German warship maker TKMS gives tepid outlook for 2026

TKMS AG & Co KgaA

08/12/2025 06:00

FRANKFURT, Dec 8 (Reuters) - German submarine and frigate builder TKMS TKMS.DE on Monday gave a muted outlook for its 2026 fiscal year, highlighting the reliance on large individual orders and related payments that sometimes are spread over several years.

The company, which was spun off from parent Thyssenkrupp TKAG.DE in October, said it expects adjusted operating profit of 100 million euros ($117 million) to 150 million euros in the fiscal year ending in September, compared with 131 million generated in 2025.

Analysts in a company-provided poll expected 2026 adjusted operating profit of 143 million euros.

($1 = 0.8580 euros)

 (Reporting by Christoph Steitz
Editing by Ludwig Burger)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))