EQS-News: Steyr Motors reports steady revenue growth in the first quarter of 2026 – Strong order backlog and increasing momentum in the Defense Business support growth outlook

EQS-News: Steyr Motors AG / Key word(s): Quarter Results
   Steyr Motors reports steady revenue growth in the first quarter of 2026 –
   Strong order backlog and increasing momentum in the Defense Business
   support growth outlook

   20.05.2026 / 08:30 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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

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

   Steyr, Austria, 20 May 2026 – Steyr Motors AG ([1]ISIN AT0000A3FW25), one
   of the world’s leading companies in the field of customized engines for
   mission-critical defense and civilian applications, made a stable start to
   the 2026 financial year and remains clearly on a growth trajectory
   operationally despite a subdued first quarter. A strong order backlog,
   increasing demand in the defense marine sector, and new European defense
   programs form the foundation for significant growth acceleration in the
   second half of the year and beyond.

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

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

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

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

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

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

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

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

   Company Profile of Steyr Motors AG
   Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the
   development and production of high-performance customized special engines
   with high power density and durability. The Company’s engines are
   primarily used for military special vehicles, boats (both military and
   civilian) and as auxiliary power units (“APU”) for main battle tanks and
   locomotives.

   For further information, please contact:

   Steyr Motors AG
   Investor Relations
   Phone: +43 676 6222367
   Email: [2][email protected]
   [3]www.steyr-motors.com

   Press contact
   CROSS ALLIANCE communication GmbH
   Susan Hoffmeister
   Phone: +49 89 125 09 0333
   Email: [4][email protected]
   [5]www.crossalliance.de

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   20.05.2026 CET/CEST This Corporate News was distributed by [6]EQS Group

   View original content: [7]EQS News

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   Language:    English
   Company:     Steyr Motors AG
                Im Stadtgut B1
                4407 Steyr
                Austria
   Phone:       +43 7252 2220
   E-mail:      [email protected]
   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: 2330056


    
   End of News EQS News Service


   2330056  20.05.2026 CET/CEST

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