Steyr Motors AG: Strategic Growth and BUY Recommendation

Steyr Motors AG, classified by NuWays AG, has received a "BUY" recommendation with a target price of EUR 60, reflecting solid growth prospects. The final results for 2025 aligned with preliminary figures, and the company confirmed its 2026 guidance, emphasizing opportunities with KNDS and in the USV sector.

The KNDS order significantly enhances revenue visibility. The agreement, primarily for the Leopard 2 and Leguan systems, adds approximately €40 million to the backlog, with an initial delivery of 100 units expected in 2026. Furthermore, Steyr's USV business is expanding globally, expected to contribute €10 million in sales in 2026, and is supported by the strategic BUKH acquisition.

With €300 million in secured orders for 2026-2030 and projected FY26 sales of €78 million, Steyr is well-positioned for growth. High-power-density engine technology further supports its market expansion, evidenced by contracts with industry leaders like Rheinmetall and ST Engineering.