Steyr Motors opens office in Indonesia and announces secondary listing on the Vienna Stock Exchange

• Steyr Motors expands presence in the Asian market with new office in Jakarta
• Secondary listing of Steyr Motors shares in the direct market plus segment of the Vienna Stock Exchange as of February 10, 2025
• Regional expansion and higher visibility on the capital market

Steyr, Austria, 4 February 2025 – Steyr Motors AG (ISIN ), one of the world's leading companies in the field of tailor-made engines for mission-critical defense and civil applications, is pleased to announce two further milestones in the company's development: The opening of an additional office in the Asian market and the secondary listing of Steyr Motors AG shares on the Vienna Stock Exchange as of February 10, 2025.

Expansion of Asian presence with office opening in Jakarta

Steyr Motors AG officially opened a new office in Jakarta, Indonesia as part of the announced major expansion phase in Asia. The company is thus taking another important step to further accelerate its growth in the booming Asian region. With the new location, Steyr Motors is creating a strong presence in Indonesia, one of the largest and most dynamic markets in Southeast Asia. At the same time, Steyr Motors AG signed contracts with two new dealers. These partnerships underpin Steyr Motors' commitment to building a comprehensive network in Indonesia and will enable the company to effectively serve customers with innovative engine technology in this emerging civil marine market, increase service availability and support the company's long-term growth.

“The Steyr Motors Indonesia Office provides a solid foundation to increase product sales and provide excellent support to our valued customers in the region,” said Jianfang Meng, Regional Sales Director of Steyr Motors.

“Following the positive development in the 2024 financial year, during which, based on the current status of the financial closing process, we have met our revenue and earnings forecast, we are opening another exciting chapter for our business development in Southeast Asia with the new office in Jakarta. It is another important step to expand our sales network across the ASEAN region. We look forward to the opportunities and growth that await us in this promising market,” adds Julian Cassutti, CEO of Steyr Motors.

Secondary listing of the Steyr Motors share on the Vienna Stock Exchange from February 10, 2025

Parallel to its international expansion, Steyr Motors announces a secondary listing on the Vienna Stock Exchange in addition to its listing in Germany. Steyr Motors is thus positioning itself even more broadly on the capital market and increasing its visibility among Austrian investors. With its headquarters in Upper Austria and a core shareholder from an Austrian industrial holding company, the company sees its presence on the Vienna Stock Exchange as a logical step. The listing not only offers additional access to international and national investors, but also increases the company's visibility and enables it to address Austrian investors more directly. The listing on the direct market plus of the Vienna Stock Exchange is scheduled for February 10, 2025.

“The secondary listing in Vienna is a clear commitment to our Austrian roots. The fact that our shares can now also be traded on the Vienna Stock Exchange makes us more interesting to a broader group of investors, while at the same time increasing our visibility on the Austrian capital market. We already fulfill the necessary transparency obligations through our listing in the Scale segment of Deutsche Börse, so the secondary listing in Vienna does not entail any significant additional expense,” comments CEO Julian Cassutti.

Hauck Aufhäuser Lampe Privatbank AG acts as a Capital Market Coach and Market Maker.

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 the full year 2024, revenues are expected to reach EUR 41 to 45 million and adjusted EBIT to be in the range of EUR 9 to 11 million. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of over 40%, an adjusted EBIT margin of over 20% and a production volume of more than 1,250 units.

For further information, please contact:

Steyr Motors AG
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