Corporate News Archive - Page 2 of 3

Successful first Annual General Meeting of Steyr Motors AG

Dividend of EUR 0.55 per share approved
Management and Supervisory Board discharged with large majority
Full approval of all agenda items

Steyr, Austria, 8 May 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, yesterday held its first Annual General Meeting following its successful stock market listing in Steyr, Austria.

The shareholders’ meeting approved the joint proposal of the Management and Supervisory Board and resolved to distribute a dividend of EUR 0.55 per share out of the net retained profit as of 31 December 2024. In total, EUR 2,860,000.00 will be distributed from Steyr Motors AG’s net retained profit of EUR 7,814,039.88. The remainder of the retained profit will be carried forward.

The Annual General Meeting expressed its confidence in CEO Julian Cassutti and the members of the Supervisory Board for the (partial) fiscal year 2024 and approved all agenda items with a large majority. In his speech, CEO Julian Cassutti highlighted the company’s successful repositioning and the visible progress of its international expansion. Numerous large-scale orders from military and civilian customers around the globe confirm this trajectory and ensure a solid workload for Steyr Motors, with an order volume of approximately EUR 200 million spanning several years.

“The new demand for security and the significant need to catch up on defense readiness are creating a special cycle expected to last ten years or more. We are entering a phase of strong growth and sustained profitability thanks to our full order books and the prospect of further high-volume contracts fueled by new defense budgets. We can look to the future with full confidence,” said Julian Cassutti, CEO of Steyr Motors AG.

Shareholder attendance was 55.18%. Further details on the Annual General Meeting and the full voting results are available at www.steyr-motors.com in the Investor Relations section.

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 an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of well above 20%, and a production volume of at least 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

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

Press contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

8. May 2025

Steyr Motors AG underpins its internationalisation strategy with order from India

Corporate News

Contract signed with Ghatge Patil Industries (GPI) for 450 motors and spare parts
Delivery over three years from 2025 to 2027 with continuously increasing quantities
Strengthening the market position in Southeast Asia and expanding the partnership with renowned industrial partners in India

Steyr, Austria, 2 April 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, has signed a contract with the Indian industrial company Ghatge Patil Industries (GPI). The agreement covers the delivery of a total of 450 high-performance diesel engines and spare parts with a total value of more than EUR 10 million over a period of three years.

The contract with GPI – a renowned manufacturer of precision-engineered components for the offshore, marine and energy industries – emphasises the growing importance of India in Steyr Motors’ international business. India is one of the strategically most important growth markets for Steyr Motors worldwide. The dynamically growing country offers enormous potential in the industrial and military sectors.

“After China and neighboring countries as well as South America, India is one of the largest growth regions for the coming years and an important market for Steyr Motors to expand its international presence. We believe that our activities in India will have a noticeable impact on our figures, especially from 2027 onwards,” says Julian Cassutti, CEO of Steyr Motors AG.

India has proposed a defence budget of the equivalent of almost USD 79 billion for the financial year 2025/2026. This amount corresponds to around 1.9% of the gross domestic product (GDP) and serves as an indicator of the high volume of investment in security-related technologies. The high-performance product portfolio of Steyr Motors is ideally suited to these requirements and is specially tailored to local Indian customers. Steyr Motors is accelerating its market entry in India through possible future joint ventures and local partnerships in order to respond to local customer needs in a targeted manner.

“While we see great expansion opportunities for the future in India, the first quarter of 2025 makes me very confident that we will fulfill our plans in our traditional European market,” adds Julian Cassutti.

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 an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of well above 20%, and a production volume of at least 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

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

Press contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

2. April 2025

Steyr Motors AG is considering initial acquisitions to further develop its expansion and profitability alongside strong global organic growth

Corporate News

Steyr, Austria, 25 March 2025 – Steyr Motors AG (ISIN AT0000A3FW25, ‘Company’), one of the world’s leading companies in the field of customized engines for mission-critical defense and civil applications, is on a clear growth path and is exploring the market for external acquisitions to expand its portfolio and achieve even more aggressive growth.

