{"id":8006,"date":"2026-08-12T13:44:36","date_gmt":"2026-08-12T11:44:36","guid":{"rendered":"https:\/\/mumak.me\/?p=8006"},"modified":"2026-08-12T14:08:26","modified_gmt":"2026-08-12T12:08:26","slug":"tkms-q3-2026-earnings-update","status":"publish","type":"post","link":"https:\/\/mumak.me\/en\/portfolio-updates\/company-update\/tkms-q3-2026-earnings-update\/","title":{"rendered":"TKMS \u2013 Q3 2026 Earnings Update"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8006\" class=\"elementor elementor-8006 elementor-8005\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-21f229a e-flex e-con-boxed e-con e-parent\" data-id=\"21f229a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c7c5ed1 elementor-widget elementor-widget-text-editor\" data-id=\"c7c5ed1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"50\" data-end=\"421\"><strong><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-tkms\/\">TKMS<\/a><\/strong> continues its strong growth course in the third quarter of the 2025\/26 fiscal year. Revenue in the first nine months rose by <strong data-start=\"190\" data-end=\"198\">19%<\/strong>. Supported by an order backlog of around <strong data-start=\"246\" data-end=\"261\">EUR 20 billion<\/strong> and strong demand for naval platforms, management is significantly raising its revenue guidance for the full year.<\/p><h3 data-section-id=\"sp7ykx\" data-start=\"423\" data-end=\"507\">TKMS: Growth accelerates amid continued strong demand in the naval sector<\/h3><p data-start=\"509\" data-end=\"627\"><strong><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-tkms\/\">TKMS<\/a><\/strong> achieved revenue of approximately <strong data-start=\"545\" data-end=\"561\">EUR 1.9 billion<\/strong>, representing an increase of <strong data-start=\"585\" data-end=\"615\">19% year-over-year<\/strong>.<\/p><p data-start=\"629\" data-end=\"736\">Adjusted EBIT increased to <strong data-start=\"666\" data-end=\"682\">EUR 110 million<\/strong>, compared to <strong data-start=\"699\" data-end=\"714\">EUR 98 million<\/strong> in the prior-year period.<\/p><p data-start=\"738\" data-end=\"954\">Particularly important is the significant increase in the revenue guidance for the full year. <strong><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-tkms\/\">TKMS<\/a><\/strong> now expects revenue growth of <strong data-start=\"893\" data-end=\"904\">10\u201312%<\/strong> for the 2025\/26 fiscal year, compared to the previous forecast of <strong data-start=\"944\" data-end=\"953\">2\u20135%<\/strong>.<\/p><p data-start=\"956\" data-end=\"1206\">The more optimistic outlook reflects, in particular, the positive development at <strong data-start=\"1036\" data-end=\"1056\">ATLAS ELEKTRONIK<\/strong> and in the <strong data-start=\"1072\" data-end=\"1091\">Surface Vessels<\/strong> division, while moderate growth is expected for the submarine business.<\/p><h3 data-section-id=\"k1oidh\" data-start=\"1208\" data-end=\"1243\">Q3 \/ 9M 2025\/26 at a Glance<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-26127d1 elementor-widget elementor-widget-Table\" data-id=\"26127d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"Table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table class=\"tafe-table \">\n\t\t\t<thead  class=\"tafe-table-header\">\n\t\t\t\t<tr>\n\t\t\t\t\t<th class=\"elementor-inline-editing elementor-repeater-item-3f3f2e0\"   >Key Figure<\/th><th class=\"elementor-inline-editing elementor-repeater-item-f44885d\"   >9M 2025\/26<\/th><th class=\"elementor-inline-editing elementor-repeater-item-23de24f\"   >Year-over-Year Change <\/th>\t\t\t\t<\/tr>\n\t\t\t<\/thead>\n\t\t\t\t\t\t<tbody