Marine shipbuilding
Submarine builder TKMS with orders at a record level
The order books of the Kiel submarine builder are full. The shipyard has now presented new business figures. But it is not just about marine orders from Germany and other countries.
The Kiel submarine builder Thyssenkrupp Marine Systems (TKMS) has overcrowded order books and claims to be busy until the 2040s. “We achieved great success in the first half of the year and have an order level at a record level of over 16 billion euros,” said TKMS boss Oliver Burkhard. In the first half of the 2024/2025 financial year until the end of September, the shipyard received orders of almost 5.6 billion euros after 669 million in the previous year. At the end of the 2023/24 financial year, the order stock was 11.7 billion euros.
Now over 18 billion
At the beginning of May it was announced that Singapore in northern Germany ordered two more 70 meters long submarines. As a result, the order book has increased again to around 18 billion euros, said Burkhard. These boats are built on the TKMS shipyard in Wismar and not at the headquarters of Kiel, where the first units for Singapore were created.
Already in December, the Bundestag’s budget committee approved the construction of four other submarines of modern class 212CD for the German Navy. The order volume for the German units alone is 4.7 billion euros. According to previous TKMS, Norway has already signaled to want to increase the number of submarines.
In addition, TKMS was awarded the contract for the construction of the new “Polarstern” research ice bracket for the Alfred Wegener Institute in Bremerhaven. In addition, the shipyard strives for a potential submarine order from Canada.
Sales and operational profit rose
In the first half of the 2024/25 financial year, sales rose to over 1.1 billion euros, as the company reported. In the same period last year it was 965 million euros. The adjusted operational profit before interest and taxes (EBIT) climbed to 62 million euros from October to the end of March (previous year: 42 million euros). Information about the net result was not given.
TKMS is one of the world’s leading companies in the naval industry with around 8,000 employees on three shipyards in Kiel, Wismar and Itajaí (Brazil) and at locations worldwide.
dpa
Source: Stern
