The story is particularly clear in times of full challenges: the growth course of Steyr Motors. The sale of the special motorcycle manufacturer rose the previous year to 41.7 million euros. For this year, further growth of at least 40 percent is expected. The higher Austrians also benefit from an increased demand from the military area.
Baan reduction, austerity, bankruptcy – all these conditions had been mentioned with Steyr engines in recent years. But the special motorcycle manufacturer now seems to leave this behind. On Tuesday morning, the company published the figures for 2024, which showed an increased turnover to 41.7 million euros. The operational profit improved to 10.1 million euros, in 2023 it was 3.6 million euros.
In recent weeks, the company has caused a sensation with Jubilee reports, the stock fair course flew on extreme Heights “We are currently experiencing a very dynamic demand for our products in the defense area, but also in the civil sector,” says Steyr-Motors Baas Julian Cassutti. Nache: “We will use the growth opportunities arising from the turnaround and the challenges of security policy and our international expansion for us to promote the growth of the company.”
By 2027, more than 3000 engines must be manufactured per year
Before 2025 you expect an increase in sales of at least 40 percent. Motor production is expected to increase this year to at least 1250 units after producing 729 pieces in the previous year. By 2027, the annual production volume is expected to grow to more than 3000 motor units.
What does Steyr engines give such wings? Increased activities in Asia, the Central East and North Africa, as well as in North and South America, have an effect, emphasize. You can also score more in the military and armored area. The conclusion of an extensive development and delivery agreement with Rheinmetall Landysteme GmbH, a subsidiary of Rheinmetall AG, was only completed last week. Society is a leading manufacturer of tactical vehicles. Steyr Motors AG, which majority belongs to the Mutares Investment Company, brings the know -how into the development of powerful diesel engines and power units.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
