Steyr Motors (4X0) Q3 2025 earnings summary

Executive summary

• Revenue increased by 15.2% to EUR 34.4 million in the first nine months of 2025 compared to EUR 29.9 million in the previous year.

• EBIT was EUR 4.0 million, down from EUR 5.4 million, due to planned capacity and personnel expansion.

• Order backlog remains above EUR 300 million, with new high-volume orders expected.

• International expansion advanced with new agreements in the UK, Italy, France, Asia, Poland, and Dubai.

• Joint venture in Singapore secures EUR 65 million in guaranteed revenue and EUR 13 million EBIT over five years.

Financial highlights

• Revenue up 15.2% year-over-year for the first nine months of 2025.

• EBIT decreased to EUR 4.0 million from EUR 5.4 million due to increased operating expenses.

• Order backlog exceeds EUR 300 million, providing high visibility for future growth.

Outlook and guidance

• Management expects at least 40% revenue growth and EBIT margin above 20% for 2025.

• Medium-term targets: revenue of EUR 140 million and EBIT of EUR 40 million by 2027.

• New mobile energy supply segment expected to generate over EUR 100 million in additional revenue by 2030.

• Some timing uncertainty due to slow budget approvals and customer decision processes.