Steyr Motors publishes preliminary figures for 2024 – forecasts met, further growth expected
- Revenue and adjusted EBIT in line with forecast
- Output of 729 motors in 2024
- Outlook for 2025: revenue growth of at least 40% with an output of more than 1,250 motors and an EBIT margin of at least 20%
Steyr, Austria, 19 February 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, generated consolidated revenue of EUR 41.7 million in the 2024 financial year (previous year: EUR 38.1 million) based on preliminary and unaudited figures. EBIT improved year-on-year to EUR 6.4 million (previous year: EUR -5.8 million). This corresponds to an EBIT margin of 15.4% compared to -15.2% in the previous year. EBIT adjusted for one-off effects in connection with the restructuring and costs for the stock market listing amounted to EUR 10.1 million in the 2024 financial year, corresponding to an adjusted EBIT margin of 24.1% (previous year: EUR 3.6 million or 9.4%). The key figures align with the forecasts communicated in October 2024 for the listing of Steyr Motors AG shares on the Frankfurt Stock Exchange.
The robust demand for high-performance gensets in the civil sector and particularly in the defense sector made a significant contribution to growth. At regional level, both the positive business development in Europe and the intensified sales initiatives as part of the expansion into Asia and in the MENA region provided significant momentum in the 2024 financial year.
“We have successfully transformed Steyr Motors and put the company back on a profitable growth path. Based on a high order backlog and promising negotiations with a number of high-profile defense companies as well as the accelerated expansion in Asia, we expect significant growth in 2025 and beyond,” comments Julian Cassutti, CEO of Steyr Motors.
In light of the milestones set in the past financial year, the existing order backlog and ongoing customer discussions, the Management Board expects further strong growth. For the 2025 financial year, Steyr Motors anticipates an increase in revenue of at least 40% compared to the 2024 financial year with an output of more than 1,250 engines (previous year: 729 engines). The Management Board expects an EBIT margin of at least 20%. Growth will be driven in particular by increased activities in Asia, the MENA region and North and South America.
The annual report and the audited figures for the 2024 financial year will be published on 18 March 2025.
Company profile of Steyr Motors AG
Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The Company’s engines are primarily used for military special vehicles, boats (both military and civilian) and as auxiliary power units (“APU”) for main battle tanks and locomotives. In the full year 2024, Steyr Motors generated revenue of EUR 41.7 million and EBIT of EUR 10.1 million. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an adjusted EBIT margin of at least 20% and a production volume of more than 1,250 units.
For further information, please contact:
Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com
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