Reported 3 days ago
A €1 investment in the struggling Austrian engine maker Steyr Motors has turned into one of Europe's hottest stocks, soaring over 1,600% amidst a defense stock boom triggered by increased military spending. Mutares SE, the private equity firm that purchased Steyr in 2022, has seen its shares double as the company prepares for a significant rise in profits and sales in 2025. Although both stocks have recently moderated, the heightened interest in defense-related investments continues to drive strong market performance.
Source: YAHOO