Corporate News Archive - Page 2 of 4

Steyr Motors Publishes Half-Year Report – Order Backlog Reaches New Record High of Over EUR 300 million

Revenue increases by 17.1% to EUR 23.1 million in H1/2025 (previous year: EUR 19.7 million)
EBIT at EUR 3.4 million – corresponding to an EBIT margin of 14.8%
Order intake significantly above previous year – order backlog strongly expanded to over EUR 300 million as basis for medium- and long-term growth
Additionally, further potential of around EUR 200 million
Strategic framework agreements concluded with international partners
2025 outlook confirmed: revenue increase of at least 40% and EBIT margin of above 20%

Steyr, Austria, 31 July 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 presented its figures for the first half of 2025. Thanks to targeted investments in personnel expansion, material stockpiling, and the enhancements of production capacities, the company was able to continue its revenue growth while laying the foundation for further earnings growth throughout the year.

Steyr Motors achieved a 17.1% increase in revenue to EUR 23.1 million in the first half of 2025 (previous year: EUR 19.7 million), which is in line with its plans. EBIT amounted to EUR 3.4 million, corresponding to a margin of 14.8%. The development of earnings reflects the targeted expansion of capacities, particularly in terms of personnel and material reserves. Consequently, personnel and material expenses are higher than in the same period last year. These measures serve to secure international competitiveness and, in particular, to prepare for the upcoming strong production ramp-up in order to process the high order backlog. Additionally, high-margin engineering revenue with a key customer falls into the second half of the year due to the reporting date, which will be evident in rising profitability levels over the course of the year. With the successful expansion of capacity, the company is well positioned to grow in the second half of the year as planned, achieving significantly higher profitability and accelerating its growth momentum.

Order intake developed particularly dynamically in the first half of the year, rising significantly compared to the previous year. Of particular note is the exceptionally high visibility, which already enables Steyr Motors to plan confidently for the medium-term future. New strategic framework agreements with renowned partners such as Rheinmetall Landsysteme GmbH (Germany), Laborde Products Inc. (USA), Ghatge Patil Industries (India), as well as new customers in Latin America and Asia strengthen Steyr Motors AG’s international presence for both civilian and defense-related applications and confirm the effectiveness of its global business development strategy. The total order backlog has increased to over EUR 300 million by 2030. This clearly signals the company’s sustainable positioning in international competition and a more than solid foundation for foreseeable, organic growth in the coming years.

Beyond the existing order backlog, there are additional tangible opportunities with existing customers to increase order intake in the short term substantially. An example of this is the planned procurement as part of an EU initiative by the German Ministry of Defense, which is currently considering the purchase of around 2,500 armored vehicles and approximately 1,000 Leopard 2 battle tanks for the establishment of a new NATO brigade. The resulting potential orders are not yet included in the order backlog or in the current outlook and, according to the company’s estimates, offer further revenue potential of around EUR 100 million.

This also demonstrates the momentum generated by ongoing international defense initiatives. Persistent geopolitical uncertainty has led to rising global demand, particularly in the defense sector, with Europe, the US, and India leading the way.

At the same time, the company is conducting a feasibility study on establishing local production in Southeast Asia, which has the potential to produce up to 3,000 units annually. This additional revenue, not yet included in the order backlog, amounts to approximately EUR 100 million by 2030, underscoring the attractive long-term expansion opportunities.

Julian Cassutti, CEO of Steyr Motors AG: “We are investing specifically in people, structures, and markets, and we are already seeing the first results from our efforts this year. The strong order intake and high visibility for the coming years provide the planning security necessary for continued profitable growth. Looking ahead to the second half of the year, we expect a significant increase in profitability, particularly through the implementation of several high-margin projects.”

In light of solid operational performance, continued ramp-up of existing programs, and sustained strong demand, the Management Board reaffirms its outlook for the 2025 financial year. It continues to expect revenue growth of at least 40% and an EBIT margin of above 20%.

Half-Year Report and Conference Call

The half-year Report 2025 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 (CEST). The current investor presentation on the 2025 half-year 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/LQGYHcTiGKFu

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 above 20%, and a production volume of at least 1,250 units.

