Submarine maker TKMS raises sales outlook, hits new high in order backlog

TKMS AG & Co KgaA

11/02/2026 06:00

FRANKFURT, Feb 11 (Reuters) - German submarine maker TKMS TKMS.DE hit a new high in its order backlog and raised its sales outlook, it said on Wednesday, with a boost from rising demand for warships at a time of rising geopolitical tensions.

Sales are now expected to rise by 2% to 5%, from a previous range of minus 1% to up 2%, compared with an average forecast of 2.9% in an LSEG poll of banks and brokerages.

(Reporting by Christoph Steitz in Frankfurt; Editing by Matthew Lewis)

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