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

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

   ══════════════════════════════════════════════════════════════════════════

   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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