The Company is anticipating very high demand from European and international allies. With the special funds approved in Germany, similar scenarios will arise in other large European countries in the coming months and years, and defense budgets will increase significantly. As a continental supplier, Steyr Motors will benefit from this to a greater extent than previously assumed.

In international business, the main drivers of sales growth were the successful expansion in Asia, with new sales channels in China and new customers in Taiwan, Vietnam, India and Indonesia. In addition, the MENA region has been defined as a strategic growth region and the sales network there has been expanded. In particular, the North American market offers tangible opportunities here. The Management Board expects a significant tailwind from the internationalisation strategy.

To further accelerate this growth, the Company is currently exploring the European and Asian markets in particular for possible acquisitions. This should enable the further development and expansion of sales structures, but also an expansion of the product portfolio for existing customers. The Company aims to complete at least one successful acquisition in this financial year.

Julian Cassutti, CEO of Steyr Motors: “We are currently actively looking for acquisition targets in the market in order to further accelerate the exceptionally strong demand for our products and to expand our geographical and product range. These potential acquisitions would enable Steyr Motors to significantly exceed its growth targets for the period up to 2027. We are at the beginning of an exciting journey and I look forward to the successes in 2025 and beyond.”

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 an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of well above 20%, and a production volume of at least 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

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

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

25. March 2025

Steyr Motors publishes Annual Report 2024 – Forecast achieved, strong growth with high profitability expected in the 2025 financial year

Corporate News

Adjusted EBIT multiplied to EUR 10.1 million (previous year: EUR 3.6 million)
Adjusted EBIT margin of 24.3% achieved (previous year: 9.4%)
Revenue increase by 9.2% to EUR 41.7 million
Outlook for 2025: revenue growth of at least 40% and EBIT margin well above 20% expected
Total backlog of firm orders, framework agreements and non-binding sales commitments until the end of 2027 increases to almost EUR 200 million

Steyr, Austria, 18 March 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, today published its annual report for the 2024 financial year. The Group has successfully increased revenue and, in particular, significantly improved its earnings. For the 2025 financial year, Steyr Motors is anticipating continued strong revenue and earnings growth, given the security policy environment.

Steyr Motors generated revenue of EUR 41.7 million in the 2024 financial year (previous year: EUR 38.1 million). EBIT adjusted for special effects in connection with the restructuring and costs for external consultants amounted to EUR 10.1 million in the 2024 financial year, corresponding to an adjusted EBIT margin of 24.3% (previous year: EUR 3.6 million or 9.4%).

The strong demand for high-performance engines in both the defense and civil sectors was a major contributor to the successful performance in 2024. With a share of 61%, the “Defense” segment continued to make the largest contribution to total revenues, growing by 6.9% to EUR 25.6 million in 2024.

From a regional perspective, the main drivers of revenue growth in the 2024 financial year were the successful expansion in Asia with new sales channels in China and new customers in Taiwan, Vietnam and Indonesia. In addition, the MENA region was defined as a strategic growth region and the sales network there was expanded. In the USA, Steyr Motors further intensified the supply of engines to the US Navy Seals.

In recent months, Steyr Motors has systematically entered new markets and expanded its international presence through strategic cooperations. In addition to the expansion of the distributor network, new sales contracts were successfully concluded with sales agents in Asia – including Indonesia as a new market on top of the activities in China – as well as in India, South America, the USA and other regions. The company’s Management Board expects to conclude further significant contracts with long-term revenue potential in 2025.

“We are currently experiencing very dynamic growth in demand for our products in the defense sector, but also in the civil sector. Our expansion activities, particularly in Asia, where we are leveraging our expertise and market position, especially in maritime applications, are bearing fruit”, comments Julian Cassutti, CEO of Steyr Motors.

The significant improvement in earnings is a result of the optimisation measures already implemented in 2023 and the price increases agreed upon with customers. As a result of the positive business development, the company’s cash and cash equivalents increased from EUR 5.7 million at 31 December 2023 to EUR 8.2 million at the balance sheet date 2024. Thanks to the realized surge in earnings and the proceeds from the newly issued shares ahead of the stock market listing, the equity of Steyr Motors AG also increased to EUR 22.4 million as of 31 December 2024 (previous year: EUR 15.4 million). This resulted in a significantly improved equity ratio of 62.6% (previous year: 48.3%). Steyr Motors thus has a solid basis for financing its targeted growth.

