Archive for category: Corporate News

Steyr Motors reports steady revenue growth in the first quarter of 2026 – Strong order backlog and increasing momentum in the defense business support growth outlook

  • Total order backlog of EUR 308 million, of which approximately EUR 200 million is legally binding
  • Rising demand in the defense marine sector, particularly for Unmanned Surface Vehicles (USVs), forms the basis for significant growth acceleration in 2026
  • BUKH acquisition strengthens market position in the international defense and specialized boat market and opens up additional revenue potential – consolidation from Q2 2026
  • Several major international projects and tenders scheduled to start from 2027 or already in the second half of 2026
  • Significant increase in earnings and margins expected in the second half of the year – forecast confirmed

Steyr, Austria, 20 May 2026 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civilian applications, made a stable start to the 2026 financial year and remains clearly on a growth trajectory operationally despite a subdued first quarter. A strong order backlog, increasing demand in the defense marine sector, and new European defense programs form the foundation for significant growth acceleration in the second half of the year and beyond.

In the first quarter of 2026, Steyr Motors generated revenues of EUR 11.7 million[1] (previous year: EUR 11.5 million). Revenue development was impacted by delays in larger order volumes from India and the Middle East due to geopolitical tensions surrounding the Iran conflict. The projects concerned remain intact and have merely shifted into later periods.

Adjusted EBIT reached EUR 0.9 million, compared to EUR 2.1 million in the previous year. This was primarily due to strategic upfront investments, including targeted personnel expansion, increased production capacities to support the company’s growth trajectory in 2026 and subsequent years, as well as the postponement of high-margin projects. At the same time, the company expects a significant margin increase over the course of the year driven by higher utilization of existing capacities, execution of the contractually secured order backlog, and deliveries of high-margin spare parts for a leading defense customer.

With a total order backlog of EUR 308 million, of which around EUR 200 million is legally binding, Steyr Motors already has exceptionally high revenue visibility through the end of 2030. The market for unmanned systems (USVs), in particular, is currently developing very dynamically, with Steyr Motors increasingly positioning itself as a technology supplier. The company also expects additional momentum from a follow-up order from the U.S. Navy for approximately 500 boats. Revenue contributions from this program are expected from 2027 onward.

Another strategic growth driver is the acquisition of the Danish BUKH Group, which will be consolidated into the Group’s financial statements starting from the second quarter of 2026. The acquisition is already proving more profitable than originally expected in this early phase. At the same time, through the integration of the BUKH Group, Steyr Motors is tapping into significant tender and cross-selling opportunities, as well as high-margin aftermarket potential in the international defense and specialty boat market.

In addition, further growth potential from 2027 onward – and already in the second half of 2026 – is expected from new European defense programs and ongoing tenders totaling nearly 2,000 vehicles across several countries. At the same time, the newly developed M12 Power Unit is being tested in the first half of the year by both European armed forces and a renowned drone manufacturer. The Company sees substantial potential from 2027 onward for future series orders in the fields of mobile power supply, autonomous systems, and modern military infrastructure.

Julian Cassutti, CEO of Steyr Motors AG, explains: “The timing delays of larger order volumes from India and the Middle East impacted business development in the first quarter. Nevertheless, the strong order backlog, increasing momentum in the field of unmanned systems (USVs), and additional impetus from European defense programs provide a solid foundation for a significant acceleration in business development in the second half of the year.”

Against the backdrop of strong operational momentum, the Management Board confirms its guidance for the 2026 financial year and continues to expect revenues between EUR 75 million and EUR 95 million, with an EBIT margin of at least 15%.

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.

For further information, please contact:

Steyr Motors AG
Investor Relations
Phone: +43 676 6222367
Email: ir@steyr-motors.com
www.steyr-motors.com

Press contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
Email: sh@crossalliance.de
www.crossalliance.de

[1] Of this amount, approximately EUR 1.7 million relates to revenues generated by Steyr Motors with BUKH A/S following the acquisition of BUKH A/S on 25 February 2026. These revenues are reported as third-party revenues, as BUKH A/S was only included in the consolidation scope of the Steyr Group as of 1 April 2026.