class=\"tafe-table-body\">\n\t\t\t\t<tr>\n\t\t\t\t\t<\/tr><tr><td data-label=\"Key Figure\"   class=\"elementor-repeater-item-e050aa7 td-content-type-default\" ><b>Revenue  <\/b><\/td><td data-label=\"9M 2025\/26\"   class=\"elementor-repeater-item-da32a54 td-content-type-default\" >EUR 1.9 billion<\/td><td data-label=\"Year-over-Year Change\"   class=\"elementor-repeater-item-f04d525 td-content-type-default\" ><b>+19%<\/b><\/td><\/tr><tr><td data-label=\"Key Figure\"   class=\"elementor-repeater-item-66a0f10 td-content-type-default\" ><b>Adjusted EBIT<\/b><\/td><td data-label=\"9M 2025\/26\"   class=\"elementor-repeater-item-8d40194 td-content-type-default\" >EUR 110 million\n<\/td><td data-label=\"Year-over-Year Change\"   class=\"elementor-repeater-item-cb251ae td-content-type-default\" ><b>+12 %<\/b><\/td><\/tr><tr><td data-label=\"Key Figure\"   class=\"elementor-repeater-item-7c6426a td-content-type-default\" ><b>Adjusted EBIT Margin <\/b><\/td><td data-label=\"9M 2025\/26\"   class=\"elementor-repeater-item-60bcf94 td-content-type-default\" >5.8%\n<\/td><td data-label=\"Year-over-Year Change\"   class=\"elementor-repeater-item-2e50193 td-content-type-default\" ><b>-0.3 percentage points<\/b><\/td><\/tr><tr><td data-label=\"Key Figure\"   class=\"elementor-repeater-item-d27b099 td-content-type-default\" ><b>Order Intake<\/b><\/td><td data-label=\"9M 2025\/26\"   class=\"elementor-repeater-item-08a1df6 td-content-type-default\" >EUR 3.6 billion\n<\/td><td data-label=\"Year-over-Year Change\"   class=\"elementor-repeater-item-2d4a925 td-content-type-default\" ><b>-58%<\/b><\/td><\/tr><tr><td data-label=\"Key Figure\"   class=\"elementor-repeater-item-847fcc8 td-content-type-default\" ><b>Order Backlog<\/b><\/td><td data-label=\"9M 2025\/26\"   class=\"elementor-repeater-item-60e1b80 td-content-type-default\" >EUR 20 billion<\/td><td data-label=\"Year-over-Year Change\"   class=\"elementor-repeater-item-4f6be24 td-content-type-default\" >\u2013\n<\/td>\t\t\t\t<\/tr>\n\t\t\t<\/tbody>\n\t\t<\/table>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a0af1ca elementor-widget elementor-widget-text-editor\" data-id=\"a0af1ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2 class=\"PDq2pG_selectionAnchorContainer\" data-section-id=\"m7jc14\" data-start=\"1661\" data-end=\"1686\">Key Highlights<\/h2><ul><li data-section-id=\"lq2i8n\" data-start=\"1688\" data-end=\"1977\">Order intake amounted to <strong data-start=\"1726\" data-end=\"1742\">EUR 3.6 billion<\/strong>, significantly below the <strong data-start=\"1776\" data-end=\"1792\">EUR 8.6 billion<\/strong> of the comparison period. However, the decline is primarily due to exceptionally large orders in the previous year and not to weaker underlying demand.<\/li><li data-section-id=\"18hxv2y\" data-start=\"1978\" data-end=\"2097\">The order backlog remained at a very high level of around <strong data-start=\"2015\" data-end=\"2030\">EUR 20 billion<\/strong>.<\/li><\/ul><h2 data-section-id=\"1ovxzg7\" data-start=\"2099\" data-end=\"2125\">What Defined the Quarter?<\/h2><p data-start=\"2127\" data-end=\"2319\">The third quarter once again underlined the transformation of <strong><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-tkms\/\">TKMS<\/a><\/strong> from a traditional naval shipbuilder to a more broadly positioned <strong data-start=\"2267\" data-end=\"2318\">naval technology and defense company<\/strong>.<\/p><p data-start=\"2321\" data-end=\"2436\">The strongest operational momentum is currently coming from <strong data-start=\"2370\" data-end=\"2390\">ATLAS ELEKTRONIK<\/strong> and the <strong data-start=\"2416\" data-end=\"2435\">Surface Vessels<\/strong> business unit.