CEO Julian Cassutti: “We have successfully completed the transformation of Steyr Motors to sustainable profitability and will use the growth opportunities arising from the turnaround and the political security challenges ahead of us, as well as our international expansion, to drive the company’s growth. We already have a strong order backlog, we are in promising negotiations with a number of high-profile defense companies and we are accelerating our global expansion, so we are looking forward to the current year and beyond with great confidence.”

Based on current market forecasts, which assume growth in all markets relevant to Steyr Motors, and against the backdrop of the existing order backlog of almost EUR 200 million, consisting of firm orders, framework agreements and non-binding sales commitments until the end of 2027, as well as ongoing customer negotiations, the Management Board expects further strong growth in both the civil and military sectors. 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 at least 1,250 engine units (previous year: 729 engine units). The Management Board expects an EBIT margin to be well above 20%. Growth will be driven mainly by increased activities in Asia, the MENA region and the Americas. Steyr Motors is becoming a global player, supported by strong market demand. In the medium term, more than 3,000 engine units are expected to be produced by 2027, with a corresponding increase in revenue and a stable EBIT margin of over 20%, which will lead to at least a fourfold increase in adjusted EBIT compared to 2024. Due to the strong operating result in 2024, the Management Board and Supervisory Board will jointly propose a dividend of EUR 0.55 per dividend-entitled share to the Annual General Meeting for the 2024 financial year.

Annual Report and Conference Call

The Annual Report 2024 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 be held today at 14:00 (CET). The current investor presentation on the 2024 financial figures will be published on ir.steyr-motors.com. Registration for the earnings call is possible under the following link: https://webcast.meetyoo.de/reg/cXxWup8tPYuA

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 an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an EBIT margin of well above 20%, and a production volume of at least 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

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

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

18. March 2025

Steyr Motors confirms successful global business development strategy with further framework agreement from Brazil – Order backlog increases to almost EUR 200 million by 2027

Corporate News

Success of the business development strategy to exploit previously untapped regions and potential becoming evident
Framework agreement from Brazil underlines successful internationalisation of sales
Order backlog increases to almost EUR 200 million by 2027
Strong global demand with a clearly positive outlook until 2030 for continued revenue and earnings growth

Steyr, Austria, 14 March 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, has signed a long-term framework agreement with a Brazilian customer, providing Steyr Motors with a strong foundation for the South American market. This agreement underscores the trust international customers have in the company’s outstanding technology and innovative strength. At the same time, it provides further evidence of the success of the global business development strategy pursued as part of Steyr Motors AG’s transformation.

Expansion underpins ambitious growth targets

As part of the IPO, the Management Board of Steyr Motors has drawn up a business plan up to 2027, which envisages sustained and dynamic growth of around 40% p.a. in revenue and a quadrupling of (adjusted) EBIT compared to 2024. In recent months, the company has focused on developing new business opportunities and has consistently expanded its international presence through cooperation agreements in regions not previously covered by Steyr Motors. The strategy includes targeted market development and the establishment of long-term partnerships in various high-growth regions of the world to exploit untapped expansion potential. In addition to intensive customer visits, the company has significantly strengthened its network of distributors. Furthermore, new distribution agreements were successfully concluded with sales agents in Asia – including Indonesia as a new market on top of the activities in China – as well as in India, South America, the USA and other regions.

The first successes of this expansion strategy are already visible. Steyr Motors has been able to conclude extensive agreements in several regions, which underline the strong confidence in the technology and innovative power of Steyr Motors. In addition to the newly won framework agreement from Brazil, the successful expansion strategy is also reflected in the new orders from China, respectively Asia and the USA, that have been announced in recent weeks. In addition, Steyr Motors’ excellent position in the defense sector was confirmed by the conclusion of a framework agreement with Rheinmetall. The company’s Management Board expects to conclude further framework agreements with significant sales volumes in the short, medium and long term in the course of 2025.

