Overview
- For FY 2024/25, TKMS reported revenue of €2.2 billion, adjusted EBIT of €131 million, net profit of €108 million, and a record order backlog of €18.2 billion.
- Norway confirmed two additional 212CD submarines and lifted its defense budget by NOK 46 billion, taking the binational program to 12 boats with six for Norway and six for Germany.
- TKMS will invest about €200 million to launch a pressure‑hull production line in Wismar, with hiring planned to scale the site from roughly 300 toward up to 1,500 employees to accelerate deliveries.
- Management is in talks to acquire neighboring German Naval Yards in Kiel, with a decision expected within weeks, as it positions TKMS as a consolidation hub in European naval shipbuilding.
- Guidance calls for adjusted EBIT of €100–150 million next year and a dividend payout of 30–50% starting with FY 2025/26, while the company tightens yard security after drone overflights and Germany’s maritime coordinator urges faster, more domestic procurement.