Meyer Werft Narrows 2025 Loss, Moves Toward Break-Even 2026
6 Articles
6 Articles
Meyer Werft continues to be deeply involved in the renovation process. Although business is significantly better, legacy assets are heavily impacting on the balance sheet. Nevertheless, management sees progress for the current year – although an important source of revenue is missing.
By Michael Kierstein: The Meyer shipyard in Papenburg has published its consolidated financial statements for 2025. The very first point sets the tone. According to the report, while the shipbuilder has improved its results, they continue to be impacted by provisions and unprofitable legacy orders. More...
Papenburger Meyer Werft has once again completed the past year with a high loss. Despite double sales, the bottom line is a minus of around 384 million euros.
The Meyer Werft in Papenburg recorded a loss of nearly 400 million euros last year. A year earlier, the figures were even deeper in the red, with a loss of nearly 570 million euros.
German Shipbuilder Meyer Werft Sees Losses Fall Sharply
German shipbuilder Meyer Werft more than doubled its revenue in 2025 to €2.83 billion, up from €1.37 billion in 2024. At the same time, its operating EBITDA loss was reduced from €527.6 million to €251.8 million. Revenue was mainly generated by the delivery of Asuka III for NYK Cruises and Disney Destiny for Disney Cruise Line. In addition, subsidiary NEPTUN WERFT in Rostock delivered two inland passenger vessels, while a cruise ship was refurbi…
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