Earnings release
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Steyr Motors confirms long - term growth strategy with strong order backlog and attractive project pipeline Corporate News • 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 ( 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