<\/p><p data-start=\"2438\" data-end=\"2633\">The order backlog of around <strong data-start=\"2467\" data-end=\"2482\">EUR 20 billion<\/strong> remains one of the most important strengths of <strong><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-tkms\/\">TKMS<\/a><\/strong>. It corresponds to production capacity utilization over many years.<\/p><h2 data-section-id=\"q2kf2j\" data-start=\"2635\" data-end=\"2673\">Key Strategic Developments<\/h2><p data-start=\"2675\" data-end=\"2823\">In addition to the financial development, the quarter was characterized by several strategically significant developments.<\/p><h4 data-section-id=\"p9g4hd\" data-start=\"2825\" data-end=\"2874\">Canada \u2013 Significant Opportunity in the Submarine Business<\/h4><p data-start=\"2876\" data-end=\"3029\">One of the most important developments was Canada&#8217;s decision to select TKMS as the <strong data-start=\"2950\" data-end=\"3016\">preferred provider for the Canadian Patrol Submarine Project<\/strong>.<\/p><p data-start=\"3031\" data-end=\"3240\">A final contract has not yet been concluded. The project should therefore not yet be <strong data-start=\"3125\" data-end=\"3183\">considered part of the secured order backlog<\/strong>.<\/p><h4 data-section-id=\"mpuan3\" data-start=\"3242\" data-end=\"3282\">MEKO A-200 Frigates for Germany<\/h4><p data-start=\"3284\" data-end=\"3360\">TKMS also made significant progress in the surface vessel sector.<\/p><p data-start=\"3362\" data-end=\"3553\">The Budget Committee of the German Bundestag approved the procurement of <strong data-start=\"3442\" data-end=\"3475\">four MEKO A-200 DEU frigates<\/strong> as well as options for additional ships.<\/p><h4 data-section-id=\"1g6gj1q\" data-start=\"3555\" data-end=\"3593\">Growing International Demand<\/h4><p data-start=\"3595\" data-end=\"3641\">Demand is also increasing outside of Europe.<\/p><p data-start=\"3643\" data-end=\"3831\">Management pointed to increasing interest from countries in the <strong data-start=\"3711\" data-end=\"3730\">Persian Gulf<\/strong>, particularly in areas such as <strong data-start=\"3766\" data-end=\"3792\">mine countermeasure technology<\/strong>.<\/p><h2 data-section-id=\"13498d\" data-start=\"3833\" data-end=\"3855\">Order Development<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85bc021 elementor-widget elementor-widget-Table\" data-id=\"85bc021\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"Table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table class=\"tafe-table \">\n\t\t\t<thead  class=\"tafe-table-header\">\n\t\t\t\t<tr>\n\t\t\t\t\t<th class=\"elementor-inline-editing elementor-repeater-item-3f3f2e0\"   >Key Figure<\/th><th class=\"elementor-inline-editing elementor-repeater-item-23de24f\"   >9M 2025\/26<\/th><th class=\"elementor-inline-editing elementor-repeater-item-f44885d\"   >9M 2024\/25<\/th>\t\t\t\t<\/tr>\n\t\t\t<\/thead>\n\t\t\t\t\t\t<tbody class=\"tafe-table-body\">\n\t\t\t\t<tr>\n\t\t\t\t\t<\/tr><tr><td data-label=\"Key Figure\"   class=\"elementor-repeater-item-e050aa7 td-content-type-default\" ><b>Order Intake <\/b><\/td><td data-label=\"9M 2025\/26\"   class=\"elementor-repeater-item-da32a54 td-content-type-default\" ><b>EUR 3.6 billion<\/b><\/td><td data-label=\"9M 2024\/25\"   class=\"elementor-repeater-item-7647d0a td-content-type-default\" >EUR 8.6 billion<\/td><\/tr><tr><td data-label=\"Key Figure\"   class=\"elementor-repeater-item-d27b099 td-content-type-default\" ><b>Order Backlog <\/b><\/td><td data-label=\"9M 2025\/26\"   class=\"elementor-repeater-item-08a1df6 td-content-type-default\" ><b>approx. EUR 20 billion<\/b>\n<\/td><td data-label=\"9M 2024\/25\"   class=\"elementor-repeater-item-3dfb4de td-content-type-default\" >\u2013<\/td>\t\t\t\t<\/tr>\n\t\t\t<\/tbody>\n\t\t<\/table>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b81296 elementor-widget elementor-widget-text-editor\" data-id=\"2b81296\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><em>Source: TKMS, Q3 2026 Financial Results.