Successful first Annual General Meeting of Steyr Motors AG
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EQS-News: Steyr Motors AG
/ Key word(s): AGM/EGM
Successful first Annual General Meeting of Steyr Motors AG
Steyr, Austria, 8 May 2025 – 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, yesterday held its first Annual General Meeting following its successful stock market listing in Steyr, Austria. The shareholders' meeting approved the joint proposal of the Management and Supervisory Board and resolved to distribute a dividend of EUR 0.55 per share out of the net retained profit as of 31 December 2024. In total, EUR 2,860,000.00 will be distributed from Steyr Motors AG’s net retained profit of EUR 7,814,039.88. The remainder of the retained profit will be carried forward. The Annual General Meeting expressed its confidence in CEO Julian Cassutti and the members of the Supervisory Board for the (partial) fiscal year 2024 and approved all agenda items with a large majority. In his speech, CEO Julian Cassutti highlighted the company’s successful repositioning and the visible progress of its international expansion. Numerous large-scale orders from military and civilian customers around the globe confirm this trajectory and ensure a solid workload for Steyr Motors, with an order volume of approximately EUR 200 million spanning several years. “The new demand for security and the significant need to catch up on defense readiness are creating a special cycle expected to last ten years or more. We are entering a phase of strong growth and sustained profitability thanks to our full order books and the prospect of further high-volume contracts fueled by new defense budgets. We can look to the future with full confidence,” said Julian Cassutti, CEO of Steyr Motors AG. Shareholder attendance was 55.18%. Further details on the Annual General Meeting and the full voting results are available at www.steyr-motors.com in the Investor Relations section. 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 EBIT margin of well above 20%, and a production volume of at least 1,250 units. Steyr Motors AG Press contact in Germany, Austria, Switzerland Press contact in France Press contact in UK
08.05.2025 CET/CEST This Corporate News was distributed by EQS Group. www.eqs.com |
| 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: | 2132336 |
| End of News | EQS News Service |
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2132336 08.05.2025 CET/CEST
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