Steyr Motors AG completes Management Board and appoints Björn Krausmann as CFO

Steyr, Austria, 19 May 2026 – The Supervisory Board of 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, decided today to expand the Management Board to two members as planned. Effective 1 June 2026, Björn Krausmann will be appointed Chief Financial Officer (CFO) for a term of three years. Together with CEO Julian Cassutti, he will drive the company’s growth strategy as part of a two-member Management Board.

The planned expansion of the Management Board to include a CFO represents a significant step in the planned further development of the organization and, at the same time, takes into account the increasing internationalization of the business. Björn Krausmann has many years of experience in senior financial roles as well as extensive expertise in the areas of corporate development, transformation, and M&A. Most recently, he held a leadership position at the Pfleiderer Group.

In his new role, Björn Krausmann will be responsible in particular for the areas of finance, human resources, and IT.

Dr. Rolf Wirtz, Chairman of the Supervisory Board of Steyr Motors AG, expressly welcomes the appointment: “We are pleased to have gained an experienced CFO in Björn Krausmann, who will contribute his extensive experience specifically to the further development and expansion of Steyr Motors AG. With the expansion of the Management Board – which has been planned for some time and systematically implemented – we are also laying the groundwork for successfully shaping the next  development phase of our Company.”

Julian Cassutti, CEO of Steyr Motors AG, adds: “With Björn Krausmann, we are gaining a proven financial expert with extensive experience in the capital markets, M&A, and international growth financing. I am very much looking forward to the addition to the Management Board. His expertise will play a key role in strategically and financially supporting Steyr Motors’ next phase of growth. Together, we aim to further expand our position in attractive future markets and increase sustainable value for our shareholders.”

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.

For further information, please contact:

Steyr Motors AG
Investor Relations
Phone: +43 676 6222367
E-mail:ir@steyr-motors.com
 www.steyr-motors.com

Press contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
Email:sh@crossalliance.de
 www.crossalliance.de

Successful Annual General Meeting of Steyr Motors AG – Dividend approved and Supervisory Board reconstituted

  • Dividend of EUR 0.25 per share approved
  • All agenda items adopted with strong majority
  • Supervisory Board strengthened with two new members and newly constituted
  • The M12 Power Unit, as a new product category, and new applications in unmanned maritime systems (UMS) open up additional growth potential beyond the current budget

Steyr, Austria, 10 April 2026 – 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, today held its Annual General Meeting for the 2025 financial year in Steyr, Austria.

The shareholders approved the joint proposal of the Management Board and Supervisory Board and resolved to distribute a dividend of EUR 0.25 per share from the net retained profit reported as of 31 December 2025. In total, EUR 1,300,000.00 will be distributed from Steyr Motors AG’s net retained profit of EUR 8,116,308.21. The remaining amount will be carried forward to new account.

As part of the Annual General Meeting, the Supervisory Board of Steyr Motors AG was reconstituted as planned. Dr. Rolf Wirtz and Gerhard Schwartz, two experienced industry and capital markets experts, were newly elected to the board. Dr. Rolf Wirtz, former CEO of thyssenkrupp Marine Systems, was elected Chairman of the Supervisory Board at the constituent meeting. Gerhard Schwartz, most recently Managing Partner at EY, is designated to serve as Chairman of the Audit Committee and will in particular support the further development of the company’s financial and control structures. In addition, Alexander Fitzka, Investment Manager of the B & C Group and a member of the Supervisory Board since August 2025, was re-elected to the Supervisory Board by the Annual General Meeting and appointed Deputy Chairman of the Supervisory Board at the subsequent constituent meeting.

The previous Supervisory Board members Dr. Christian Klingler and Fabian Schlegel did not stand for re-election following the full exit of Mutares SE & Co. KGaA and stepped down from the board at the end of the Annual General Meeting. The Annual General Meeting expressed its confidence in CEO Julian Cassutti as well as in the members of the Supervisory Board for the 2025 financial year and approved all agenda items with a large majority.

In his speech, CEO Julian Cassutti emphasized in particular the strong visibility and significant growth potential of Steyr Motors AG: with a secured order backlog of more than EUR 300 million through 2030 and an additional, clearly identified pipeline of approximately EUR 530 million, this results in a total potential of up to EUR 830 million.