Order backlog rises to almost EUR 200 million by 2027

The consistent market development has already led to a noticeable increase in the order backlog of Steyr Motors AG. This is made up of firm orders, framework agreements and non-binding but concrete commitments, currently amounting to almost EUR 200 million with a visibility up to 2027. The framework agreements also offer significant medium- to long-term potential for additional orders beyond the minimum agreed upon in the order backlog. Moreover, further contracts are about to be signed, which would increase Steyr Motors’ order backlog for the period after 2027 by an additional EUR 150 million. The Management Board assumes that this volume will increase significantly due to the long-term framework agreements in the defense sector.

Julian Cassutti, CEO of Steyr Motors, comments: “We firmly believe that global market conditions offer significant opportunities for Steyr Motors in the short, medium and long term. The increasing demand for highly efficient drive solutions opens up immense growth potential for us in all business areas. While our activities in Asia are strengthening our civil segment in particular, the special boom in the defense business is being fuelled primarily by the rising defense budgets of the NATO countries. I expect to benefit from economies of scale here as well, and together with my team, I am extremely positive about the future of Steyr Motors.”

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 an (adjusted) EBIT margin of 24%. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of at least 40%, an adjusted EBIT margin above 20%, and a production volume of at least 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

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

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

14. March 2025

Steyr Motors: Earnings Call Invitation on the Publication of the FY 2024 Annual Report on Tuesday, March 18, 2025 at 14:00 (CET)

Corporate News

Steyr, Austria, 11 March 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, will publish its FY 2024 Annual Report on March 18, 2025. An earnings call will be held on that day at 14:00 (CET).

The event will be hosted by Julian Cassutti, CEO of Steyr Motors, who will lead through the results of the financial year 2024 and the outlook for 2025, 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/cXxWup8tPYuA

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. 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

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

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

11. March 2025

Steyr Motors has signed a major development and supply agreement with Rheinmetall Landsysteme GmbH

Corporate News

Steyr, Austria, 11 March 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, has signed a substantial framework agreement with Rheinmetall Landsysteme GmbH.

Strategic partnership for future-proof technology

Rheinmetall Landsysteme GmbH, a subsidiary of Rheinmetall AG, is a leading manufacturer of tactical vehicles and focuses on innovative technologies to increase the performance and efficiency of defence platforms. Steyr Motors AG is contributing its many years of experience and technological expertise in the development of high-performance diesel engines and power generators to this partnership.

Cooperation with added value

“The cooperation with Rheinmetall Landsysteme GmbH underlines the innovative strength of both companies and sets new standards in the development of modern military platforms. We at Steyr Motors AG are pleased to be able to contribute our technological capabilities to this pioneering project and to work together with our customer on forward-looking solutions for the defence industry,” comments Julian Cassutti, CEO of Steyr Motors.

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

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

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

11. March 2025

Steyr Motors publishes preliminary figures for 2024 – forecasts met, further growth expected

Corporate News

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

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

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

19. February 2025

Steyr Motors opens office in Indonesia and announces secondary listing on the Vienna Stock Exchange

Corporate News

Steyr Motors expands presence in the Asian market with new office in Jakarta
Secondary listing of Steyr Motors shares in the direct market plus segment of the Vienna Stock Exchange as of February 10, 2025
Regional expansion and higher visibility on the capital market

Steyr, Austria, 4 February 2025 – Steyr Motors AG (ISIN AT0000A3FW25), one of the world’s leading companies in the field of tailor-made engines for mission-critical defense and civil applications, is pleased to announce two further milestones in the company’s development: The opening of an additional office in the Asian market and the secondary listing of Steyr Motors AG shares on the Vienna Stock Exchange as of February 10, 2025.

Expansion of Asian presence with office opening in Jakarta

Steyr Motors AG officially opened a new office in Jakarta, Indonesia as part of the announced major expansion phase in Asia. The company is thus taking another important step to further accelerate its growth in the booming Asian region. With the new location, Steyr Motors is creating a strong presence in Indonesia, one of the largest and most dynamic markets in Southeast Asia. At the same time, Steyr Motors AG signed contracts with two new dealers. These partnerships underpin Steyr Motors’ commitment to building a comprehensive network in Indonesia and will enable the company to effectively serve customers with innovative engine technology in this emerging civil marine market, increase service availability and support the company’s long-term growth.

