EQS-News: Steyr Motors confirms long-term growth strategy with strong order backlog and attractive project pipeline

EQS-News: Steyr Motors AG / Key word(s): Half Year Results
   Steyr Motors confirms long-term growth strategy with strong order backlog
   and attractive project pipeline

   19.08.2026 / 07:30 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Steyr Motors confirms long-term growth strategy with strong order backlog
   and attractive project pipeline

     • Revenue of EUR 22.8 million in the first half of 2026, roughly at the
       previous year's level
     • Temporary delays in the defense business weigh on revenue and earnings
       development, but long-term growth strategy remains intact
     • Adjustment of guidance for 2026: revenue growth of 15% to 25%, EBIT
       margin of 8% to 12%
     • Civil business grows to EUR 13.4 million in the first half of the year
     • Order backlog of EUR 310 million through 2030 remains at a high level
     • BUKH acquisition and new holding structure as important strategic
       milestones

   Steyr, Austria, August 19, 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 civil applications, generated
   consolidated revenue of EUR 22.8 million in the first half of 2026,
   roughly on a par with the same period last year. Adjusted EBIT amounted to
   EUR 0.1 million with an EBIT margin of 0.4%.

   Business development was mainly impacted by delays in international
   defense projects. These were primarily caused by delays in public
   procurement, approval and acceptance processes. As a result, planned
   revenue of around EUR 10 million in the first half of the year could not
   be recognized. The affected projects remain part of Steyr Motors' strong
   project pipeline and confirm the continued high demand in the core markets
   addressed, so that revenue realization is postponed to later reporting
   periods.

   Strategic course set despite temporary project postponements

   "The first half of 2026, as with numerous other European companies with a
   strong defense business share, was marked by postponements of individual
   international projects. Against this backdrop, we have adjusted our
   expectations for the year as a whole and have already taken possible
   further delays into account conservatively. At the same time, the
   developments of the past few months confirm the attractiveness of our
   strategic positioning: Steyr Motors is active in structurally growing
   specialized markets with high technological requirements and has a strong
   project pipeline in the areas of defense, marine, autonomous systems and
   mobile energy supply. Our focus remains on consistently exploiting these
   opportunities and creating the basis for sustainable, profitable growth,"
   says Julian Cassutti, CEO of Steyr Motors AG.

   While the Defense segment fell short of expectations at EUR 9.4 million,
   the Civil business developed positively in the first half of 2026,
   increasing revenue to EUR 13.4 million. With the acquisition of the Danish
   marine engine manufacturer BUKH A/S and the introduction of a new holding
   structure, Steyr Motors also took important steps towards implementing its
   long-term growth strategy in the first half of the year.

   Guidance adjusted

   Against the backdrop of the project postponements, the Management Board
   has adjusted its forecast for the 2026 financial year and is now taking
   possible further delays into account conservatively. The Steyr Motors
   Group expects revenue growth in a range of 15% to 25% for 2026 compared to
   the previous year. At the same time, the Management Board expects an EBIT
   margin of 8% to 12%.

   The delays also have an impact on the planned figures for 2027
   communicated so far, which, from today's perspective, will not be achieved
   within the originally expected time frame. However, the underlying market
   drivers and expected demand remain intact in the view of the Management
   Board. The Group's corresponding revenue contributions will thus be
   postponed by one to two years in some cases.

   Strong order backlog and attractive project pipeline

   The core of the positive growth prospects is the progressive development
   of the order backlog and the project pipeline. The order backlog now
   amounts to EUR 310 million and has been further expanded. In addition to
   the almost 500 boats for the Navy SEALs already communicated, the project
   pipeline also includes a tender for 1,000 vehicles from a Spanish
   customer, which are also to be equipped with Steyr engines and whose
   production is scheduled to start in 2027. The KNDS framework agreement for
   around 500 motor-generator units until 2034 will also contribute to the
   basic utilization of production capacities in the long-term.

   Steyr Motors thus has an intact and solid foundation for sustainable
   growth in the coming years from 2027. In addition to expected revenue
   contributions from existing defense programs and the expanded naval
   business, the new business areas of "unmanned systems" (USV/UGV) and
   "mobile power supply" in particular open up additional growth potential.

   Strategy confirmation and outlook

   The Management Board confirms the strategic orientation of Steyr Motors
   AG: With its focus on highly specialized defense, marine and energy
   solutions, the company addresses high-margin niche markets with high entry
   barriers and long-term growth potential.

   For the second half of 2026, the Management Board expects a significant
   increase in revenue recognition. Demand in the core markets is high, and
   the current delays affect the timing of revenue recognition. In the view
   of the Management Board, the solid order backlog, the extensive project
   pipeline and the clear positioning in structurally growing markets form a
   strong basis for the further development of the Group.

    

   Half-year report and conference call

   The half-year report 2026 is available on the website of Steyr Motors AG
   in the Investor Relations section under
   [2]https://ir.steyr-motors.com/en/publications/.

   A conference call will also be held today at 2:00 p.m. (CEST) for
   representatives of the press, analysts and institutional investors.
   Registration for the conference call is possible under the following link:

   [3]https://webcast.meetyoo.de/reg/RztXfrLA2T49

    

   Company profile of Steyr Motors AG

   Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the
   development and production of special high-performance engines with high
   power density and durability. The company's engines are mainly used in
   defense special vehicles, boats (both defense and civilian), as well as
   auxiliary power units ("APU") for battle tanks and locomotives.

   For further information, please contact:

   Steyr Motors AG
   Investor Relations
   Tel.: +43 676 6222367
   E-Mail: [4][email protected]
   [5]www.steyr-motors.com

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   19.08.2026 CET/CEST This Corporate News was distributed by [6]EQS Group

   View original content: [7]EQS News

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

   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)
   LEI Code:    529900I7M6Z1HG0L8440
   EQS News ID: 2384982


    
   End of News EQS News Service


   2384982  19.08.2026 CET/CEST

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