CEO Julian Cassutti placed particular emphasis on new application and growth opportunities that significantly expand the addressable market and offer substantial order potential in addition to the business plan previously communicated. Specifically, this involves the M12 Power Unit as a completely new product category and new application possibilities for the product portfolio in the field of unmanned maritime systems, known as Unmanned Surface Vessels.

With the introduction of the new M12 Power Unit, Steyr Motors has created an additional product category in the field of mobile power supply, thereby specifically targeting high-growth applications in mission-critical defense scenarios. The highly modular and compact unit enables a reliable power supply for anti-drone systems, mobile special forces, as well as field and base camps, thereby meeting a structurally rising demand for decentralized, robust energy solutions. With the M12 Power Unit, Steyr Motors is addressing a market that is projected to grow to a total volume of EUR 37 billion by 2032. Based on strong interest from existing and new customers and high cross-selling potential, initial revenue from the new product is already expected in the current year. “We see a cumulative revenue potential of more than EUR 100 million for the M12 Power Unit by 2030,” said Steyr Motors CEO Julian Cassutti.

At the same time, the expansion of the product portfolio’s range of applications opens up new opportunities in the field of unmanned systems (USV). These are becoming increasingly important, particularly in the maritime defense sector. Initial discussions regarding exclusive purchase agreements are already at an advanced stage. Supported by the existing international distribution network and significant cross-selling potential, Steyr Motors plans to generate cumulative revenue of well over EUR 100 million with this new product category by 2030, thereby establishing another key growth driver.

This will be accompanied by consistent international expansion in the U.S., Asia, and Europe, as well as a high-margin joint venture in ASEAN. The acquisition of BUKH, to be completed by the end of the first quarter of 2026, will serve as a strategic accelerator, strengthening the company’s position as a full-range provider with global market coverage and an immediate contribution to earnings. Long-term partnerships, including with KNDS through 2034 and Rheinmetall, further increase planning certainty.

Julian Cassutti, CEO of Steyr Motors AG: “We have laid the foundation for the next phase of growth in recent months – with a clear strategic direction, new product categories and targeted investments in international markets. In light of a structural supercycle in the defense sector, we see ourselves very well positioned to achieve our ambitious goals and create substantial long-term value for our shareholders.”

Shareholder attendance was 31.11%. Further details on the Annual General Meeting and the full voting results are available in the Investor Relations section at https://ir.steyr-motors.com/en/event/general-meeting-2026/.

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.

For further information, please contact:

Steyr Motors AG
Investor Relations
Phone: +43 676 6222 367
Email: ir@steyr-motors.com
www.steyr-motors.com

Press contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
Email: sh@crossalliance.de
www.crossalliance.de

Steyr Motors AG completes the acquisition of BUKH A/S – Important step into new markets with high synergy potential

  • Closing successfully completed: initial consolidation from Q2 2026
  • Strategic quantum leap: expansion into a full-range provider (24–700 hp) with significantly higher revenue potential per customer
  • Scaling & synergies: strengthening production, sales, and aftermarket with significant cross-selling potential
  • Value-accretive: positive earnings contribution expected already in the first year of consolidation

Steyr, Austria, 7 April 2026 – 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, has successfully completed the acquisition of 100% of the shares in the Danish companies BUKH A/S and SLC Ejendomme ApS. With this transaction, Steyr Motors consistently continues its strategic expansion toward becoming a leading provider of mission-critical defense and marine applications. The initial consolidation of the BUKH Group will start from the second quarter of 2026.

Julian Cassutti, CEO of Steyr Motors AG, comments: “With the successful closing of BUKH, we are taking a strategic quantum leap in our marine and defense business. The expansion of our portfolio, access to new markets, and the resulting synergy potential lay the foundation for further international growth.”

With BUKH, Steyr Motors integrates a leading internationally specialist for SOLAS-certified engines (Safety of Life at Sea) with a globally established distribution and service network. The transaction significantly expands the performance range from the previous range of 120–300 hp to a future range of 24–700 hp. This enables Steyr Motors, for the first time, to offer a nearly complete marine portfolio, significantly increases revenue potential per customer, and enhances competitiveness in international tenders.

