The company reported a substantial increase in order intake, rising to €5,591 million compared to €669 million in the previous year. Major contracts include an extension of the 212CD programme with the German Armed Forces for four additional submarines and an order for the research icebreaker ‘Polarstern’ from the Alfred Wegener Institute.
Oliver Burkhard, CEO of thyssenkrupp Marine Systems, stated: “We achieved great success in the first half of the year and booked a record order backlog of over €16 billion. Both the order expansion under the 212CD program and our order for the new Polarstern underscore our position as a Maritime Powerhouse – as a systems provider to the maritime defense industry.”
He added that the recent contract for two additional submarines for Singapore has brought the order book to around €18 billion. “This strong performance gives us momentum for the planned spin-off of thyssenkrupp Marine Systems,” Burkhard said. “We are pushing ahead with this with all our strength in order to be able to exploit the growth opportunities in our market to the fullest.”
In addition to a strong order intake, sales also rose to €1,101 million from €965 million in the previous year. Adjusted EBIT increased by 46% to €62 million, and the EBIT margin improved to 5.6% from 4.4% in the first half of the previous fiscal year.
The improved profitability is largely attributed to progress in new construction projects and positive developments in the marine electronics segment. Paul Glaser, CFO of thyssenkrupp Marine Systems, said: “Our order backlog gives us long-term visibility and predictability and puts us in an excellent position to significantly increase our revenue in the future.”
Glaser also emphasised the sustainable profitability improvements achieved in recent years, stating: “We were able to demonstrate this once again in the first half of the current fiscal year. We are continuing to do our homework and firmly expect to maintain the positive trend and further increase our earnings margin.”
Source: thyssenkrupp Marine Systems (press release).
