Order intake also grew, reaching €1.5 billion compared to €1.0 billion in the prior year. This growth was fuelled by strong demand in the Naval Electronics segment and extensive order expansions, despite the absence of newbuilding project orders. The company’s order backlog now stands at €11.7 billion.
“We can once again look back at a positive development over the past fiscal year,” said CEO Oliver Burkhard. “The large number of order extensions, which underline the trust of our customers in our innovative strength and quality, is particularly pleasing.”
Adjusted EBIT saw a significant jump to €125 million, up from €73 million last year. This improvement is attributed to the submarine delivery, progress in newbuilding projects, and strong performance in the Services and Naval Electronics segments. Efficiency gains in material management, personnel, and administration further boosted profitability.
Paul Glaser, CFO of tkMS, noted, “These figures show that we have made very good progress in transforming our company, despite the difficult environment. This represents a most positive start to the new business year and an incentive to do even better.”
The company remains a global leader in conventional submarine construction, with production of the 212CD submarines for Germany and Norway progressing on schedule. Recent milestones include the delivery of a MEKO A200 frigate to Egypt, the naming of the submarine Inimitable for Singapore, and advances in Brazil’s Tamandaré frigate programme.
To meet increasing demands, tkMS is enhancing its capabilities as a maritime powerhouse by focusing on integrated system solutions and pursuing greater independence in the capital market. Discussions with the Federal Government and KfW Bank regarding state participation are also ongoing, alongside potential industrial partnerships.
Looking ahead, tkMS aims to solidify its strong position in international competition while continuing its growth trajectory. “With an independent placement, which we are continuing to pursue intensively, we can best exploit the growth opportunities that present themselves,” added Burkhard.
