Meyer Turku posts a €25m profit in 2016

Mein Schiff 5 - delivered in 2015 Mein Schiff 5 - delivered in 2015

Meyer Turku recorded another profitable year in 2016 - it's second under Meyer family ownership. The net profit of the shipyard was €25m (or 3.2% of revenue), rising from €15m in 2015.

 

The Meyer family took control of the Finnish yard in late 2014.

Revenues rose 33% last year from €594m posted in 2015 to €792m in 2016.

the shipbuilder called the growth 'economically healthy and sustainable,' citing a stable order book until 2024.

'We are well on our growth path and these reasonable profits give us an opportunity to further invest in the shipyard and also to build up an even stronger shipbuilding team with further recruitments,' Meyer Turku ceo Jan Meyer commented.

The shipyard’s firm orderbook consists of three Mein Schiff vessels for TUI Cruises, two 180,000gt ships for Costa Cruises and two 180,000gt ships for Carnival Cruise Line. It is also signed an MOU with Royal Caribbean for two Icon-class vessels which are likely to have a tonnage of about 200,000 gt or slightly more for delivery in 2022 and 2024.

 

Posted 05 May 2017

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