Tatra Defence Vehicle (TDV), based in Kopřivnice in the Novojičínsko region, is a company specializing in the production, repair, and modernization of military vehicles. In the year 2022, the company saw a significant increase in its revenue, soaring from 234.6 million to 950.1 million Czech koruna. This impressive growth also reflected in the company’s net profit, which surged nearly thirty-fold from 3.7 million to 109.4 million Czech koruna. These figures were disclosed in the company’s annual report published in the Collection of Deeds.
One of the key factors contributing to TDV’s success is its involvement in strategic projects and contracts, which have already been secured. This has led to a positive outlook for the company in the coming years, particularly in the areas of military technology production and servicing. Tomáš Jurenka, a member of the board of directors, expressed confidence in the company’s future stability in the annual report.
TDV’s portfolio includes the production, maintenance, and repair of armored vehicles such as Pandur II and Titus. These vehicles are utilized by the Czech army, showcasing the company’s contribution to national defense. Additionally, TDV has been involved in a contract to supply 879 vehicles to the Belgian army, with the production of the final batch expected to be completed by 2025.
In terms of financials, as of December 31, 2022, TDV’s total assets amounted to 4.11 billion Czech koruna. The majority of these assets consisted of current assets totaling 3.61 billion Czech koruna, including inventory valued at 2.77 billion and receivables amounting to 566.9 million Czech koruna. The company also reported short-term advances received totaling 2.81 billion and long-term advances received amounting to 536.9 million Czech koruna.
In 2022, TDV employed an average of 174 individuals, an increase of 51 compared to the previous year. The company is part of the Czechoslovak Group (CSG) owned by entrepreneur Michal Strnad. In July, CSG announced plans to invest over 300 million Czech koruna in building a new production hall at TDV. This investment is expected to create 40 to 60 new jobs, demonstrating CSG’s commitment to expanding and enhancing TDV’s operations.
In conclusion, Tatra Defence Vehicle’s remarkable growth and success in 2022 underscore its position as a key player in the defense industry. With a strong focus on production quality, servicing capabilities, and strategic partnerships, TDV is poised for continued growth and innovation in the years to come.