Steyr Motors AG AGM Sanctions Dividend and Restructures Board

Steyr Motors AG recently held a successful Annual General Meeting, announcing a dividend of EUR 0.25 per share, a total payout of EUR 1.3 million. The Supervisory Board welcomes new members Dr. Rolf Wirtz and Gerhard Schwartz, enhancing the company's strategic direction. The AGM expressed strong confidence in existing leadership and passed all agenda items with significant support.

Steyr Motors is optimistic about growth, introducing the M12 Power Unit, aimed at high-demand defense applications, expected to generate over EUR 100 million by 2030. The company is set to expand its unmanned systems product line, projecting substantial revenue increases.

International growth, especially in the U.S., Asia, and Europe, is underway, bolstered by a strategic acquisition of BUKH. Long-term contracts with major players like KNDS and Rheinmetall provide stable future prospects.