Steyr Motors AG Debuts on Frankfurt Stock Exchange

Steyr Motors AG, a leader in customized engines for defense and civilian use, launched successfully on the Frankfurt Stock Exchange's Scale segment. The IPO opened with a market capitalization of EUR 82.7 million. This listing is expected to support profitable growth and expand global sales.

The company placed 1,110,000 shares with institutional investors at EUR 14.00 each, raising approximately EUR 15.5 million. Mutares remains the primary shareholder with 70.9% while B&C Holding Österreich GmbH joined as a significant investor.

In 2024, Steyr Motors forecasts revenue between EUR 41 and 45 million and an adjusted EBIT of EUR 9 to 11 million, supported by a EUR 150 million order backlog. CEO Julian Cassutti expressed optimism about leveraging increased defense budgets globally for expansion.