Steyr Motors: rocket -like increase in shares thanks to military orders!

Steyr Motors: rocket -like increase in shares thanks to military orders!

The Austrian engine manufacturer Steyr Motors recently presented impressive business figures that further heat up interest in its shares. The proceeds rose by 9.2 percent to 41.7 million euros, and adjusted operational profit (EBIT) exploded from 3.6 million to 10.1 million euros. The company benefits primarily from military upgrading in Europe, which significantly increases the demand for its high -performance engines. CEO Julian Cassutti commented that the dynamic demand growth could be felt in both the defense area and in the civilian sector. He also referred to the expansion to the Asian market, which has already shown the first successes because new sales channels in countries such as Taiwan, Vietnam and Indonesia have been opened up. According to orf.at , the "Defense" area is now taking 61 percent of total sales and recorded growth from 6.9 percent to 25.6 million euros.

shares on high

The Steyr Motors' shares made a spectacular jump last Friday and initially rose by 35 percent, followed by a further increase to 76 percent during the day. A long -term framework contract with a Brazilian customer, for whom an order stock of almost 200 million euros is expected by 2027, significantly influenced the positive movements. The share has already increased by impressive 500 percent this year, which made the market observers listen. At the same time, the interest group for investors (IVA) warns that the development reminded of a "mini-casino" and had reached the courses "fantasy level", as reported. Despite these warnings, the company sees its production capacities optimistic and plans to almost double production in the future.