<\/em><\/p><p aria-level=\"3\">Although order intake fell significantly year-over-year, the comparison is distorted by large orders received in the prior-year period.<\/p><p data-start=\"4215\" data-end=\"4286\">The more important indicator for <strong><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-tkms\/\">TKMS<\/a><\/strong> therefore remains the <strong data-start=\"4266\" data-end=\"4285\">order backlog<\/strong>.<\/p><p data-start=\"4288\" data-end=\"4495\">At around <strong data-start=\"4297\" data-end=\"4312\">EUR 20 billion<\/strong>, this corresponds to a multiple of current annual revenue and provides the company with a strong foundation for long-term growth.<\/p><h2 data-section-id=\"1gey0b6\" data-start=\"4497\" data-end=\"4536\">Updated Forecast for FY2025\/26<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d8960c elementor-widget elementor-widget-Table\" data-id=\"8d8960c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"Table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table class=\"tafe-table \">\n\t\t\t<thead  class=\"tafe-table-header\">\n\t\t\t\t<tr>\n\t\t\t\t\t<th class=\"elementor-inline-editing elementor-repeater-item-3f3f2e0\"   >Forecast<\/th><th class=\"elementor-inline-editing elementor-repeater-item-f44885d\"   >New Outlook<\/th><th class=\"elementor-inline-editing elementor-repeater-item-23de24f\"   >Previous Outlook<\/th>\t\t\t\t<\/tr>\n\t\t\t<\/thead>\n\t\t\t\t\t\t<tbody class=\"tafe-table-body\">\n\t\t\t\t<tr>\n\t\t\t\t\t<\/tr><tr><td data-label=\"Forecast\"   class=\"elementor-repeater-item-e050aa7 td-content-type-default\" ><b>Revenue Growth<\/b><\/td><td data-label=\"New Outlook\"   class=\"elementor-repeater-item-da32a54 td-content-type-default\" ><b>+10\u201312%<\/b><\/td><td data-label=\"Previous Outlook\"   class=\"elementor-repeater-item-7647d0a td-content-type-default\" >+2\u20135%<\/td><\/tr><tr><td data-label=\"Forecast\"   class=\"elementor-repeater-item-d27b099 td-content-type-default\" ><b>Adjusted EBIT Margin <\/b><\/td><td data-label=\"New Outlook\"   class=\"elementor-repeater-item-08a1df6 td-content-type-default\" ><b>up to 6.5%<\/b>\n<\/td><td data-label=\"Previous Outlook\"   class=\"elementor-repeater-item-3dfb4de td-content-type-default\" >over 6%<\/td>\t\t\t\t<\/tr>\n\t\t\t<\/tbody>\n\t\t<\/table>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-436f8ce elementor-widget elementor-widget-text-editor\" data-id=\"436f8ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"PDq2pG_selectionAnchorContainer\" data-start=\"4706\" data-end=\"4868\">The improved outlook represents a significant acceleration compared to expectations at the beginning of the fiscal year.<\/p><h2 data-section-id=\"s62p06\" data-start=\"4870\" data-end=\"4891\">MUMAK Assessment<\/h2><p data-start=\"4893\" data-end=\"5067\">The <strong data-start=\"4897\" data-end=\"4923\">19% revenue increase<\/strong>, the higher adjusted EBIT, and the significant increase in the annual guidance create a strong foundation for further long-term growth.<\/p><p data-start=\"5069\" data-end=\"5423\">Particularly important is the increasing <strong data-start=\"5106\" data-end=\"5147\">diversification of the business model<\/strong>. <strong><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-tkms\/\">TKMS<\/a><\/strong> is no longer exclusively dependent on submarine construction. The growing contribution from <strong data-start=\"5235\" data-end=\"5254\">Surface Vessels<\/strong> and <strong data-start=\"5259\" data-end=\"5279\">ATLAS ELEKTRONIK<\/strong> expands the company&#8217;s addressable market. Canada also represents an additional significant long-term growth opportunity.