Meyer Turku’s 2025 Result Provides a Strong Foundation for Future Development
Meyer Turku Group Oy has published 2025 financial results. The company’s turnover amounted to EUR 2.14 billion, representing an increase of 17.2% compared to the previous year. Adjusted EBIT for the 2025 financial year was EUR 105.1 million.
“The result achieved last year supports us on our path towards a stronger independent company. The successful delivery of Star of the Seas, our confirmed orders, options, and the framework agreement with Royal Caribbean extending through 2036 provide a solid basis for future planning. In the coming years, our goal is to achieve stable financial performance and to make significant investments in the shipyard to strengthen our competitiveness,” says Casimir Lindholm, CEO of Meyer Turku.
Key financial figures of Meyer Turku Group Oy* | 2025 | 2024 | 2023 |
Turnover, M€ | 2,141.5 | 1,826.9 | 1,432.5 |
Adjusted EBIT, M€ | 105.1 | 73.9 | -96.0 |
Adjusted EBIT, % | 5.0 | 4.2 | -7.0 |
Investments, M€ | 13.6 | 17.0 | 9.8 |
Personnel, average | 2,379 | 2,356 | 2,200 |
* Meyer Turku Group Oy consists of Meyer Turku Oy and its operational subsidiaries Piikkio Works Oy, Shipbuilding Completion Oy, Technology Design and Engineering ENG’nD Oy, as well as mutual real estate companies.
At the Meyer Turku shipyard, three vessels are under construction simultaneously at different stages of completion, and one completed cruise ship is delivered to the customer each year.
The third vessel in the Icon class, Legend of the Seas, will be completed the coming summer. Construction is also currently underway on the fourth vessel in the series, Hero of the Seas, which will be delivered in summer 2027, as well as the fifth vessel of the series, which has not yet been named and is scheduled for delivery in 2028. Meyer Turku also holds options for the sixth and seventh vessels in the series. A framework agreement with Royal Caribbean secures the shipyard’s order book through 2036.
In July 2025, Meyer Turku completed Star of the Seas, the second vessel in the Icon class. In summer 2024, Mein Schiff 7 was delivered—the first vessel built at the Turku shipyard with methanol readiness.
In addition to cruise ships, Meyer Turku is building two multi‑purpose offshore patrol vessels for the Finnish Border Guard at its partner shipyards. These vessels are scheduled for delivery in 2026 and 2027.
Meyer Turku Annual Report 2025
PDF 6.7 MB
The Meyer Turku Oy shipyard specializes in the construction of very demanding, innovative, and environmentally efficient cruise ships, car ferries, and special vessels. Our share of the global cruise construction market is 17%, and our shipyard order books extend to 2028. Our largest customers are Royal Caribbean and the Finnish Border Guard.
Meyer Turku recorded a turnover of EUR 2.1 billion in 2025. The company employs over 2.300 top professionals and operates the Turku shipyard where vessels have been built since 1737. Meyer Turku’s subsidiaries are Piikkio Works Oy, a cabin factory located in Piikkiö, Shipbuilding Completion Oy, which offers complete deliveries to public spaces, and ENG’nD Oy, a shipbuilding and offshore design company based in Rauma.
Meyer Turku – We design and build cruise ships of the future
