Mutares Strengthens Steyr Motors’ Market Profile with EUR 30.9 Million Share Placement

Mutares Strengthens Steyr Motors’ Market Profile with EUR 30.9 Million Share Placement

(IN BRIEF) Mutares SE & Co. KGaA has placed 910,000 shares—about 17% of Steyr Motors AG’s outstanding shares—through an accelerated bookbuilding process, raising EUR 30.9 million. This follows a recent German legislative change to bolster domestic defense, which helped spark investor demand. Including this and earlier placements since March 18, Mutares has sold around 1.6 million Steyr shares for a total of EUR 74 million. The move has increased Steyr’s free float and market liquidity. Despite the reduced stake, Mutares retains a 40.1% shareholding and continues to support Steyr’s growth in defense and civilian sectors, underpinned by a EUR 200 million order backlog and targeted EBIT margins above 20%.

(PRESS RELEASE) MUNICH, 15-Apr-2025 — /EuropaWire/ — Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the placement of 910,000 shares in Steyr Motors AG (ISIN: AT0000A3FW25), equivalent to around 17% of the company’s outstanding shares, through an accelerated bookbuilding process targeting qualified investors. The transaction generated gross proceeds of EUR 30.9 million, reinforcing investor confidence in Steyr’s growth outlook.

The placement follows a pivotal legislative shift on March 18, 2025, when the German Bundestag approved amendments to the Basic Law, enabling expanded support for Germany’s domestic defense sector. In response to strong investor appetite and improved market conditions, Mutares decided to increase Steyr Motors’ free float. The newly broadened shareholder base has created opportunities for both existing and new investors, contributing to Steyr’s stronger capital markets visibility.

Since the March decision, Mutares has divested a total of approximately 1.6 million Steyr shares through on- and off-market transactions, securing cumulative gross proceeds of roughly EUR 74 million.

As a result of the increased free float, the liquidity of Steyr shares has significantly improved, making the stock more attractive to a wider range of investors and enhancing its position on the public markets. This is a key step in preparing Steyr Motors for the next stage of its growth trajectory.

Despite reducing its stake, Mutares remains a key shareholder in Steyr Motors with a 40.1% holding and has entered into a 180-day lock-up period. The company continues to support Steyr’s long-term strategic direction.

Steyr Motors, known for its high-performance engines tailored for mission-critical applications, particularly in the defense sector, has seen strong and consistent demand. It also serves selective civilian markets. With an order backlog nearing EUR 200 million, secured through 2027, the company is poised for sustained growth and robust profitability, targeting an EBIT margin above 20%.

Mutares CIO Johannes Laumann commented:

“This transaction highlights our value creation capabilities and the strength of our portfolio companies. The enthusiastic investor response underlines Steyr Motors’ solid market position and potential. We are proud of the results and remain committed to the company’s ongoing success and strategic growth.”

Media Contact:

+31 20 399 5487
info@mutares.de

SOURCE: Mutares SE & Co. KGaA