Czech ammunition and defense supplier STV Group reported a net profit of 7,5 miliardy CZK for the past year, marking a nearly 40 percent increase from the previous period, according to the company’s official annual report filed in the collection of deeds.
Surging Revenues and Major Ukrainian Contracts
Total revenues for STV Group more than doubled year-over-year, climbing to 24,4 miliardy CZK compared to 11,6 miliardy CZK in the prior period. The company explicitly cited the outbreak of the war in Ukraine at the end of February 2022 as the primary catalyst for its production and commercial activities. Beginning in March 2022, the firm began channeling ammunition, tank hardware, and artillery equipment directly toward Ukrainian forces. Initially, those shipments relied largely on reselling ammunition from warehouse reserves and third-party sources. By 2024, however, the vast majority of sales transitioned to the company’s own proprietary manufacturing.
Strategic Production Shifts Amid Market Conditions
Even as broader market prices for military materiel declined last year, STV Group remained highly profitable by replacing expensive foreign subcomponents with in-house domestic production. The firm poured capital into expanding its own facilities, achieving fully localized manufacturing of shell bodies for 155 mm, 152 mm, and 122 mm artillery ammunition. Concurrently, the company advanced preparations to secure complete self-sufficiency in single-base propellants and artillery fuzes.
Domestic Defense Commitments and Corporate Structure
Beyond export markets, STV Group prepared to fulfill domestic military contracts by gearing up to supply 155 mm artillery ammunition for Caesar self-propelled howizers. Owned by Martin Drda and Ludmila Drdová under the parent holding STV Invest, the group operates extensive manufacturing lines spanning small-arms cartridges, medium-caliber rounds, engineering and anti-tank munitions, mortar shells, plastic explosives, and shoulder-fired weapons. The group also includes Poličské strojírny in the Svitavy region, which produces large-caliber ammunition, repairs military equipment, and supplies spare parts. STV Group employed 570 people at the close of the year and distributed 4,5 miliardy CZK in total dividends.