Financial Report 1st quarter 2021 for DOF Subsea

The Group’s operating revenue for the 1st quarter (management reporting) was NOK 1,041 million (NOK 1,329 million in Q1 2020) and the operating profit before depreciation and impairment (EBITDA) was NOK 321 million (NOK 491 million).

The average utilisation of the Group's fleet during the 1st quarter was 72%; 61% for the Subsea/IMR Project fleet and 99% for Long-term Chartering fleet.

At the end of the 1st quarter, the Group had a firm backlog of NOK 10,6 billion.

Please see enclosed the 1st quarter 2021 Financial Report.
>>> DOF Subsea Financial Report Q1 2021.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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