EQS-News: Steyr Motors confirms long-term growth strategy with strong order backlog and attractive project pipeline
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]ir@steyr-motors.com
[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
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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)
LEI Code: 529900I7M6Z1HG0L8440
EQS News ID: 2384982
End of News EQS News Service
2384982 19.08.2026 CET/CEST
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