thyssenkrupp Marine Systems with record order backlog in the first half of 2024/2025

• Order backlog grows to Euro (€) 16.1 billion thanks to significant successes in all areas

• Adjusted EBIT rises 46% year-on-year to €62 million

• thyssenkrupp Marine Systems remains on track to become an independent company

thyssenkrupp Marine Systems significantly increased its order intake year-on-year in the first half of 2024/2025 and substantially improved its profitability.

Thanks to major orders in all segments – underwater, surface and electronics – order intake rose to €5,591 million in the first half of 2024/2025 (previous year: €669 million). In the underwater segment, Marine Systems received an order extension from the German Armed Forces in December 2024 for four additional submarines as part of the 212CD program. In addition, the surface segment was awarded the contract by the Alfred Wegener Institute for the research icebreaker ‘Polarstern’. With these significant milestones, the order backlog grew to a record level of €16.1 billion at the end of the first half of the year (end of fiscal year 2023/2024: €11.7 billion).

Oliver Burkhard, CEO of thyssenkrupp Marine Systems: “We achieved great success in the first half of the year and booked a record order backlog of over €16 billion. Both the order expansion under the 212CD program and our order for the new Polarstern underscore our position as a Maritime Powerhouse – as a systems provider to the maritime defense industry. The recent signing of the contract for the follow-up order of two submarines for Singapore has contributed to our order book currently rising to around €18 billion. This strong performance gives us momentum for the planned spin-off of thyssenkrupp Marine Systems. We are pushing ahead with this with all our strength in order to be able to exploit the growth opportunities in our market to the fullest.”

Due to the steady ramp-up in new construction business, sales in the first half of the year were also positive at €1,101 million (same period last year: €965 million). Adjusted EBIT increased to €62 million (same period last year: €42 million). The adjusted EBIT margin improved to 5.6% in the first six months (same period last year: 4.4%). The improved profitability was primarily due to project progress in the new construction business and a positive development in the marine electronics segment.

Paul Glaser, CFO of thyssenkrupp Marine Systems: “Our order backlog gives us long-term visibility and predictability and puts us in an excellent position to significantly increase our revenue in the future. At the same time, we have structurally and sustainably improved our profitability in recent years. We were able to demonstrate this once again in the first half of the current fiscal year. We are continuing to do our homework and firmly expect to maintain the positive trend and further increase our earnings margin.”

thyssenkrupp Marine Systems is constantly working on developing itself as a Maritime Powerhouse. To enable the company to make the best possible use of its growth opportunities, thyssenkrupp AG is pursuing the spin-off of the marine segment on the capital market in the current calendar year.