Financial Report 1st quarter 2020 for DOF Subsea

The Group’s operating income for the 1st quarter (management reporting) was NOK 1 329 million (NOK 1 103 million in Q1 2019) and the operating profit before depreciation and impairment (EBITDA) was NOK 491 million (NOK 365 million).

The average utilisation of the Group's fleet during the 1st quarter was 76%; 73% for the Subsea/IMR Project fleet and 82% for Long-term Chartering fleet.

At the end of the 1st quarter, the Group had a firm backlog of NOK 13,8 billion.

Please see enclosed the 1st quarter 2020 Financial Report.
>>> DOF Subsea Q1 2020 Financial Report (PDF)

For further information, please contact:
Mons S. Aase, CEO, DOF Subsea – Tel: +47 91 66 10 12
Marianne Møgster, SVP Finance, DOF Subsea – Tel: +47 99 30 69 16

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