Financial Report 2nd quarter 2021 for DOF Subsea

The Group’s operating revenue for the 2nd quarter (management reporting) was NOK
1,506 million (NOK 1,247 million in Q2 2020) and the operating profit before
depreciation and impairment (EBITDA) was NOK 512 million (NOK 528 million).

The average utilisation of the Group's fleet during the 2nd quarter was 83%; 76%
for the Subsea/IMR Project fleet and 96% for Long-term Chartering fleet.

At the end of the 2nd quarter, the Group had a firm backlog of NOK 10,0 billion.

Please see enclosed the 2nd quarter 2021 Financial Report.
>>> DOF Subsea Financial Report Q2 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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