For more 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

31. July 2025

Steyr Motors also Expands in Maritime Applications – Supply Agreements Exceeding EUR 20 Million Signed

Corporate News

New framework agreements with partners in the United Kingdom, Italy, France, and China
Delivery of 600 inboard diesel engines worth more than EUR 20 million
Targeted diversification of growth creates a stable foundation for the future

Steyr, Austria, 25 July 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, continues its growth trajectory as it internationalizes its business. In addition to its successful expansion in the defense sector for land-based vehicles, Steyr Motors has now signed substantial framework agreements for civil and military maritime applications. In total, multi-year supply agreements for more than 600 inboard diesel engines with a total value exceeding EUR 20 million have been concluded with partners in the United Kingdom, Italy, France, and China.

Steyr Motors is a leader in diesel technology for highly demanding use in the defense sector. Now, leveraging its proven technological expertise in the defense sector for land-based vehicles, Steyr Motors is systematically transferring its strengths to maritime applications. With its growing success in the maritime field, the company is strategically diversifying its growth, thereby establishing a stable foundation for the future. The company’s robust, high-performance, and compact diesel engines are ideally suited for demanding operations at sea – from commercial applications to specialized vessels. Thanks to its advanced technological base and strong interest from the market, the company expects additional orders in the marine sector in the coming months.

“Our engines are built to deliver maximum performance and uncompromising reliability under extreme conditions – both on land and at sea. The new contracts validate our technological excellence and the trust we have earned in both areas – land and marine – for civil and military applications,” says Julian Cassutti, CEO of Steyr Motors AG.

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 above 20%, and a production volume of at least 1,250 units.

For more 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

25. July 2025

Steyr Motors: Earnings Call Invitation on the Publication of the 2025 Half-Year Report on Thursday, July 31, 2025 at 14:00 (CEST)

Corporate News

Steyr, Austria, 17 July 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 2025 half-year report on July 31, 2025. An earnings call will be held on that day at 14:00 (CEST).

Julian Cassutti, the CEO of Steyr Motors, will host the event and present the results for the first six months of 2025, share the outlook for the remainder of the year, and provide a general overview of Steyr Motors’ business development. The presentation will be 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/LQGYHcTiGKFu

You will then be provided with your own dial-in details to access the call.

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

Prior to the start of the earnings call, the unaudited half-year report for 2025 and an accompanying presentation will be available on the company’s website at https://ir.steyr-motors.com/en/publications/.

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 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

17. July 2025

Steyr Motors secures additional orders from customer Defenture – new record order backlog in sight

Corporate News

Steyr Motors M16 diesel engine as the core power unit in new international major contracts
Order increase in the multi-million-euro range through 2027
New record order backlog expected

Steyr, Austria, 16 July 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, is further expanding its successful partnership with Dutch vehicle manufacturer Defenture. The company is benefiting from several new international major contracts, under which Steyr Motors’ M16 diesel engine continues to serve as the central power unit.

Through the exclusive and custom-tailored engine supply to Defenture, Steyr Motors is not only intensifying its existing collaboration with the customer but also securing additional orders worth millions of euros through 2027. The new contracts from Defenture include vehicles for the Austrian special forces unit Jagdkommando, Polish special forces, as well as Germany’s Special Forces Command (KSK), where four prototypes are currently undergoing operational testing and follow-up orders are in preparation.

At the core of the collaboration with Defenture is the close technical coordination to adapt the propulsion solutions to the specific operational requirements of the deployed units. The flexibility and reliability of the Steyr M16 engine have once again proven to be key success factors.

“This expansion of orders confirms the international confidence in our engine technology and underscores our position as a reliable partner in the field of military special-purpose propulsion systems. Furthermore, this follow-up order demonstrates that the widely discussed ‘Zeitenwende’ – including the approved defense budgets – is beginning to translate into tangible contracts for us. As a result, Steyr Motors is growing thanks to close technical cooperation with existing and new customers,” emphasizes Julian Cassutti, CEO of Steyr Motors.

Specific details regarding order intake and backlog development are expected to be announced with the publication of the half-year results on July 31, 2025. In addition to the increase in orders from Defenture, Steyr Motors expects to receive further significant orders from existing customers in connection with the recently announced plans of the German Armed Forces (Bundeswehr) to procure 1,000 Leopard battle tanks and 2,500 armoured vehicles. It is already forseeable that Steyr Motors’ order backlog will reach a new record level.

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 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

16. July 2025

Steyr Motors drives growth in the U.S. – signing of another framework agreement

Corporate News

Strengthening of market position in the USA
Framework agreement with an established supplier of maritime and industrial drive solutions
Expected order volume of around USD 15 million over four years

Steyr, Austria, 23 June 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, is significantly expanding its market presence in the United States. Through a new framework agreement with its U.S. distribution partner, Laborde Products Inc., based in Covington, Louisiana, Steyr Motors is strengthening its presence in one of the world’s most important markets.