<\/p><p data-start=\"5425\" data-end=\"5557\">Overall, <strong><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-tkms\/\">TKMS<\/a><\/strong> remains one of the most attractive structural growth stories in the <strong data-start=\"5508\" data-end=\"5556\">European naval and defense sector<\/strong>.<\/p><p data-start=\"5559\" data-end=\"5697\">The Q3 results of <strong><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-tkms\/\">TKMS<\/a><\/strong> strengthen our <strong data-start=\"5601\" data-end=\"5656\">positive long-term assessment of the company<\/strong>.<\/p><h2 data-section-id=\"c1wv2h\" data-start=\"5699\" data-end=\"5737\">Technical Analysis and Price Reaction<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/TKMS-1-Tag-1-scaled.png\" target=\"_self\" class=\"e-image-link-base\" data-interaction-id=\"f4628ce\"\n\t><img fetchpriority=\"high\" decoding=\"async\" class=\"e-image-base \" data-e-type=\"widget\" data-id=\"f4628ce\" id=\"8017\" src=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/TKMS-1-Tag-1-scaled.png\" width=\"2560\" height=\"1086\" srcset=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/TKMS-1-Tag-1-scaled.png 2560w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/TKMS-1-Tag-1-300x127.png 300w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/TKMS-1-Tag-1-1024x435.png 1024w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/TKMS-1-Tag-1-768x326.png 768w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/TKMS-1-Tag-1-1536x652.png 1536w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/TKMS-1-Tag-1-2048x869.png 2048w\" alt=\"TKMS 1 Day\"\/>\t<\/a>\t\t\t\t<div class=\"elementor-element elementor-element-6534e99 elementor-widget elementor-widget-text-editor\" data-id=\"6534e99\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"PDq2pG_selectionAnchorContainer\" data-start=\"5739\" data-end=\"5841\">The <strong><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-tkms\/\">TKMS<\/a><\/strong> share reacted <strong data-start=\"5764\" data-end=\"5784\">significantly positively<\/strong> to the Q3 results and the raised annual guidance.<\/p><p data-start=\"5843\" data-end=\"6013\">The share price jumped towards <strong data-start=\"5877\" data-end=\"5889\">EUR 99.4<\/strong>, testing the important <strong data-start=\"5921\" data-end=\"5957\">resistance zone at EUR 99.7\u2013100<\/strong>, which had previously marked a significant high.<\/p><p data-start=\"6015\" data-end=\"6269\">The price reaction is relevant from a technical perspective, as the share has overcome short-term resistance in the <strong data-start=\"6125\" data-end=\"6138\">EUR 93\u201394<\/strong> range and is now testing the upper boundary of the broader consolidation formation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a1ceb3d elementor-widget elementor-widget-Table\" data-id=\"a1ceb3d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"Table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table class=\"tafe-table \">\n\t\t\t<thead  class=\"tafe-table-header\">\n\t\t\t\t<tr>\n\t\t\t\t\t<th class=\"elementor-inline-editing elementor-repeater-item-a4af3fd\"   >Indicator <\/th><th class=\"elementor-inline-editing elementor-repeater-item-3b3ef9b\"   >Rating<\/th><th class=\"elementor-inline-editing elementor-repeater-item-03c62f4\"   >Interpretation<\/th>\t\t\t\t<\/tr>\n\t\t\t<\/thead>\n\t\t\t\t\t\t<tbody class=\"tafe-table-body\">\n\t\t\t\t<tr>\n\t\t\t\t\t<td data-label=\"Indicator\"   class=\"elementor-repeater-item-ca181a9 td-content-type-default\" ><b>RSI (14)<\/b><\/td><td data-label=\"Rating\"   class=\"elementor-repeater-item-24148b1 td-content-type-default\" >Positive<\/td><td data-label=\"Interpretation\"   class=\"elementor-repeater-item-5505f4d td-content-type-default\" >The daily RSI has risen to around 71, placing it slightly in overbought territory.