• Follow us
  • Facebook
  • Twitter
  • Linkedin
  • YouTube
  • RSS
  • Contact us

Getting access to our website

Read more

Search form
Meyer Turku

Meyer Turku

Meyer Turku Group's turnover increased, profitability expected to improve with ships under construction

YardMeyer Turku Group's result for 2023 has been published. The company's turnover was EUR 1.43 billion, which means a growth of 10.6% compared to the previous year. Both the turnover and the number of personnel have been growing for three consecutive years. The loss for the financial year 2023 was EUR 103.8 million (i.e. -7.2% of the turnover).

The fiscal year 2023 of the shipyard company was affected by the ship deals that were closed before the corona pandemic, the new prototype ship project and the loss provision for the ship to be delivered in 2024. Beyond that, Meyer Turku has made remarkable contributions required for the green transition.

CEO Tim Meyer comments on the result: 

“The cruise industry has recovered to the pre-corona level, even beyond it, and there is demand for our high-quality products. We constantly make large financial investments in sustainable development, which is a key competitive factor for us and a natural part of the high-quality shipbuilding that we are known for. Meanwhile, the risen general and financing costs added to the covid pandemic and the war in Ukraine have heavily affected our financial results in 2023.

It has been exceptional times building the most complex cruise ship in the world. ICON OF THE SEAS has made huge success on the market. However, each prototype ship brings significant e.g. product development costs. With the continuation of the Icon series, our cost efficiency improves, leading to more profitable ships vessel by vessel. So we remain optimistic about the future."

In November 2023, Meyer Turku delivered to Royal Caribbean International the ship ICON OF THE SEAS. At the outfitting pier now is the TUI Cruises’ vessel MEIN SCHIFF 7, Meyer Turku’s first ever methanol-ready ship.

Under construction at the shipyard are also the second ship in the Icon series, STAR OF THE SEAS, to be delivered in 2025, and Icon 3 that will be completed in 2026.

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 in 2025 and 2026.

Meyer Turku Group's key financial figures for 2023 (including subsidiaries):





Turnover, M€                                                          




Profit / loss for the financial year, M€                   




Profit / loss for the financial year, % of turnover




Investments, M€                                                       




Personnel, average                                                   




May 03 2024

Get the latest news - for FREE

Receive our weekly newsletter with the latest news and unique special offers.


Shippax Info

Our monthly magazine + Online Access.1 year subscription.


Shippax Market 24

Market reports & outlook


Shippax Guide 24



Shippax Designs 23



Shippax Database - Single user

Shippax Database online


Ferry Statistics

Price upon request


Don’t miss out!

The place to meet the ferry shipping industry!