Laborde Products, Inc. is a well-established supplier of marine and industrial drive solutions. The new framework agreement with the U.S. partner covers sales in all continental U.S. states, as well as the U.S. territories of Puerto Rico, the U.S. Virgin Islands, and the Bahamas. This agreement provides Steyr Motors with an almost comprehensive sales structure in North America. The agreement includes both civilian applications and new projects in the U.S. Navy sector. Existing military contracts, such as the one with boat builder Ribcraft for the Navy Seals, will remain unaffected.

Steyr Motors expects this agreement, initially scheduled to run until 2028, to generate around USD 2 million in revenue in the current year. A gradual increase in volume is expected in subsequent years. The total value of the new framework agreement is approximately USD 15 million over the four-year contract period.

“The U.S. is one of our core strategic markets outside of Europe. Through our partnership with Laborde Products, we are strengthening our market position in the U.S., one of the world’s largest markets in terms of volume in both the civil and military sectors. We are also expanding our service network, an important step in providing our customers with the best possible support,” 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 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 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

23. June 2025

Steyr Motors with significant growth in the first quarter of 2025 – Outlook for financial year 2025 confirmed

Corporate News

Revenue increases by 26.4% to EUR 11.5 million in Q1 2025 (previous year: EUR 9.1 million)
EBIT improves to EUR 2.1 million (previous year: EUR 1.4 million)
Total backlog of firm orders, framework orders and non-binding sales commitments through the end of 2027 stands at approximately EUR 200 million
Significantly higher momentum expected in the further course of the year
Outlook for 2025 confirmed: Revenue growth of at least 40% and EBIT margin above 20% expected

Steyr, Austria, 14 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, today published its figures for the first quarter of 2025. Following a start to the financial year 2025 according to plan, the Management Board confirms the outlook for the full year.

Steyr Motors achieved a 26.4% increase in revenue to EUR 11.5 million in the first quarter of 2025 (previous year: EUR 9.1 million). EBIT improved to EUR 2.1 million (previous year: EUR 1.4 million), meaning that Steyr Motors was already able to generate around a third of the previous year’s total EBIT of EUR 6.5 million in the first quarter. This underlines the dynamism of the business and the positive development of margins. Compared to the figure of EUR 1.9 million for the first quarter of 2024, adjusted for special effects in connection with the restructuring and costs for external consultants, there was an increase of 9.9%, while on a comparable (unadjusted) basis, growth of 51.6% was achieved compared to the EBIT of the first quarter of 2024. Net profit for the quarter amounted to EUR 1.5 million (previous year: EUR 1.1 million).

The strong demand for high-performance power units in the defense sector contributed significantly to the successful development in the first quarter of 2025 with growth of around 35%. Overall, the “Defense” segment contributed 59.0% (previous year: 55.0%) to revenue in the first quarter. In the “Civil” sector, Steyr Motors AG generated 41% of quarterly revenue with growth of around 15% in the first three months.

From a regional perspective, the key drivers of revenue growth in the first quarter of 2025 are attributable to the successful expansion in Asia, where revenue more than doubled compared to the previous year, and a roughly 20% increase in revenues in Europe. The Management Board expects the ramp-up of various projects from the order backlog to further accelerate this growth momentum in the current year – with correspondingly positive impetus for the operating margin.

“We are fully in line with our plans for the first quarter. We are in the ramp-up phase in order to work off the high order backlog. At the same time, we are continuing to see dynamic demand. In recent weeks, we have held promising discussions regarding new orders with customers from the USA, Europe and India. We are more confident than ever that we will achieve our communicated targets for the financial year 2025,” comments Julian Cassutti, CEO of Steyr Motors.

Following the successful and planned development in the first quarter, which is traditionally the weakest quarter of the financial year due to the procurement cycle of end customers, the Management Board is confident about the rest of the year. In light of the imminent ramp-up of projected orders, continued dynamic demand and the existing order backlog, which at the quarterly reporting date amounted to around EUR 200 million from firm orders, framework orders and non-binding sales commitments with a range until 2027, the Management Board is therefore confirming its forecast for the financial year 2025. This continues to envisage an increase in revenue of at least 40% with an output of at least 1,250 motor units (previous year: 729 units). The Management Board expects the EBIT margin to be above 20%. Growth will be driven in particular by increased activities in Asia, the MENA region and North and South America.

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 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

14. May 2025

Successful first Annual General Meeting of Steyr Motors AG

Corporate News

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