AMMUNITY
Multi-caliber ammunition from pistol to .50 BMG.
Vitality Radar
Pillar Analysis
Strategic Assessment
Strategic Vector
AMMUNITY is positioning itself as Latvia’s sole military small‑caliber ammunition manufacturer and a leading Baltic supplier, now integrated into Scandinavian Astor Group with clear plans to expand both production capacity and market reach into civilian segments.
Efficiency Ratio
Recent revenue growth, positive EBITDA margins, and national security supplier status indicate a relatively high output from a modest-sized team and asset base.
Evidence Signals
Recognized as a strategic supplier to national defence institutions and working closely with the Latvian Armed Forces and government on ammunition production and supply chains.
View sourceSupplies ammunition to the Latvian National Armed Forces and exports to several EU countries and the United States, indicating established international customer relationships.
View sourceSecured €6.3 million in funding from BluOr Bank to expand production capacity and support ongoing development.
View sourceScandinavian Astor Group AB agreed to acquire 100% of AMMUNITY’s shares in 2025, transitioning ownership from local founders to a Swedish defence group.
View sourceClassified as a company of national security significance to the Republic of Latvia and operates under military manufacturer certificates and permits for handling strategically important goods issued by the Ministry of Defence.
View sourceProduct range is focused on military applications with stated plans to expand into the civilian ammunition market in the future.
View sourceReported net sales revenue increase of approximately 80% in 2024 with an EBITDA margin of 21%, and turnover of about €9.3 million, reflecting strong business growth.
View sourceEmployee count around 39 in 2023 and classification as an important national security commercial society since mid‑2024 indicate growing operational capacity and strategic status.
View source