At the same time, Steyr Motors achieves substantial scaling effects following the completion of the transaction: sales volume in the SOLAS segment increases significantly, a second European production site strengthens the industrial base and enhances supply chain resilience. In addition, BUKH’s complementary sales network accelerates market access, particularly in Asia and South America, and opens up additional cross-selling opportunities.

Strategically, the acquisition is particularly important in the defense sector. The expanded performance range enables stronger positioning in the growing market for unmanned surface vessels (USVs). At the same time, Steyr Motors further strengthens its position in the SOLAS segment, which is characterized by high regulatory barriers to entry, long spare parts cycles, and a high-margin, recurring aftermarket business.

The acquisition is expected to have a positive impact on earnings already in the first full year of consolidation and will sustainably strengthen Steyr Motors’ operational profitability and EBIT margin in the coming years.

To ensure a smooth integration process, the former owner and CEO of BUKH, Søren Christiansen, will remain on BUKH’s Supervisory Board for at least two years and actively support the integration. As of April 1, Torben Damberg has assumed the operational leadership of BUKH. The mechanical engineer has extensive experience across the industrial value chain and most recently served as CTO/COO at BUKH, where he was responsible for key parts of the operational business.

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.

For further information, please contact:

Steyr Motors AG
Investor Relations
Phone: +43 676 6222 367
Email: ir@steyr-motors.com
www.steyr-motors.com

Press contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
Email: sh@crossalliance.de
www.crossalliance.de

Steyr Motors proposes two experienced industry and capital market experts to the Annual General Meeting for new appointments to the Supervisory Board

Steyr, Austria, 10 March 2026 – 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, is planning to appoint new members to its Supervisory Board and is proposing Rolf Wirtz and Gerhard Schwartz, two experienced industry and capital market experts, as new members of the Supervisory Board at the Annual General Meeting on 10 April 2026.

After the former major shareholder, Mutares SE & Co. KGaA, sold its entire stake in Steyr Motors AG in November 2025, the previous Supervisory Board members and representatives of Mutares SE & Co. KGaA, Dr. Christian Klingler and Fabian Schlegel, are no longer available for re-election. Their term of office on the Supervisory Board will end at the close of the Annual General Meeting on 10 April 2026.

In the invitation to the Annual General Meeting published today, the Company is therefore proposing two new members for election to the Supervisory Board, both of whom have extensive industry and capital market expertise.

Rolf Wirtz is a top manager with many years of experience in the defense sector, most recently serving as CEO of TKMS until 2022. In addition to his in-depth expertise in the defense industry, which is essential for Steyr Motors, he also has extensive management experience in an international industrial context and, as the designated Chairman of the Supervisory Board, will support the Management Board in the further expansion of the business in the military and civil sectors.

Gerhard Schwartz is well known on the Austrian capital market as a financial expert and can look back on a long career as an auditor/tax advisor, most recently as managing partner at EY. As the designated head of the audit committee, he will support Steyr Motors in the further expansion of key financial and control functions in order to successfully position the organisation for further growth.

In addition, the company proposes the re-election of Alexander Fitzka, Investment Manager of the B&C Group, who has been a member of the Supervisory Board since August 2025.

Julian Cassutti, CEO of Steyr Motors: “I am delighted to continue to have a highly qualified and experienced Supervisory Board at my side with the newly proposed Supervisory Board members, who will provide the company with the best possible support and supervision as it takes its next steps towards growth. I would like to express my sincere thanks to the outgoing Supervisory Board members for their open and trusting cooperation for the benefit of the company.”

The Annual General Meeting of Steyr Motors AG will take place on 10 April 2026 at 10 a.m. in Steyr. The relevant documents are available from today on the Steyr Motors AG website in the Investor Relations section at ir.steyr-motors.com.

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.

