Meyer Turku Group's turnover increased and result turned positive.

Meyer Turku Group's financial result for 2024 has been published. The company's turnover was 1.80 billion euros, which marks a growth of 28 percent compared to the previous year. The net profit for the financial year 2024 was 68.9 MEUR (3,8% of the turnover).

“We have now seen the anticipated turnaround and today have a healthy order backlog. Reaching this result also supports us in our ongoing negotiations for future financing”, says Lari Niemi, CFO of Meyer Turku.

“Meyer Turku has a leading position as the builder of the world's most advanced cruise ships. The demand for our products is growing along with the strengthening cruise market and the increasing interest in more sustainable and energy-efficient products. Even in the more challenging years, we have consistently invested in the green transition and in driving change across the whole maritime industry”, adds Tim Meyer, CEO of Meyer Turku

The latest delivery from the Meyer Turku shipyard is Mein Schiff 7 from June 2024. It is the first methanol-ready ship built at the Turku shipyard.

Under construction at the shipyard are the second ship in the Icon series, Star of the Seas, to be delivered in summer 2025, as well as the third, Legend of the Seas, that will be completed in 2026, followed by Icon 4 in 2027. The shipyard also has options for Icon 5 and Icon 6.

In addition to cruise ships, Meyer Turku is also capable of offering products of strategic national importance: the company will be delivering two multi-purpose offshore patrol vessels to the Finnish Border Guard.