Germany's TKMS posts slight profit beat in H1 on submarines, sonar units

TKMS AG & Co KgaA

11/05/2026 06:00

FRANKFURT, May 11 (Reuters) - German warship builder TKMS TKMS.DE on Monday reported first-half sales and profits that came in slightly higher than expected, led by its submarine and sonar technology divisions and reflecting growing demand for weapons across Europe.

First-half adjusted operating profit rose 13.2% to 60 million euros ($71 million), while sales climbed 10.2% to 1.17 billion. Analysts in a company-provided poll had, on average, expected operating profit of 59 million euros and sales of 1.10 billion.

($1 = 0.8486 euros)

 (Reporting by Christoph Steitz)

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