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MEYER TURKUíS GOOD RESULTS FUEL THE RAMP-UP OF PRODUCTION SCHEDULE

Thursday, April 4, 2019 

Finnish/German shipbuilder Meyer Turku Group reports that its latest financial figures indicate a good steady growth for the company through 2018, with turnover up from Ä808,2 million to Ä969,7 million euros and profit for the financial year 2018 being 3.0%.

The company says it is fuelling the current production ramp-up with its profits. CEO Jan Meyer said: “We are on a good path to meet the goals we have set. We need to, however, double our production in the next four years to meet the demands in our order book. Investments to the facilities and our  personnel with first-in-series ships have impacted our profitability in 2018 and will continue to do so during the next couple of years.”

In 2018 Meyer Turku delivered one ship, New Mein Schiff 1, to German TUI Cruises. New Mein Schiff 2 was handed over to the same owner in January 2019. 2018 also saw the start of hull production for Costa Cruises Smeralda and the start of production for Carnival Cruise Lines Mardi Gras, both cruise ships of 180 000gt. The current order book now comprises seven large cruise ships, with scheduled deliveries phased over the next five years.

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