Steyr Motors (4X0) H1 2024 earnings summary

Executive summary

• Achieved net income of €1.78 million for H1 2024, reversing a small loss in H1 2023.

• Benefited from €2 million in dividend income from subsidiaries, absent in prior year.

• Company completed major legal restructuring, including conversion to an AG and merger with Steyr Motors Betriebs GmbH after the reporting period.

Financial highlights

• Net income for H1 2024: €1,781,789, compared to a loss of €2,776 in H1 2023.

• Dividend income from subsidiaries: €2,000,000 in H1 2024; none in H1 2023.

• Equity as of June 30, 2024: €11,607,276, up from €21,992,043 in prior year due to changes in capital structure and profit distribution.

• Total assets at June 30, 2024: €16,121,958, down from €22,054,267 at June 30, 2023.

Outlook and guidance

• Company completed transformation into a stock corporation and merged with its main operating subsidiary post-June 2024.

• Capital increase and public listing on Frankfurt Stock Exchange executed in October 2024.