TKMS submarine maker with evidence orders

The order book of the shipyard manufacturing submarines in Kilonia is full. The yard presented fresh business data. But this isn't just about orders for naval equipment from Germany and another countries. Thyssenkrupp Marine Systems (TKMS), a company manufacturing submarines based in Kilonia, has plenty of orders and, he claims, until the 1940s. The 21st century will be full reserved. "In the first half of the year we were very successful and achieved a evidence value of orders of over EUR 16 billion," said Oliver Burkhard, CEO of TKMS. In the first half of the financial year 2024/2025, which runs until the end of September, the yard received orders worth nearly €5.6 billion, compared to 669 million in the same period last year. At the end of the financial year 2023/24, the value of contracts in advancement amounted to EUR 11.7 billion.

Meanwhile, over 18 billion

In early May, it was announced that Singapore had ordered 2 further 70-metre submarines in northern Germany. As a result, the value of orders rose again to around EUR 18 billion," Burkhard said. These boats are built at the TKMS shipyard in Wismar, not at the office in Kilonia, where the first units for Singapore were created.

As early as December, the Bundestag Budget Committee approved the construction of 4 additional 212CD class submarines for the German Navy. The value of orders for German units alone is EUR 4.7 billion. According to erstwhile information from TKMS, Norway has besides signalled its intention to increase the number of submarines. In addition, TKMS received a contract to build a fresh Polarstern investigation icebreaker for the Alfred Wegener Institute in Bremerhaven. The shipyard besides seeks the order of submarines in Canada.

Sales and operating profit increased

The company reported that sales increased to over EUR 1.1 billion in the first half of the financial year 2024/25. In the same period last year this amount amounted to EUR 965 million. The adjusted operating profit before interest and taxation deduction (EBIT) increased to EUR 62 million from October to the end of March (in the erstwhile year: EUR 42 million). No net income information was provided.

TKMS is 1 of the world's leading maritime companies, employing around 8,000 employees in 3 shipyards: in Kilonia, Wismar and Itajaí (Brazil), as well as in branches around the world.