Overview
- Order book reported at €18.7 billion at quarter‑end rose to above €20 billion after Norway signed for two additional 212CD submarines post cutoff.
- TKMS raised full‑year revenue growth guidance to 2–5% for FY2025/26 and maintained adjusted EBIT guidance of €100–150 million with a margin above 6%.
- First‑quarter results showed revenue of €545 million (down 1% year over year), adjusted EBIT of €26 million, net profit of €4 million, and order intake of €904 million following a prior‑year surge.
- The company says it is in final negotiations in India for six submarines and remains a finalist in Canada for up to 12, with Ottawa weighing broader economic packages as Hanwha Ocean competes.
- A preliminary accord with Germany’s procurement agency enables work toward a Meko A‑200 DEU frigate delivery by end‑2029 with a €50 million schedule‑security tranche, while TKMS expands its Wismar yard with over 140 recent hires and plans for up to roughly 1,500 jobs at full capacity.