Primoco UAV SE, Czech UAV producer, continued with intensive manufacturing of UAVs throughout the first quarter to fulfill present orders. The corporate introduced that it’s now finalizing negotiations for brand spanking new orders to provide dozens of further machines. In whole, the corporate plans to promote 50 to 60 new UAVs One 150 this 12 months, in comparison with the 33 UAVs offered final 12 months. The corporate additionally introduced a big enhance in full 12 months gross sales steerage for 2024 to CZK 0.9 to 1.1 billion.
Within the first quarter of this 12 months, Primoco UAV recorded a year-on-year decline in gross sales to CZK 549 thousand from CZK 88 million in the identical interval of 2023. Within the first three months, the corporate reported an working lack of CZK 16 million, in comparison with a revenue of CZK 40 million within the first quarter of final 12 months.
Commenting, Ladislav Semetkovský, the corporate’s CEO and majority shareholder famous that the decline in financial indicators is momentary and is expounded to the truth that the corporate centered intensively on manufacturing within the first three months of this 12 months to fulfil beforehand agreed orders. “Demand for our UAVs stays excessive. We at the moment are finalizing contract negotiations with clients primarily in Europe and Asia for the supply of dozens of latest machines. These orders and the associated monetary efficiency can have a optimistic influence on our leads to the approaching quarters,” Semetkovský mentioned, including that he expects to take care of an EBITDA margin of 40% for this 12 months.
In whole, Primoco UAV plans to promote 50 to 60 new UAVs for the total 12 months 2024, having delivered 33 UAVs to clients final 12 months. The corporate introduced its full-year gross sales steerage for this 12 months at CZK 0.9 to 1.1 billion. After final 12 months’s turnover of almost CZK 600 million, Semetkovský expects this 12 months shall be one other document 12 months. “The sturdy demand for our unmanned programs shall be additionally supported by the completion of the NATO STANAG 4703 army certification,” Semetkovský mentioned.
He additionally confirmed that the corporate is now taking all the required steps to acquire a constructing allow for a brand new manufacturing, service and coaching centre on the premises of its personal airport in Písek. “We anticipate development work to begin in 2025. The entire deliberate quantity of funding is CZK 750 million, whereas the undertaking financing shall be supplied completely from our personal funds. We’ll enhance manufacturing capability to 250 One 150 UAVs per 12 months because of the brand new state-of-the-art services,” the CEO added.
In accordance with Semetkovský, Primoco UAV can be at a complicated stage of negotiations with the federal government of Uzbekistan to determine a manufacturing, coaching and repair centre close to Tashkent in 2025. The ability may produce as much as 100 further UAVs every year for supply to Asian markets. A complete manufacturing capability of 350 machines per 12 months would thus affirm Primoco UAV’s vital international place within the medium-heavy plane phase within the short-term.
