Financial Report 2nd quarter 2022 for DOF Subsea AS

The Group’s operating revenue for the 2nd quarter (management reporting) was NOK
1,962 million (NOK 1,506 million in Q2 2021) and the operating profit before
depreciation and impairment (EBITDA) was NOK 648 million (NOK 512 million).

The average utilisation of the Group's fleet during the 2nd quarter was 88%; 87%
for the Subsea/IMR Projects fleet and 92% for the Long-term Chartering fleet.

At the end of the 2nd quarter, the Group had a firm backlog of NOK 11.8 billion.

Please see enclosed the 2nd quarter 2022 Financial Report.
>>> DOF Subsea Q2 2022 Financial Report (PDF)

For further information, please contact:
Mons S. Aase, CEO DOF Subsea AS - Tel: +47 91 66 10 12
Martin Lundberg, CFO DOF Subsea AS - Tel: +47 91 62 10 57

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