Frankfurt, Germany, Aug 12, 2026 (AFP) - German warship-maker TKMS raises outlook, shares surge

NAMPA / AFP

2026-08-12

German warship-maker TKMS on Wednesday raised its outlook for the second time this year as the company cashes in on global rearmament, sending its shares up a whopping 14 percent. The maker of submarines and frigates now expects sales to grow between 10 and 12 percent this year on last year's figure of 2.2 billion euros ($2.54 billion), up from a previous forecast of growth of between two and five percent. The company's core profit margin is now......

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