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Steyr Motors AG
Regulatory Filings • Dec 11, 2024
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News Details
Corporate | 11 December 2024 07:30
Steyr Motors delivers engines for Hovercraft to Amphibious Marine
EQS-News: Steyr Motors AG / Key word(s): Incoming Orders
Steyr Motors delivers engines for Hovercraft to Amphibious Marine
11.12.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
Steyr Motors AG delivers engines for Hovercraft to Amphibious Marine
- Order in the civilian maritime sector
- Supply of propulsion technology for commercial hovercraft
Steyr, Austria, December 11, 2024 – Steyr Motors AG (“Steyr Motors”, ISIN AT0000A3FW25 ), one of the world’s leading companies in the field of customized engines for mission-critical defense and civilian applications, has received an order for the supply of engines from Amphibious Marine, a company specializing in the design, manufacture and supply of special vehicles and equipment for amphibious operations.
Steyr Motors will equip the Explorer 24 from Amphibious Marine with its propulsion technology. The Explorer 24 is a commercial hovercraft designed for efficiency, economy and saltwater capability. It is used for a wide variety of applications, including tourism, search and rescue missions and recreational activities. The vehicle is typically used by tourism operators, search and rescue services, government agencies, and private users. Among its most prominent users, for example, is the private aerospace company SpaceX, which uses the Explorer 24 for transportation between its sites at Boca Chica in Texas and South Padre Island.
“The collaboration with Amphibious Marine once again demonstrates the versatility and reliability of our propulsion solutions. With our high-performance engines for the most demanding applications, we are growing not only in the defense sector but also in civilian applications. This order will further strengthen Steyr Motors’ reputation as a leading supplier of high-performance engines,” 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. For the full year 2024, revenues are expected to reach EUR 41 to 45 million and adjusted EBIT to be in the range of EUR 9 to 11 million. For 2025, Steyr Motors is aiming for a year-on-year increase in revenue of over 40%, an adjusted EBIT margin of over 20% and a production volume of more than 1,250 units.
For further information, please contact:
Steyr Motors AG
Investor Relations
Phone: +436766222367
E-mail: [email protected]
Press Contact in Germany, Austria, Switzerland
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: [email protected]
Press Contact in France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: [email protected]
Press Contact in UK
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: [email protected]
11.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Steyr Motors AG |
| Im Stadtgut B1 | |
| 4407 Steyr | |
| Austria | |
| Phone: | +43 7252 2220 |
| E-mail: | [email protected] |
| Internet: | https://www.steyr-motors.com/de/ |
| ISIN: | AT0000A3FW25 |
| WKN: | A40TC4 |
| Listed: | Regulated Unofficial Market in Frankfurt (Scale) |
| EQS News ID: | 2048279 |
| End of News | EQS News Service |