Financial Report 2nd quarter 2020 for DOF Subsea

The Group's operating income for the 2nd quarter (management reporting) was NOK 1 247 million (NOK 1 257 million in Q2 2019) and the operating profit before depreciation and impairment (EBITDA) was NOK 528 million (NOK 445 million).
 
The average utilisation of the Group's fleet during the 2nd quarter was 74% ; 64% for the Subsea/IMR Project fleet and 93% for Long-term Chartering fleet. At the end of the 2nd quarter, the Group had a firm backlog of NOK 12,4 billion.
 
Please see enclosed Financial Report for the 2nd quarter 2020.
>>> DOF Subsea Q2 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

Author Published