TKMS Reports H1 Profit Beat on Strong Submarine Sales
German warship builder TKMS reported a first-half adjusted operating profit of 60 million euros. Sales rose to 1.17 billion euros as European demand increased.
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THYSSENKRUPP AG unit TKMS reported first-half adjusted operating profit of 60 million euros ($71 million), beating analyst expectations by 1 million euros. Sales climbed 10.2% to 1.17 billion euros, exceeding the 1.10 billion euros analysts had projected. Growth was led by the submarine and sonar technology divisions amid rising European weapons demand.