For further information, please contact:

Steyr Motors AG
Investor Relations
Phone: +43 676 6222 367
Email: ir@steyr-motors.com
www.steyr-motors.com

Press contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
Email: sh@crossalliance.de
www.crossalliance.de

Steyr Motors publishes 2025 Annual Report – accelerated growth expected in 2026 – new applications in unmanned surface vehicles and power generators as additional growth drivers

  • Revenue rises by 16.4% to EUR 48.5 million
  • Adjusted EBIT at EUR 7.0 million, adjusted EBIT margin of 14.5% achieved
  • Total order backlog increased to over EUR 300 million by the end of 2030
  • Strategic acquisition of BUKH strengthens marine and defense position
  • Outlook for 2026: Revenue of EUR 75 to 95 million expected with an EBIT margin of at least 15%

Steyr, Austria, 6 March 2026 – 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, today published its Audited Annual Report for the 2025 financial year, confirming the preliminary figures announced on 3 February 2026. The company achieved double-digit revenue growth, met its adjusted earnings forecast and, in the reporting year, set the strategic course for a significant expansion of its business activities in the current 2026 financial year and beyond.

Operational development in 2025 – profitable growth despite temporary effects

Steyr Motors increased its revenue in the 2025 financial year by 16.4% to EUR 48.5 million (previous year: EUR 41.7 million). Growth was driven by higher sales volumes for engines as well as increases in the spare parts and engineering business.

EBIT reached EUR 5.8 million, corresponding to an EBIT margin of 11.9%. Adjusted for one-off M&A consulting costs and capital market-related effects from the Extraordinary General Meeting, EBIT amounted to EUR 7.0 million, corresponding to an adjusted EBIT margin of 14.5%.

Business performance in 2025 was influenced by temporary project-related delays, including delayed budget approvals by government institutions and date-related postponements of highly profitable license revenues. However, the existing order backlog and extensive sales pipeline underscore the structurally strong demand base.

The Management Board and Supervisory Board intend to propose to the Annual General Meeting on 10 April 2026 that a dividend of EUR 0.25 per dividend-bearing share be distributed for the 2025 financial year.

Record order backlog ensures high visibility until 2030

As of 31 December 2025, the total order backlog – consisting of firm orders, framework agreements and non-binding sales commitments – amounts to over EUR 300 million through the end of 2030. This gives Steyr Motors high planning and sales visibility for the coming years.

New strategic framework agreements with renowned partners – including Rheinmetall Landsysteme GmbH, Laborde Products Inc. (USA) and other new customers in North America and Asia – are strengthening the company’s international market position in the long term. In addition, there are further opportunities with a volume of more than EUR 500 million that have not yet been budgeted.

Technological development and new growth areas

In the 2025 financial year, Steyr Motors made significant progress in the further development of its technology and product portfolio. With the 2-cylinder auxiliary power unit (APU) for military applications and a new generation of engines in the 300 to 500 hp power range, the company is specifically targeting additional applications in the marine and special vehicle sectors.

With the modular M12 Power Unit (M12PU), a new business segment in the field of mobile power generation has also been successfully established, opening up cumulative sales potential of well over EUR 100 million by 2030. With a superior power-to-weight ratio, the M12PU stands out from leading players in the market. The start of series production is scheduled for the second half of 2026.

In addition, Steyr Motors is tapping into additional market opportunities in the field of unmanned surface vehicles (USVs), positioning itself in a strategically important growth segment of the defense sector.

Strategic acquisition of BUKH – expansion to become a full-range supplier in the marine sector

With the agreement signed in February 2026 to acquire the Danish company BUKH A/S, Steyr Motors is specifically strengthening its position in the international marine and defense business. BUKH is a leading manufacturer of SOLAS-certified engines for rescue and military boats.

Through the integration, Steyr Motors is expanding its performance range to 24 to 700 hp and positioning itself as a virtually comprehensive supplier for mission-critical marine applications. The transaction opens up additional tendering and cross-selling potential, strengthens the high-margin aftermarket business, and will have an EBIT-boosting effect in the first full year of consolidation. In addition, the industrial base will be expanded to include a second European production site.

Outlook for 2026 – significant acceleration in growth expected

Against the backdrop of a high order backlog, increasing defense spending, and the strategic expansion of the portfolio, the Management Board expects a significant expansion of business activities in the 2026 financial year.

Revenue is expected to rise to between EUR 75 million and EUR 95 million. The EBIT margin is expected to be at least 15%. Growth drivers include intensified market activities in Asia, the MENA region, and North America, momentum from the new mobile energy generation business segment, expansion in the field of unmanned systems, and planned M&A transactions.

