was over CZK 100 million for the first time in the company's history and it also more than doubled compared to the same period last year. Demand for Primoco UAV products and services continues to grow and, following the favourable financial results and the outlook for the future, the market capitalization of the company, whose shares are listed on the START market of the Prague Stock Exchange, is also growing. Since the beginning of the year, the share price has increased by more than 75% to CZK 720 per share. The market value of Primoco UAV is almost CZK 3.5 billion.
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Czech UAV manufacturer Primoco UAV SE executed a Memorandum of understanding with Airbus Defence and Space and its affiliate, Airbus DS Airborne Solutions, on cooperation in the area of unmanned aerial systems.
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Primoco UAV increased EBITDA by 510% year-on-year to a record CZK 65.9 million in the first quarter. In the first three months of this year, the Czech manufacturer of unmanned aircraft reported sales of CZK 103.1 million, representing a year-on-year growth of 475%, according to preliminary and unconsolidated data. Since the beginning of the year, the company has won new orders, thanks to which it is on track to meet its goal of signing new contracts of CZK 1 billion in 2023.
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Primoco UAV, Czech UAV manufacturer, has signed a contract to supply a new NAVAID calibration system. The innovative solution used by the reliable Primoco UAV One 150 UAVs is being purchased by the Malaysian company GIAAN GROUP. GIAAN plans to use the system which is suitable for the inspection, calibration and evaluation of a variety of airport navigation equipment such as ILS/VOR/DME/TACAN/COM, as well as visual tools such as PAPI/VASI, to perform calibration missions at airports in the Southeast Asia region. The value of the contract, including two One 150 UAVs, amounted to EUR 3.7 million.
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Primoco UAV SE has announced a new contract for the supply of unmanned aerial vehicles. The Czech manufacturer will deliver machines with an aggregate value of EUR 2.35 million to a European customer.
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The purchase or sale of securities of Primoco UAV SE, the Czech manufacturer of unmanned aerial vehicles (UAVs), will be more accessible to retail investors as of 30 January 2023. The Prague Stock Exchange will reduce the basic investment volume (lot size) for this title on the Start market to 10 units, which at the current rate corresponds to CZK 4,100.
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Primoco UAV SE, Czech UAV manufacturer, has announced a signature of a new contract for the delivery of 5 Primoco One 150 UAVs to a European client with a total value of EUR 3.65 million.
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Primoco UAV SE, Czech UAV manufacturer, today announced the signature of a new contract for the delivery of 8 One 150 Unmanned Aerial Vehicles. The value of these transactions is EUR 6.8 million.
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Expanding the sales of Czech UAV manufacturer Primoco UAV SE into new markets will now be driven by David Jirman who will work together with the company's CEO Ladislav Semetkovský and Sales Director Jakub Fojtík.
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Primoco UAV SE, Czech manufacturer of civilian and military aircraft, appointed Colonel of the General Staff (Retired) Ing. Vladan Ševčík as a member of the Supervisory Board following the resignation of Ing. Josef Rada. The decision to appoint a new member of the Supervisory Board was made during the General Meeting of the company at its registered office on 26 April 2022.
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Primoco UAV SE announces that it has ceased its activities in the Russian Federation as of January 31, 2022 and sold 100% of its shares in its subsidiary AO Primoco BPLA. The only reason for this decision is the sanctions regime against the Russian Federation and the impossibility of obtaining the export license needed to operate its drones. In the local market, the company focused exclusively on providing aerial work, DaaS services (drone-as-a-service), in the civil sector.
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Primoco UAV SE has been granted a Light Unmanned Certificate (LUC) in the "Specific" category for the Primoco UAV One 150 by the Czech Civil Aviation Authority on 11 February 2022, in accordance with European Regulation (EU) 947/2019.
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Czech-based Primoco UAV SE and Swiss-Swedish UMS Skeldar have teamed up as part of a cooperation agreement to provide selected customers with a combination of the Primoco One 150 fixed-wing and UMS Skeldar’s V-150 rotary wing unmanned aerial vehicles (UAVs). Enabling organisations the versatility to use both platforms as part of their missions, this agreement is a significant step forwards in terms of how UAVs can be used to form one solution.
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Primoco UAV SE, a Czech company that develops and manufactures the One 150 UAV, successfully flight tested the simultaneous control of multiple unmanned aircraft from one control station at their airport in Písek Krašovice on 20 October 2021.
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On 30 September 2021, Primoco UAV SE's factory airport in Písek - Krašovice was the site of a successful flight of Primoco UAV One 150M, registered under the mark 0498 in the Czech military aviation register. The flight was a precursor to the start of flight tests according to STANAG 4703.
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Sales of the Czech manufacturer of unmanned aerial vehicles Primoco UAV SE reached CZK 12.8 million in the first half of this year and increased by 34% compared to the same period in 2020. Since January, the company has been able to start negotiations for new contracts in new markets, but due to pandemic restrictions limiting travel, these activities have been complicated and delayed. Primoco UAV SE is also restrained by the speed of the bureaucracy in parts of the state administration in the Czech Republic, especially the Civil Aviation Authority, in connection with the issuance of the necessary certification required by European legislation. This limits the speed of expansion which the company needs to meet the growing demand for its unmanned aircraft.
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In August of this year, an unusual visitor appeared at Egilsstadir Airport (BIEG) in Iceland - a Czech One 150 unmanned aircraft from Primoco UAV SE. The purpose of the visit was not only the flight itself, but mainly the most extensive comparison to date of the accuracy of the calibration of airport radio security performed by a unmanned aircraft and a piloted aircraft. And the results clearly point to the conclusion that the future of flight calibration will be associated with unmanned aircraft, very likely from Czechia.
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Czech company Primoco UAV SE and Norwegian Special Mission AS teamed up together back in 2020 with aim to verify the potential of drone-based flight inspection. The result of mutual cooperation, a world-unique UAV equipped for flight inspection missions, was flight-tested in Iceland in August 2021. The trials represent the most comprehensive comparison of manned and unmanned calibration to date.
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Primoco UAV SE, the Czech company, and the Army of the Czech Republic successfully tested the Primoco UAV One 150 unmanned aerial vehicle (UAV) focused on verifying battlefield communication systems and optical reconnaissance sensors.
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Primoco UAV SE continues the development of its One 150 UAV and its military version the One 150M. In the past year, it has tested and implemented a number of innovative technologies. The capabilities of its UAS have been noticed by the world's leading technology manufacturers, and now tests of new equipment are underway to significantly expand the aircraft's capabilities. For military users, the company offers a complete reconnaissance system independent of weather and visibility conditions, capable of deployment anywhere in the world.
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PRIMOCO UAV SE, a Czech company that develops and manufactures civilian and military unmanned aerial vehicles, has successfully tested the emergency parachute ballistic landing system at the factory airport in Písek - Krašovice.
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The Czech company PRIMOCO UAV SE received CZK 90.5 million from investors on the Prague Stock Exchange to finance its further development. The Czech manufacturer of unmanned aircraft issued 364,200 new shares. The newly subscribed shares represent almost 8% of the company's share capital.
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