Financial Report 2nd quarter for DOF Subsea

The Group’s operating income for 2nd quarter (management reporting) was NOK 1,257 million (NOK 1,203 million) and the operating profit before depreciation and impairment (EBITDA) was NOK 445 million (NOK 372 million).

The average utilisation of the Group's fleet during the 2nd quarter was 70%; 67% for the Subsea/IMR Project fleet and 77% for Long-term Chartering fleet.
At the end of the 2nd quarter, the Group’s firm backlog was NOK 13,8 billion.

Please see enclosed 2nd quarter Financial Report 2019.
>>> DOF Subsea Financial Report Q2 2019 (PDF)
>>> DOF Subsea Quarterly Presentation Q2 2019 (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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