The medium-term forecast for the 2027 financial year remains unchanged.

Julian Cassutti, CEO of Steyr Motors: “2025 was a year of strategic decisions for Steyr Motors – 2026 and the following years will be marked by consistent scaling. Despite temporary postponements of some projects, we achieved double-digit revenue growth, an adjusted EBIT margin of 14.5%, and created high visibility with an order backlog of more than EUR 300 million until 2030.

At the same time, we have consistently expanded our technological foundation and, with the acquisition of BUKH, taken the decisive step towards becoming a full-range supplier in the mission-critical marine sector. With new platforms, our entry into mobile energy generation and a strong international pipeline, we are addressing structural growth drivers in the defense and special applications environment.

Against this backdrop, we expect a significant acceleration in revenue and earnings in 2026. Our goal is clear: profitable, high-margin growth and the consistent expansion of our global market position.”

Annual Report and Conference Call

The 2025 Annual Report is available on the Steyr Motors AG website in the Investor Relations section at ir.steyr-motors.com.

A conference call for representatives of the press, analysts, and institutional investors will also take place today at 9:00 a.m. (CET). The current investor presentation on the 2025 financial results will be published at ir.steyr-motors.com. Registration for the earnings call is possible at the following link:

https://webcast.meetyoo.de/reg/iwx5jgQP9vVv

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.

For further information, please contact:

Steyr Motors AG
Investor Relations
Phone: +43 676 6222 367
Email: ir@steyr-motors.com
www.steyr-motors.com

Press contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
Email: sh@crossalliance.de
www.crossalliance.de

Steyr Motors secures new long-term framework agreement with KNDS until 2034 for at least 500 motor generator units

  • Expansion of strategic cooperation with KNDS, a leading European systems integrator for land systems
  • Significant contribution to the planned ramp-up of Leopard 2 production as part of European defense modernization
  • Strengthening Steyr Motors’ role as a reliable supplier of mission-critical power supply systems
  • Additional backing for production volumes and technological expertise at the Austrian site

Steyr, Austria, 02 March 2026 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civilian applications, announces the conclusion of an extended framework agreement with KNDS. The contract covers the delivery of at least 500 motor generator units (“MGUs”) in total and runs until 2034. This agreement represents a significant milestone in the long-standing partnership between the two companies.

The compact 2-cylinder diesel engines with integrated generator are used for reliable power generation in military applications and are specifically designed for the Leopard 2 battle tank. The units are also used in the Leguan bridge-laying system.

The new order is part of the German government’s extensive modernization and procurement programs. Given the changed security situation in Europe, Germany is investing heavily in expanding and modernizing its armed forces, particularly by acquiring new equipment and vehicles. A central component of this strategy is the planned ramp-up of systems such as the Leopard 2 battle tank. With its technologically advanced motor generator units, Steyr Motors is contributing significantly to the successful implementation of these initiatives.

Julian Cassutti, CEO of Steyr Motors, comments: “Our new framework agreement with KNDS highlights our customers’ trust in the quality, reliability, and performance of our products. As a European manufacturer of state-of-the-art drive solutions, we are proud to make a substantial contribution to the operational readiness and long-term viability of European defense systems.”

Steyr Motors’ MGU is characterized by its compact design, high robustness, and outstanding efficiency. It ensures the self-sufficient power supply of cutting-edge military platforms – a key requirement in increasingly digitized and networked deployment scenarios. With the extended contract, Steyr Motors is strengthening its position as a strategic supplier in the field of special military drives and emphasizing the importance of Austrian high-end technology within the European defense industry.

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.

