Financial Report 4th quarter 2020 for DOF Subsea

The Group’s operating revenue for the 4th quarter (management reporting) was NOK 1,214 million (NOK 1,329 million in Q4 2019) and the operating profit before depreciation and impairment (EBITDA) was NOK 458 million (NOK 543 million).
 
The average utilisation of the Group's fleet during the 4th quarter was 78%; 68% for the Subsea/IMR Project fleet and 95% for Long-term Chartering fleet.

At the end of the 4th quarter, the Group had a firm backlog of NOK 11,3 billion.

Please see enclosed the 4th quarter 2020 Financial Report.
>>> DOF Subsea Q4 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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