Financial Report 4th quarter 2021 for DOF Subsea

Financial Report 4th quarter 2021 for DOF Subsea

The Group’s operating revenue for the 4th quarter (management reporting) was NOK 1,444 million (NOK 1,214 million in Q4 2020) and the operating profit before depreciation and impairment (EBITDA) was NOK 609 million (NOK 461 million).

The average utilisation of the Group's fleet during the 4th quarter was 90%; 92% for the Subsea/IMR Project fleet and 92% for Long-term Chartering fleet.

At the end of the 4th quarter, the Group had a firm backlog of NOK 10,4 billion.

Please see enclosed the 4th quarter 2021 Financial Report.
>>> DOF Subsea Q4 2021 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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