EQS-News: Steyr Motors AG / Key word(s): Incoming Orders
Steyr Motors drives growth in the U.S. – signing of another framework
agreement
23.06.2025 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Steyr Motors drives growth in the U.S. – signing of another framework
agreement
• Strengthening of market position in the USA
• Framework agreement with an established supplier of maritime and
industrial drive solutions
• Expected order volume of around USD 15 million over four years
Steyr, Austria, 23 June 2025 – Steyr Motors AG ((1)ISIN AT0000A3FW25), one
of the world's leading companies in the field of customized engines for
mission-critical defense and civil applications, is significantly
expanding its market presence in the United States. Through a new
framework agreement with its U.S. distribution partner, Laborde Products
Inc., based in Covington, Louisiana, Steyr Motors is strengthening its
presence in one of the world's most important markets.
Laborde Products, Inc. is a well-established supplier of marine and
industrial drive solutions. The new framework agreement with the U.S.
partner covers sales in all continental U.S. states, as well as the U.S.
territories of Puerto Rico, the U.S. Virgin Islands, and the Bahamas. This
agreement provides Steyr Motors with an almost comprehensive sales
structure in North America. The agreement includes both civilian
applications and new projects in the U.S. Navy sector. Existing military
contracts, such as the one with boat builder Ribcraft for the Navy Seals,
will remain unaffected.
Steyr Motors expects this agreement, initially scheduled to run until
2028, to generate around USD 2 million in revenue in the current year. A
gradual increase in volume is expected in subsequent years. The total
value of the new framework agreement is approximately USD 15 million over
the four-year contract period.
“The U.S. is one of our core strategic markets outside of Europe. Through
our partnership with Laborde Products, we are strengthening our market
position in the U.S., one of the world's largest markets in terms of
volume in both the civil and military sectors. We are also expanding our
service network, an important step in providing our customers with the
best possible support,” comments Julian Cassutti, CEO of Steyr Motors.
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. 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 above 20%, and a
production volume of at least 1,250 units.
For further information please contact:
Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail:(2)ir@steyr-motors.com
(3)www.steyr-motors.com
Press contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: (4)sh@crossalliance.de
(5)www.crossalliance.de
Press contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: (6)matthieu.meunier@clai2.com
Press contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: (7)tsutton@1446.co.uk
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23.06.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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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: 2157356
End of News EQS News Service
2157356 23.06.2025 CET/CEST
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