Primoco UAV, the Czech Producer of Unmanned Aircraft, Increased Revenues and Signed New Contracts in Q1 2022

  • Primoco UAV SE’s revenue in Q1 2022 were CZK 21.72 mil., representing an increase of 184% compared to the same period in 2021.
  • EBITDA in Q1 2022 was CZK 12.9 million, which represents a year-on-year increase of 272%.
  • Primoco UAV SE has also signed a contract to deliver an unmanned aircraft to a European client in Q1 2022 with an option for 20 more aircraft.

Prague, April 5, 2022 – Primoco UAV SE significantly increased its revenues in Q1 2022 and achieved results in line with its business plan. “We have managed to significantly increase sales in the first quarter of 2022. At the same time, we have acquired a new client, who has an opportunity to exercise an option for the delivery of another twenty unmanned aircraft,” said Ladislav Semetkovský, CEO. “In the second quarter, we expect to sign a contract in South America, where we won a tender for the delivery of 3 UAVs this year. This is the first contract in this region. In addition, we anticipate signing a contract with two European clients for the delivery of 4 aircraft and a contract in Africa for the delivery of 4 aircraft in 2022. In total, we plan to sell 40 unmanned aircraft in 2022.”

In addition, Primoco UAV SE recorded another significant success among the world’s leading unmanned aircraft manufacturers in February this year. From the Civil Aviation Authority of the Czech Republic, the Primoco UAV One 150 has obtained a EASA LUC (Light Unmanned Certificate) certification in the “Specific” category, which allows it to perform flight activities with internal approval of operations at the company level. This is the first time globally that a LUC certificate has been issued for a European fixed-wing drone. Overall, this is the fifth certificate in Europe, the previous ones being for rotating wing UAVs.. The EASA LUC certificate is the highest qualification that can be obtained under current European regulations.

In addition, the company also announced that as of January 31, 2022, it has discontinued its operations in the Russian Federation and sold 100% of its shares in its subsidiary AO Primoco BPLA. The only reason for this decision was the sanctions regime against the Russian Federation and the impossibility of obtaining the export license needed to operate its own drones.

About the Company

Primoco UAV develops and produces the One 150 civilian and military unmanned aircraft, capable of flying completely independently according to programmed flight plans.   The key features of the aircraft are its size, maximum take-off weight 150 kg, 15 hours endurance, 2,000 km range, cruising speed 100-150 km/h, payload 30 kg and fully automatic take-off and landing.   The company focuses on civil and military aerospace applications, particularly in energy, border and coastal security, fire monitoring and search and rescue operations. The company’s aircraft are in operation on three continents.  Primoco UAV is a publicly traded company on the Prague Stock Exchange in the PX START market. 

For more information, please visit http://www.primocouav.com.

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