Germany · Delayed Price · Currency is EUR TKMS AG & Co KGaA Earnings Call Transcripts
Fiscal Year 2026
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A leading naval supplier highlighted strong market position, robust €20 billion order backlog, and significant pipeline opportunities that could double future orders. Margin expansion is expected as legacy contracts phase out, high-margin segments grow, and new contracts include inflation protection.
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Order backlog hit a record EUR 18.7 billion, with stable revenue and improved margins. Upgraded guidance projects 2%-5% revenue growth and EBIT margin above 6%, supported by strong segment performance and robust cash generation.
Fiscal Year 2025
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Record order intake and robust financials marked the first year as an independent company, with strong growth in submarines and Atlas Elektronik. Outlook remains positive, with a back-end loaded growth profile and continued margin expansion expected.
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Execution excellence, prudent growth, and integrated naval solutions drive a record €18.6B order backlog and a 10% sales CAGR target. Margin expansion is underpinned by phasing out legacy contracts, ramping up Wismar, and leveraging technology leadership in submarines, surface vessels, and electronics.