EQS-News: Steyr Motors AG / Key word(s): Quarterly / Interim
Statement/Quarter Results
Steyr Motors with significant growth in the first quarter of 2025 –
Outlook for financial year 2025 confirmed

14.05.2025 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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

• 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 ([1]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:[2]ir@steyr-motors.com
[3] www.steyr-motors.com

Press contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: [4]sh@crossalliance.de
[5] www.crossalliance.de

Press contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: [6]matthieu.meunier@clai2.com

Press contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: [7]tsutton@1446.co.uk

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14.05.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com

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Language: English
Company: Steyr Motors AG
Im Stadtgut B1
4407 Steyr
Austria
Phone: +43 7252 2220
E-mail: office@steyr-motors.com
Internet: https://www.steyr-motors.com/de/
ISIN: AT0000A3FW25
WKN: A40TC4
Listed: Regulated Unofficial Market in Frankfurt (Scale); Vienna
Stock Exchange (Vienna MTF)
EQS News ID: 2135306

 
End of News EQS News Service

2135306  14.05.2025 CET/CEST

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References

~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. ir@steyr-motors.com
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=fa43d7aab0cc6b5f3e5a9bd745396480&application_id=2135306&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
4. sh@crossalliance.de
5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=a9f6782523c75b88380cf9d9c4273e43&application_id=2135306&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
6. matthieu.meunier@clai2.com
7. tsutton@1446.co.uk