<\/td><\/tr><tr><td data-label=\"Indicator\"   class=\"elementor-repeater-item-750ef14 td-content-type-default\" ><b>MACD<\/b><\/td><td data-label=\"Rating\"   class=\"elementor-repeater-item-b92892f td-content-type-default\" >Positive <\/td><td data-label=\"Interpretation\"   class=\"elementor-repeater-item-a6f194f td-content-type-default\" >The MACD provides a bullish signal.<\/td><\/tr><tr><td data-label=\"Indicator\"   class=\"elementor-repeater-item-da9ce5b td-content-type-default\" ><b>Bollinger Bands <\/b><\/td><td data-label=\"Rating\"   class=\"elementor-repeater-item-9492819 td-content-type-default\" >Positive<\/td><td data-label=\"Interpretation\"   class=\"elementor-repeater-item-e322fbd td-content-type-default\" >The share price has risen sharply towards the upper Bollinger Band and slightly exceeded it. This is another sign of strong buying momentum.<\/td>\t\t\t\t<\/tr>\n\t\t\t<\/tbody>\n\t\t<\/table>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d29b98d elementor-widget elementor-widget-text-editor\" data-id=\"d29b98d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"PDq2pG_selectionAnchorContainer\" data-start=\"6801\" data-end=\"7021\">Overall, the technical picture has <strong data-start=\"6864\" data-end=\"6887\">significantly improved<\/strong> following the Q3 results. The strong fundamental news was accompanied by a <strong data-start=\"6944\" data-end=\"6970\">bullish breakout<\/strong>.<\/p><h3 data-section-id=\"tahefp\" data-start=\"7023\" data-end=\"7065\">MUMAK Assessment \u2013 Technical Conclusion<\/h3><p data-start=\"7067\" data-end=\"7316\" data-is-last-node=\"\" data-is-only-node=\"\">From a technical perspective, TKMS remains <strong data-start=\"7101\" data-end=\"7112\">bullish<\/strong>. However, the RSI and the position of the share price above the upper Bollinger Band indicate that the stock is <strong data-start=\"7236\" data-end=\"7271\">increasingly overbought in the short term<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>TKMS increases revenue by 19% and raises guidance. The high order backlog supports long-term growth prospects.<\/p>\n","protected":false},"author":2,"featured_media":2171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[151],"tags":[],"aktie":[],"class_list":["post-8006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-update"],"acf":[],"_links":{"self":[{"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/posts\/8006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/comments?post=8006"}],"version-history":[{"count":4,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/posts\/8006\/revisions"}],"predecessor-version":[{"id":8019,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/posts\/8006\/revisions\/8019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/media\/2171"}],"wp:attachment":[{"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/media?parent=8006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/categories?post=8006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/tags?post=8006"},{"taxonomy":"aktie","embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/aktie?post=8006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}