“The Steyr Motors Indonesia Office provides a solid foundation to increase product sales and provide excellent support to our valued customers in the region,” said Jianfang Meng, Regional Sales Director of Steyr Motors.

“Following the positive development in the 2024 financial year, during which, based on the current status of the financial closing process, we have met our revenue and earnings forecast, we are opening another exciting chapter for our business development in Southeast Asia with the new office in Jakarta. It is another important step to expand our sales network across the ASEAN region. We look forward to the opportunities and growth that await us in this promising market,” adds Julian Cassutti, CEO of Steyr Motors.

Secondary listing of the Steyr Motors share on the Vienna Stock Exchange from February 10, 2025

Parallel to its international expansion, Steyr Motors announces a secondary listing on the Vienna Stock Exchange in addition to its listing in Germany. Steyr Motors is thus positioning itself even more broadly on the capital market and increasing its visibility among Austrian investors. With its headquarters in Upper Austria and a core shareholder from an Austrian industrial holding company, the company sees its presence on the Vienna Stock Exchange as a logical step. The listing not only offers additional access to international and national investors, but also increases the company’s visibility and enables it to address Austrian investors more directly. The listing on the direct market plus of the Vienna Stock Exchange is scheduled for February 10, 2025.

“The secondary listing in Vienna is a clear commitment to our Austrian roots. The fact that our shares can now also be traded on the Vienna Stock Exchange makes us more interesting to a broader group of investors, while at the same time increasing our visibility on the Austrian capital market. We already fulfill the necessary transparency obligations through our listing in the Scale segment of Deutsche Börse, so the secondary listing in Vienna does not entail any significant additional expense,” comments CEO Julian Cassutti.

Hauck Aufhäuser Lampe Privatbank AG acts as a Capital Market Coach and Market Maker.

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 the full year 2024, revenues are expected to reach EUR 41 to 45 million and adjusted EBIT to be in the range of EUR 9 to 11 million. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of over 40%, an adjusted EBIT margin of over 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

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

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

4. February 2025

Steyr Motors signs exclusive supply contract with PALFINGER

Corporate News

Contract with defined purchasing volume in the civil maritime area
Supply of drive technology for various boat applications
Mutual support via service networks and simultaneous expansion of the service network

Steyr, Austria, 27 January 2025 – Steyr Motors AG (“Steyr Motors”, ISIN AT0000A3FW25), one of the world’s leading companies in the field of customized engines for mission-critical defense and civilian applications, has signed a two-year supply agreement with PALFINGER. The contract provides for the delivery of boat engines from the Steyr portfolio and underscores the leading position of Steyr Motors in the field of maritime propulsion solutions.

The maritime solutions of PALFINGER include cranes, winches, lifting and handling equipment, slipway systems, boats, davits, as well as fenders and provides these solutions for all major maritime segments, including Offshore, Oil and Gas, Merchant and Cargo, Passengers Cruise, Governmental, Wind and Aquaculture. In addition, customers benefit from the global network of PALFINGER’s fully-owned service hubs.

The contract includes the supply of engines used in various applications from the maritime PALFINGER product range, such as fast rescue boats and free-fall lifeboats. This partnership strengthens Steyr Motors’ position as a key supplier of marine applications, and the company will benefit from PALFINGER’s global reach and service network.

An important aspect of the partnership is the close cooperation between the two companies, particularly in the area of the service network. PALFINGER will be supported by the technical expertise and engineering excellence of Steyr Motors, including specific test bed requirements and direct mentoring on specialized projects. This will help to further improve the efficiency and reliability of PALFINGER products.

Julian Cassutti, CEO of Steyr Motors AG, comments: “The collaboration with PALFINGER underpins our commitment and leading market position for innovative and reliable propulsion solutions. The partnership with PALFINGER enables us to further expand our service network while increasing the competitiveness of our partners in the global maritime market.“

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 the full year 2024, revenues are expected to reach EUR 41 to 45 million and adjusted EBIT to be in the range of EUR 9 to 11 million. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of over 40%, an adjusted EBIT margin of over 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

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

Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk

27. January 2025