Meyer Turku, the privately owned Finnish builder of cruise ships, has reported a rise in 2017 net profit to €32.2 million from €26.2 million in the previous year. Revenues rose to €807.7 million from €787.5 million.
The company is in the middle of a €200 million investment programme that includes a 1,200 ton lifting capacity gantry crane.
“ These good figures help us to prepare ourselves for the years to come and to increasingly tightening international competition,” CEO Jan Meyer said in a statement.
“We will be using operating profit to finance our big investments. By these investments we are building the Turku shipyard into a modern factory to assemble ships, we train our staff and further strengthen our team of shipbuilders,” he continued.