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]ir@steyr-motors.com
[3] www.steyr-motors.com

Press contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
Email: [4]sh@crossalliance.de
[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: 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)
EQS News ID: 2330056

 
End of News EQS News Service

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References

~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. ir@steyr-motors.com
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=fa43d7aab0cc6b5f3e5a9bd745396480&application_id=2330056&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
4. sh@crossalliance.de
5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=a9f6782523c75b88380cf9d9c4273e43&application_id=2330056&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
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7. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=77b6d017d10f0ea1829ac688b4358982&application_id=2330056&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news

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