- TKMS AG & Co. KGaA (“TKMS”) will be listed on the MDAX from December 22, 2025.
- Within just a few weeks, TKMS has managed to establish itself among the 90 largest listed companies on the German Stock Exchange.
Kiel, December 4, 2025 – Following its successful stock market debut on October 20, TKMS met the MDAX criteria of Deutsche Börse shortly after its spin-off from thyssenkrupp AG and will be included in Germany's second-most important German stock index. The Deutsche Börse determines the index membership of listed companies on the basis of free float market capitalization. TKMS has thus established itself as one of Germany's most important companies within just a few weeks. The index membership will take effect on December 22.
“We are delighted to be included in the MDAX so soon after our debut on the Deutsche Börse. This is a strong signal to our investors, our customers and partners, and our employees,“ explains Oliver Burkhard, CEO of TKMS. ”We have long-standing customer relationships and have developed a business model that makes us resilient even in dynamic times. By consistently focusing on our operational performance, we have significantly strengthened TKMS in recent years. Today's success demonstrates the confidence in our company, our products, and our employees.”
The entry into the MDAX confirms TKMS' strategic positioning as a maritime Powerhouse – the only fully integrated system house for maritime defense in Europe. With a record order backlog, the Group has the financial strength to invest specifically in innovative technologies and sustainable growth.
Paul Glaser, CFO of TKMS, emphasizes: "Over the past three years, we have further developed our company and increased our performance – this achievement has led to our successful spin-off and is now being rewarded with the MDAX listing. Looking ahead, if we reliably work through our order book, we will secure a stable return, the necessary cash flow, and sufficient financing for our future projects. This is always linked to our goal of achieving high-margin growth and establishing TKMS as a leading maritime Powerhouse on the stock exchange and in the market."
Strong market position and performance
TKMS's order book has tripled to around €18.6 billion (as of June 30, 2025) over the past five years – a clear sign of positive market development. Last year, the
Group won several key projects: The construction of four submarines in the German-Norwegian 212CD program represents one of the largest orders in the company's history, as does the order to modernize six Type 212A submarines. In addition, TKMS was awarded the contract for the research icebreaker “Neue
Polarstern” in the surface vessel sector. Internationally, the delivery of two submarines to an Asian customer expands the portfolio. Potential orders from Canada and ongoing contract negotiations with India underscore future growth potential. Based on this order situation, TKMS expects the market potential for maritime security to double by the mid-2030s.
