Financial Report 1st quarter 2022 for DOF Subsea AS

The Group’s operating revenue for the 1st quarter (management reporting) was NOK 1,592 million (NOK 1,041 million in Q1 2021) and the operating profit before depreciation and impairment (EBITDA) was NOK 599 million (NOK 321 million).

The average utilisation of the Group's fleet during the 1st quarter was 92%; 91% for the Subsea/IMR Projects fleet and 96% for the Long-term Chartering fleet.

At the end of the 1st quarter, the Group had a firm backlog of NOK 10.2 billion.

Please see enclosed the 1st quarter 2022 Financial Report.
>>> DOF Subsea AS Financial Report 1st quarter 2022 (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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