TKMS up after record backlog

TKMS AG & Co KgaA

11/05/2026 07:40

** TKMS  TKMS.DE up 3.9% in early Frankfurt trading after the warship builder's order backlog reaches a fresh record

** Order backlog rose to 20.6 billion euros ($24.2 billion) at the end of March, up from 18.7 billion at the end of December

** "Solid reporting on first view. But shares got hit Friday and it has to be seen, if defence story is out or numbers bring a rebound," a local trader says

** Adjusted operating profit (EBIT) during the six months through March was 60 million euros, up 14% and slightly ahead of the analyst consensus in a company-provided poll

** TKMS sits top of Germany's midcap index .MDAXI in early Frankfurt trade

 (Reporting by Danny Callaghan)

 ((danny.callaghan@thomsonreuters.com))