Austria's Steyr Motors Q3 revenue rises 11.2% on defense contracts

By Reuters News


Overview

  • Austria engine maker's Q3 revenue rose 11.2% yr/yr, slightly above internal expectations

  • Adjusted EBIT and gross profit margin improved from prior year

  • Company confirmed full-year guidance, expects seasonally strong Q4


Outlook

  • Steyr Motors confirms 2026 guidance for revenue growth of 15%-25% and EBIT margin of 8%-12%

  • Company expects a significant acceleration in business activity in Q4 2026 due to seasonality

  • Steyr Motors says long-term growth outlook remains unchanged, citing rising defense spending and demand for autonomous systems


Result Drivers

  • DEFENSE CONTRACTS - KNDS call-offs and Navy SEALs tender deliveries in September contributed to Q3 growth

  • SEASONALITY - Business momentum picked up after weaker July and August, with September driving improved results

  • GROWTH PROJECTS - Progress in unmanned surface vehicles and M12PU power generator projects supported long-term outlook


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

EUR 35.30 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • Wall Street's median 12-month price target for Steyr Motors AG is €49.00, about 37.6% above its October 21 closing price of €35.62


Reuters Recommended Reads

  • Oct 19 - US drone firm Red Cat seeks control of Austria's Steyr Motors in $230 million deal

  • Oct 19 - Rheinmetall, MSC jointly acquire Romanian shipyard

  • Oct 21 - Europe weighs giving utilities, infrastructure companies more powers to bring down drones


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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