Steyr Motors confirms successful global business development strategy with further framework agreement from Brazil – Order backlog increases to almost EUR 200 million by 2027

• Success of the business development strategy to exploit previously untapped regions and potential becoming evident
• Framework agreement from Brazil underlines successful internationalisation of sales
• Order backlog increases to almost EUR 200 million by 2027
• Strong global demand with a clearly positive outlook until 2030 for continued revenue and earnings growth

Steyr, Austria, 14 March 2025 – Steyr Motors AG (ISIN ), one of the world's leading companies in the field of customized engines for mission-critical defense and civil applications, has signed a long-term framework agreement with a Brazilian customer, providing Steyr Motors with a strong foundation for the South American market. This agreement underscores the trust international customers have in the company's outstanding technology and innovative strength. At the same time, it provides further evidence of the success of the global business development strategy pursued as part of Steyr Motors AG's transformation.

Expansion underpins ambitious growth targets

As part of the IPO, the Management Board of Steyr Motors has drawn up a business plan up to 2027, which envisages sustained and dynamic growth of around 40% p.a. in revenue and a quadrupling of (adjusted) EBIT compared to 2024. In recent months, the company has focused on developing new business opportunities and has consistently expanded its international presence through cooperation agreements in regions not previously covered by Steyr Motors. The strategy includes targeted market development and the establishment of long-term partnerships in various high-growth regions of the world to exploit untapped expansion potential. In addition to intensive customer visits, the company has significantly strengthened its network of distributors. Furthermore, new distribution agreements 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 first successes of this expansion strategy are already visible. Steyr Motors has been able to conclude extensive agreements in several regions, which underline the strong confidence in the technology and innovative power of Steyr Motors. In addition to the newly won framework agreement from Brazil, the successful expansion strategy is also reflected in the new orders from China, respectively Asia and the USA, that have been announced in recent weeks. In addition, Steyr Motors' excellent position in the defense sector was confirmed by the conclusion of a framework agreement with Rheinmetall. The company's Management Board expects to conclude further framework agreements with significant sales volumes in the short, medium and long term in the course of 2025.

Order backlog rises to almost EUR 200 million by 2027

The consistent market development has already led to a noticeable increase in the order backlog of Steyr Motors AG. This is made up of firm orders, framework agreements and non-binding but concrete commitments, currently amounting to almost EUR 200 million with a visibility up to 2027. The framework agreements also offer significant medium- to long-term potential for additional orders beyond the minimum agreed upon in the order backlog. Moreover, further contracts are about to be signed, which would increase Steyr Motors' order backlog for the period after 2027 by an additional EUR 150 million. The Management Board assumes that this volume will increase significantly due to the long-term framework agreements in the defense sector.

Julian Cassutti, CEO of Steyr Motors, comments: “We firmly believe that global market conditions offer significant opportunities for Steyr Motors in the short, medium and long term. The increasing demand for highly efficient drive solutions opens up immense growth potential for us in all business areas. While our activities in Asia are strengthening our civil segment in particular, the special boom in the defense business is being fuelled primarily by the rising defense budgets of the NATO countries. I expect to benefit from economies of scale here as well, and together with my team, I am extremely positive about the future 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 adjusted EBIT margin above 20%, and a production volume of at least 1,250 units.

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