Financial Report 3rd quarter 2020 for DOF Subsea

The Group's operating income for the 3rd quarter (management reporting) was NOK 1 547 million (NOK 1 458 million in Q3 2019) and the operating profit before depreciation and impairment (EBITDA) was NOK 707 million (NOK 545 million).  
 
The average utilisation of the Group's fleet during the 3rd quarter was 83% ; 78% for the Subsea/IMR Project fleet and 95% for Long-term Chartering fleet.  
 
At the end of the 3rd quarter, the Group had a firm backlog of NOK 13.1 billion.
 
Please see enclosed Financial Report for the 3rd quarter 2020.
>>> DOF Subsea Q3 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

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