Steyr Motors Secures Brazilian Framework Agreement, Boosting Order Backlog

Steyr Motors AG has successfully established a framework agreement with a Brazilian client, strengthening its foothold in the South American market. This agreement supports the global business development strategy and increases the order backlog to nearly EUR 200 million by 2027. The Austrian company, known for its customized engines for defense and civil applications, aims for continued growth until 2030.

The company plans dynamic revenue growth of 40% annually and a quadrupling of its adjusted EBIT by 2027. Steyr Motors is expanding its international presence with agreements in Asia, the USA, and other regions, reinforcing the trust in its technology.

The company's CEO, Julian Cassutti, cites significant growth potential due to high demand for efficient drive solutions and rising defense budgets, particularly in NATO countries. Further agreements are expected, potentially increasing the order backlog by EUR 150 million after 2027.