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Meyer Turku Group's financial result for 2022

YardMeyer Turku Group's financial result for 2022 has been published. The Group’s turnover was EUR 1.30bn (+20%). The operative result grew from EUR 10.8m (2021) to EUR 20.3m in 2022. The loss for the financial year was EUR 15.6m, which is slightly smaller than the previous year.

The number of the shipyard company personnel continued to grow slightly since 2021. Investments remained at the level of the previous year.

Meyer Turku CEO Tim Meyer comments on the result:

"During 2022, we were particularly affected by the difficult availability of materials and overall increased costs, especially on materials and financing.

Despite the unexpected events of the last few years, we have been able to keep the shipyard fully operational, and we are currently preparing for the sea trial of the ICON OF THE SEAS in mid-June. The situation has been made possible by an effective cooperation with all our stakeholders. Internally, our company's change program supports us in improving profitability.

We are continuing our efforts to stay the forerunner of the green transition in the cruise industry. It is a big challenge and at the same time a great opportunity for us. We are focusing also this year on new technologies and continuously searching for new talents to join us on our journey.”

In November 2022, Meyer Turku last delivered to Carnival Cruise Line, the company's 50th anniversary ship CARNIVAL CELEBRATION. Currently, in the outfitting pier there is the ICON OF THE SEAS, which will be delivered to Royal Caribbean International in late 2023.

MEIN SCHIFF 7, which will be delivered to TUI Cruises in 2024, and ICON 2, to be completed in 2025, are also under construction at the shipyard. In addition to these, ICON 3, that will be completed in 2026, is included in the Meyer Turku order book.

Meyer Turku will also be delivering two multi-purpose offshore patrol vessels to the Finnish Border Guard in 2025 and 2026.

 Meyer Turku Group's key financial figures for 2022 (including subsidiaries)

 

2022

2021

2020

Turnover, M€                                                           

1295,5

1079,2

1035,9

Profit / loss for the financial year, M€                   

-15,6

-17,0

7,8

Profit / loss for the financial year, %

-1,2

-1,6

0,8

Investments, M€                                                       

12,1

12,4

30,8

Personnel, average                                                   

2,131

2,086

2,359

May 05 2023


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