Overview
- Order intake reached €8.8 billion in 2024/25, lifting the backlog to about €18.2 billion driven by 212CD follow-on submarines, the Polarstern icebreaker, 212A modernizations, and two 218SG export boats.
- Management targets roughly 10% revenue growth and expects EBIT toward the upper end of the €100–150 million range, with a planned dividend payout of 30–50% of net income from 2027.
- TKMS will invest €200 million to start submarine production in Wismar, primarily for a pressure-hull line, with customer contributions expected to fund a substantial share.
- The Wismar site employs about 300 people today and could scale to as many as 1,500 to accelerate deliveries and shorten lead times.
- Talks to acquire neighboring German Naval Yards are ongoing with a decision expected in weeks, and the company is investing low millions in security after drone sightings while reporting no acute threat.