For further information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com

Press contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Steyr Motors AG acquires BUKH A/S – strategic expansion to become the leading supplier for mission-critical defense and marine applications

  • Acquisition of Danish marine engine manufacturer BUKH A/S – a leading international SOLAS specialist with a strong global distributor and service network
  • Expansion of the service range to an almost comprehensive marine portfolio enables significantly increased revenue potential per customer
  • Acquisition expands opportunities in the defense sector for unmanned surface vessels (USV)
  • Strengthening of position as leading SOLAS player in the civil and defense segment with recurring aftermarket business
  • Acquisition already contributing to EBIT in its first full year of consolidation, while maintaining a solid capital structure

Steyr, Austria, 25 February 2026 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civilian applications, has today signed a binding agreement for the acquisition of 100% of the shares in the Danish companies BUKH A/S and SLC Ejendomme ApS. BUKH A/S is a leading international specialist in SOLAS-certified engines for rescue and military boats. This acquisition marks a strategic step for Steyr Motors in becoming a broadly positioned, globally scalable supplier in the field of mission-critical marine applications.

Comprehensive marine engines portfolio

By integrating BUKH, Steyr Motors is expanding its range of engines from the previous 120 to 300 hp to 24 to 700 hp in the future. This creates a virtually comprehensive portfolio of marine engines for the first time, enabling Steyr Motors to position itself as a full-range supplier. The expanded product range opens up new opportunities for Steyr Motors to participate in international tenders across multiple performance levels, significantly increasing the revenue potential per customer. At the same time, it further strengthens the company’s position as a system provider in the field of mission-critical marine applications.

BUKH is internationally recognized as a leading supplier in the SOLAS (Safety of Life at Sea) segment – a highly regulated market with high barriers to entry and long-term spare parts and service cycles. The globally applicable SOLAS regulations define binding requirements for ship safety, rescue equipment (e.g. lifeboats), fire protection, emergency and evacuation systems, among other things. The engines are used in particular in lifeboats, fast rescue boats, civil special applications, and in the defense sector – wherever maximum reliability under extreme conditions is required. Founded in 1899 and headquartered in Krusaa, Denmark, BUKH employs staff in Denmark and China. The company is led by an experienced, well-connected, and dedicated management team.

Significant scaling effect

BUKH’s annual sales volume of SOLAS-certified engines is around four times the previous SOLAS marine volume of Steyr Motors. In addition to a significant increase in unit numbers, the transaction strengthens the industrial base with a second European production site and, at the same time, increases supply chain resilience.

In addition, BUKH has a strong international distributor and service network, which significantly improves market access, particularly in Asia and South America. This complementary customer and sales structure enables immediate cross-selling potential and accelerated international scaling without additional infrastructure investments. Significant sales synergies are also expected.

The expanded performance range opens up additional opportunities – especially in the field of unmanned surface vessels (USVs). Steyr Motors is already experiencing strong growth in demand in this area, but has not been able to take on all projects due to its limited performance range. The integration of the BUKH platform strategically closes this gap.

At the same time, the acquisition strengthens the company’s position as leading SOLAS player in the civil and defense marine segment. SOLAS certifications create long-term customer loyalty, recurring aftermarket revenue, and a stable, high-margin business structure.

High synergy and margin potential

The combination of both companies opens up substantial operational and strategic synergy effects. The complementary product portfolios and sales structures create immediate cross-selling potential, particularly in the high-margin aftermarket business, which traditionally generates above-average spare parts and service profits in the SOLAS segment.

A key strategic lever lies in the planned platform strategy: combining BUKH’s SOLAS integration expertise with Steyr Motors’ know-how and base engines creates a foundation for accelerated development cycles, shorter time-to-market processes, and more efficient R&D resource utilization. In addition, harmonizing IT and support structures creates further efficiency opportunities at the Group level. Overall, Steyr Motors expects the integration to result in a sustainable improvement in operating profitability and a structural strengthening of EBIT margins in the coming years.

Julian Cassutti, CEO of Steyr Motors, comments: “By acquiring BUKH, we are gaining a globally recognized SOLAS specialist for mission-critical applications. With an expanded performance portfolio, we can immediately address additional market opportunities, particularly in the rapidly growing USV segment, where we are already experiencing very high demand. This transaction represents a strategic quantum leap for us in the marine and defense business and also marks the start of a series of potential further acquisitions as part of our strategic M&A agenda.”

