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4X0 Steyr Motors AG News Story

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Brief: Steyr Motors 9M Revenue Rises 15.2% To EUR 34.4 Mln

Oct 23 (Reuters) - STEYR MOTORS AG 4X0.VI:

9MTH REVENUE RISES 15.2% TO EUR 34.4 MILLION

9M EBIT AT EUR 4.0 MILLION (PREVIOUS YEAR: EUR 5.4 MILLION) - TEMPORARILY IMPACTED BY TARGETED CAPACITY EXPANSION

9M SOLID ORDER BACKLOG OF MORE THAN EUR 300 MILLION REMAINS - CONCLUSION OF FURTHER HIGH-VOLUME ORDERS EXPECTED

FY EXPECTS 40% REVENUE GROWTH, 20% EBIT MARGIN

CONFIRMS ITS MEDIUM-TERM GROWTH TARGET OF REVENUE OF APPROXIMATELY EUR 140 MILLION AND EBIT OF APPROXIMATELY EUR 40 MILLION BY 2027

Source text: ID:nEQ3Fg59xa

Further company coverage: 4X0.VI

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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