EQS-News: Steyr Motors AG / Key word(s): Incoming Orders
Steyr Motors Successfully Enters Key Market in Poland – Framework
Agreement Signed with Leading Distributor
05.08.2025 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Steyr Motors Successfully Enters Key Market in Poland – Framework
Agreement Signed with Leading Distributor
• Market entry in Poland marks another important milestone in
international expansion
• Framework agreement with one of Poland's leading distributors
• Expansion into other key Eastern European markets
Steyr, Austria, 5 August 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, has reached another
important milestone in its international expansion strategy by
successfully entering the Polish market. By concluding a long-term
framework agreement with Taurus Sea Power sp. z o.o., a well-established
distributor of marine engines, Steyr Motors is simultaneously launching
its expansion into other key Eastern European markets, including Estonia,
Latvia and Lithuania.
The contract began upon its conclusion in July 2025 and covers exclusive
cooperation in sales, spare parts, and services for Steyr Motors marine
engines. The goal is to systematically develop the market in Poland and
neighboring Eastern European countries. Poland has the highest defense
spending in Europe as a percentage of its gross domestic product (GDP)
(2024: 4.2%), followed by Estonia (3.4%). Poland plays a central role in
EU and NATO security policy. Thus, the Eastern European markets offer
Steyr Motors considerable growth potential, with high demand in both the
civil and military segments.
A key element of the partnership is training service technicians. In the
future, Taurus Sea Power will have certified SMO technicians to ensure
consistently high quality after-sales service. Taurus Sea Power has
decades of experience selling marine engines and serves a wide range of
customers, from recreational and sports boat owners to yacht owners. This
new partnership strengthens Steyr Motors' presence in a fast-growing,
highly relevant market.
“Entering the Polish market is a milestone for our international growth
strategy. It is also a significant step toward geographical
diversification within our core European market,” says 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 more 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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05.08.2025 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: 2179080
End of News EQS News Service
2179080 05.08.2025 CET/CEST
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