Financing of the transaction

The purchase price will be financed through a balanced combination of cash and a capital increase by contribution in kind. A significant portion of the purchase price will be paid in cash, while the remaining portion will be paid through the issuance of new shares from authorized capital. The seller is subject to a lock-up obligation. Additionally, an earn-out model linked to operating performance indicators for the coming financial years has been agreed upon, thus ensuring that the interests of the buyer and seller are aligned. The transaction structure is designed to maintain Steyr Motors AG’s solid capital structure while allowing scope for further organic growth and strategic initiatives. On an EBIT basis, the acquisition will already have a clear value-enhancing effect in the first full year of consolidation.

The transaction is subject to customary conditions precedent and is expected to close by the end of the first quarter of 2026.

Continuity of leadership

To ensure a smooth integration process, the previous owner and CEO of BUKH, Søren Christiansen, will remain on the BUKH Supervisory Board for at least two to three years and actively support the integration. This will ensure the transfer of knowledge, stability of distributors, and continuity of operations.

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.

For further information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com

Press contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Steyr Motors: Earnings Call Invitation on the Publication of the FY 2025 Annual Report on Friday, March 6, 2026, at 9:00 (CET)

Steyr, Austria, 25 February 2026 – 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, will publish its FY 2025 Annual Report on March 6, 2026. An earnings call will be held on that day at 9:00 (CET).

The event will be hosted by Julian Cassutti, CEO of Steyr Motors, who will lead through the results of the financial year 2025 and the outlook for 2026, as well as an overall picture of the business development of Steyr Motors, followed by a Q&A session.

The presentation will be held in English.

To participate in the earnings call, please register here:

https://webcast.meetyoo.de/reg/iwx5jgQP9vVv

All participants will be on mute during the presentation. Participants who wish to ask a question, may do so after presentation during the Q&A session.

The accompanying presentation will also be available on the company’s website at https://ir.steyr-motors.com/en/publications/ prior to the start of the earnings call.

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.

For further information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com

Press Contact in Germany, Austria, Schweiz
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

Steyr Motors Transitions Group Structure to a Holding Model – Platform for Accelerated Growth and International Expansion

  • Creation of a clear holding structure that separates strategic management from operational business
  • Increased financial flexibility and transaction capability to support planned M&A activities
  • Optimization of governance, risk structure, and scalability to support sustainable international growth

Steyr, Austria, 17 February 2026 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civilian applications, is planning a strategic realignment of its corporate structure. Its operational business activities are to be transferred to a wholly-owned subsidiary, with Steyr Motors AG set to function as a strategic holding company in future.

With this reorganization, Steyr Motors is creating the structural foundation for its next phase of growth. The clear separation between strategic management and operational business activities enhances transparency and efficiency in corporate leadership and strengthens governance.

The holding structure enables greater transactional flexibility, as acquisitions, investments, or joint ventures can be structured and financed flexibly at the level of individual subsidiaries – with clear risk separation and optimized capital allocation, as well as faster integration of new business areas. In addition, the new structure improves financing options. Individual business units can be provided with equity or debt capital in a targeted manner, while at the same time increasing the company’s attractiveness to strategic investors and financing partners. At the same time, central functions are consolidated across the Group, and key intangible assets as well as core technologies are structurally safeguarded. This increases the scalability of the business model and creates a robust platform for both organic and inorganic growth.

Julian Cassutti, CEO of Steyr Motors: “With the new holding structure, we are establishing the organizational and financial foundation for Steyr Motors’ next stage of development. Specifically, we are preparing the Group for planned acquisitions and creating the flexibility to efficiently integrate new business areas and technological expertise. Our goal is to further develop Steyr Motors as a technologically advanced, globally scalable group of companies.”

The restructuring is subject to the approval of Steyr Motors AG’s Annual General Meeting on April 10, 2026. Approval from the Steyr Motors AG Supervisory Board for the resolution in principle is expected in the coming days.

Further details on the planned restructuring will be published in the Management Board’s de-merger report, along with the invitation to the Annual General Meeting.

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.

For further information, please contact:

Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: ir@steyr-motors.com
www.steyr-motors.com

Press contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de

STEYR MOTORS AG
Im Stadtgut B1
A-4407 Steyr
Austria

Our Investor Relations team will be happy to answer your questions.

STEYR MOTORS AG
Carina Hentschel

Contact Investor Relations/Press

CROSS ALLIANCE communication GmbH
Susan Hoffmeister

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